Stryker Blog 07.05.2013
John Wasik a contributor to Forbes wrote a blog back in May entitled; Dinar Deception Driven By False Hope under a tag that said the following. This blog is about financial deception, swindles and costly untruths.
Well John you may want to re-look at your research because the dinar market rate is back to normal and looks to be gaining ground even higher against the dollar and could even over take the CBI published rate according to several article.
He stated in this blog that the dinar's value plunged even more against the dollar in May: from 1,200 to 1,300. Well John the rate is back down and even lower than the 1,200 rate you pointed out and could even see it drop another 120 dinars from here putting it at around 1080 dinars to the dollar which is lower than the Central Bank of Iraq's published rate, which in itself could cause another revaluation of the dinar.
Read More Link On Right
He also pointed out that the dropping rate represents hyper-inflation, he was right at that time about the rate but he is way off base on this comment. Iraq's inflation number continues to be right at 4% and no signs of inflationary issues what so ever.
You were right about the violence but you left out that one only needs to look at a globe to tell that Iraq is located right in the middle of countries that feed Al-Qaeda money to see that Iraq doesn't become a true democracy.
There have been peaceful demonstrations except for a hand full of killings caused by sectarian fighting; most are from car bombings of terrorist actions to make it look like sectarian violence.
According to this guy John we are all unwitting buyers and that we will, wait let me just get his exact quote; My educated guess is that you won’t be able to get what you paid for them — ever.
Well John there are a lot of folks in this investment that bought in at 1477 dinars to $1 dollar 10 years ago and the published value at the CBI right now today is 1166.
So John you need to go back to school to get a better education so you can try and make better educated guesses because to say that no one will be able to get what they paid - ever is just a false statement.
A few facts that John may want to know, since he wrote this misleading blog. Iraq has been voted out of Chapter VII Charters by the United Nations June 27th.
They could see the most important law in Iraq's history called simply HCL voted on a passed before the parliament session ends this time and Monday could see all the other stalled laws passed as well.
To sum this blog of mine up, who is blogging about financial deception, swindles and costly untruths without having your facts right John, could it be you?
OK, here are a few articles to back up my thoughts here and here is also his blog link.
DOLLAR EXCHANGE ASTAQRARSAR THE FRONT OF THE DINAR DURING THE DAY
July 3, 2013 · Posted in Iraqi Dinar
PARLIAMENT ECONOMIC COMMISSION: DOLLAR EXCHANGE ASTAQRARSAR THE FRONT OF THE DINAR DURING THE DAY
A member of the parliamentary economic and investment Salman al-Moussawi, on Tuesday, the stability of the exchange rate of the dollar against the Iraqi dinar soon, expecting that the exchange rate up to 120 dinars during the day.
The MP Moussawi’s “Awan” that “the dollar exchange rate fell during these days in front of the Iraqi dinar from 271 dinars to 123 dinars,” expected to “up to 120 dinars over the coming days, especially since the teams commission simple between what offered by auction and displayed in Iraqi market. ”
Musawi also denied news of the adoption of banks and private banks unified exchange rate of the dollar, saying “this action is contrary to the principles of economy adopted by the government.”
And said that “the strength of Iraqi economic sectors, supply and demand is one of the controls at the exchange rate of the dollar” .
As witnessed Iraqi market in recent months from higher in the U.S. dollar فعزاه member of the Economic Commission to “the previous period, while the width of the dollar is not commensurate with the demand for it, but with the passage of days, got a balance between supply and demand which led to the stability of the exchange rate of the dollar after that was controlled the black market created by some intruders. ”
Moussawi stressed that “Iraq operates according to an open market system, and high or low dollar exchange rate depends on the demand existing in the Iraqi market, Hoeks former totalitarian system, which was based closed market policy.”
And between al-Moussawi said “the Economic Committee in the House of Representatives and the executive branch are working on activating economic sectors in the field of industry, trade, agriculture and tourism to raise the strength of the dinar against the dollar. awaniq.com
Jabir al-Jabiri: Central Bank reserves are sufficient to meet the budget in full evidence of the strength of the Iraqi economy
Have a safe 4th of July weekend and we will keep all members update through my Members Emails.
Have a great day, Stryker