trident704 wrote on January 25th, 2014, 11:26 pm: Good evening, family. A few thoughts, outside-the-box, so to speak. Strictly IMO, of course.
Two reasons why I think the IQD has already revalued. One, the tariff law was implemented over three weeks ago, and two, they've held a bond sale over two weeks ago. Phase 1 and Phase 2, if you will.
Phase 3? International exchange of their physical currency. When? No clue. How much? No clue. Does it really matter? Tariffs don't work with a program rate, because the program rate was tied to the USD, and it's illegal for Iraq to charge working tariffs using another country's currency.
What about the bond sale? How does the CBI pay 4.5% on a debt instrument with a program rate? They can't. Again, the program rate was tied to the USD and, as such, cannot be used. The point here is this investment will happen, and holders of any physical denomination will see a return that far exceeds any amount of initial capital put forward.
Admittedly, I used to sweat all the news coming out of the sandbox. How this may influence that, and so forth. The fact is, major financial players, central banks, and governments around the world are broke.
So...I've learned to expend my energy on what's really important: God is in complete control, and I trust that He knows what He's doing. No amount of my own research can ever supplant that. Soli deo Gloria
Read More Link on Right
doingwashes333 :Credit Unions VS Big Banks: here is a link I just found, http://finance.yahoo.com/news/credit-unions-vs-big-banks-164744933.html
[daz] CNBC ART CASHIN PIECE FROM FRIDAY Regulators Are About To Take The First Step To Revolutionizing Global Currency Markets Reuters DOUWE MIEDEMA, REUTERS JAN. 24, 2014, 4:23 PM Excerpt: The FSB's recommendations, which will carry huge weight in the market, mark a shift from December, when FCA Chief Executive Martin Wheatley said any effort to regulate the market "would be
a big policy change," and that regulators were at a very early stage. Read more:
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[BOBGETZ6] I spoke with someone today, who is out of the loop, so to speak. Based on this person's opinion due to what has been read, viewed, etc., they feel before the first of the month. This is not a UST, Fed, source, etc. etc.
xyz] any idea why cbi started using 2 dates for auction? ..."Central Bank of Iraq on the 25-Jan-2014 The Port on Sunday 26-Jan-2014"
xyz] To / broker companies buying and selling of foreign currencies all (Review this bank) 26/01/2014
[xyz] application of the Tariff Act: table issued by the Ministry of Finance as a first stage on imported goods covered by the application of the Tariff Act and consisting of 109 substances included various needs. T. Name Item number The proportion of the drawing 1 Alcoholic beverages of all kinds of items contained 22.08 - 22.06 to 22.05 - 22.04 to 22.03 22.03 80% 2 Tobacco is raw and waste silk factory 24.01 15% 3 Thick coil (cigar) 24.02 50% 4 Small coil (cigarettes) 24.02 25% http://www.alsumaria.tv/
[xyz] Emerging markets bid to reassure Davos amid currency woes http://economictimes.indiatimes.com/news/international/business/emerging-markets-bid-to-reassure-davos-amid-currency-woes/articleshow/29398413.cms
Topic: “We make a living by what we get, but we make a life by what we give.” Winston Churchill
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