[Imperium] What I observe is that the only thing we know for certain is that we don't know... because there are so many agendas that create so many assumptions... it's a round-robin or sorts. Nobody knows what's really true.
[SWFloridaGuy] Imperium Completely agree.
[SWFloridaGuy] Imperium But we can continue to speculate and keep each other company while we wait.
[BOBGETZ6] Imperium SWFloridaGuy I still wonder how much a part, if any, our government's financial situation and the negotiations play a part in the finality. What do you think?
[SWFloridaGuy] BOBGETZ6 I just did a bunch of research on that actually
[Imperium] BOBGETZ6 I've been following this global settlements sceario for years, and I have to say, it's pretty convincing..
[Imperium] The issue seems to be the GS momentum and the resistance to it by the old guard.
[BOBGETZ6] Imperium You think they are intertwined with our situation.
[SWFloridaGuy] I said this a couple days ago but it applies to what you just said
[Imperium] It's a "war-of-the-worlds" so to speak
Read More Link on Right
[SWFloridaGuy] The U.S. plays a vital role in the reconstruction. I believe this will always be in Iraq's hands though (in part) because any large currency appreciation shock depends upon stability and faith that they can maintain long-term stability.
[SWFloridaGuy] However, that's not to discount that other powerful entities and countries like the US that continue to exert their influence. I'm just saying that for this to work the conditions must be ripe to ensure the success of the project.
[Imperium] SWFloridaGuy yes but the condions you imply are about Iraq... which doesn't seem to be acurate. Thje 'condions' are much greater
[SWFloridaGuy] The US has an agreement with Iraq concerning not only the reconstruction but also Chapter VII release (even though that is the UNSC).
[BOBGETZ6] Imperium SWFloridaGuy It is a very convulated situation, for sure.
[Imperium] SWFloridaGuy this is where the presumptions begin.
[SWFloridaGuy] Imperium You can't give a valuable currency to a country that is falling apart. Of course they play a role.
[SWFloridaGuy] Imperium It's not just about Iraq, it's not just not about Iraq.
[SWFloridaGuy] It never is when it comes to any currency appreciation shock. Many factors come into play.
[SWFloridaGuy] Recognizing that the situation in Iraq is fundamentally different than that which existed when the UNSC adopted Resolution 661 in 1990, and in particular that the threat to international peace and security posed by the Government of Iraq no longer exists. To enable Iraq to continue to develop its national economy through the rehabilitation of its economic infrastructure, as well as providing necessary essential services to the Iraqi people, and to continue to safeguard Iraq’s revenues from oil and gas and other Iraqi resources and its financial and economic assets located abroad, including the Development Fund for Iraq.
[hub] SWFloridaGuy whats the difference in having the dollar that is a valuable currency or a dinar thats worth a dollars value,,,,,,,,,,,they have to use something for everyday sustainablilty
[SWFloridaGuy] hub Are you asking what determines the value of a currency?
[goin4broke] SwFloridaGuy so if Iraq is falling apart what is your view of our country? Almost 17 trillion owed and never heard ANYONE talking about paying that down..
[hub] SWFloridaGuy no , you made the statement you cant give a valuable currency to a country thats falling apart, well they have the dollar now, is that not a valueable currency, so what is the difference if the have the dollar or the dinar that has the value of a dollar
[SWFloridaGuy] Supply and demand and determines the value. The value of a currency doesn't determine whether that country is rich or poor. That is determined by the national income, price index and GDP. Confidence that an economy is strong and the faith that strength will continue also factors in. Occasionally governments may manipulate their currency, print more bills, prevent cross border currency movements, adjust as commodity supplies change (discovery of large oil and gas fields), manipulate markets etc. A government's credibility plays a part as well and and their purchasing power demonstrates how it is comparative to others. Supply and demand is the most important factor. The highest traded currencies are the USD, Euro, and the Yen.
[hopeful2&2] iraq is not falling apart according to the folks we talked to, they said things are getting better and believe me they was spending some big bucks
[goin4broke] hub very good point.
[SWFloridaGuy] goin4broke Iraq isn't falling apart, quite the opposite.
[SWFloridaGuy] They control their market zones and their use in international banking transactions. Risk factor and total business spending on fixed assets (which provides the basis for future production) and country's letter grade also help determine the value of its currency. GDP is a factor but has little to do with the actual value of currency exchange. GDP is basically used as a reference point for the health of national and global economies. Gurus claim that a country's published budget numbers can be indicative of future exchange rates. This claim is completely bogus.
[SWFloridaGuy] hub My point was that maintaining stability is HUGE.
[hub] SWFloridaGuy im so old, that gdp is a new term, and i think ,imo, that it is the money we have after we pay the govt to squander it, i was educated and grew up with gnp,,,,,,,the total of value earned in out country...................................hehhehehehe
SWFloridaGuy] hub I can send you some reports from Harvard, Yale etc. that explain in detail what factors determine raising a country's exchange rate and sustaining that growth as well. It's not a magic RV button as you already know.
[goin4broke] SWFloridaGuy does Iraq need to be stable like Syria, Libya, Egypt or Iran? What is stable in your eyes?
[hub] SWFloridaGuy naw, thanks, dont need any jr college material, i have a minor in eco from Texas Tech, and we count our money different here...................hahahahhahahahhha,,,,,,,,,,,just kiddin about the jr college stuff
[SWFloridaGuy] hub GDP isn't really a big determining factor for them anyway. The lopsters focus on that too much imo. But the latest report to US Congress forecasts Iraq's GDP growth 3x that of the next strongest MENA economy and efforts to diversify their economic base (IMF's 2012 World Economic Outlook Report 14.7% for 2013). The global economic crisis is stimulating investment and presents vast opportunities and a gateway to revive the world’s economies. Their GDP is growing and so is their oil production.
[rustyc] hub are you counting by the congressional method or the senate ? lol
[Imperium] There's a presumption that Iraq has a degree of control. Imy concerns are how could a country that was invaded, bombed back to the stone age, economically destroyed, and then occupied for almost a decade, have any control. What's wrong with this picture? To me the news is painting a picture that's really a hologram.
[hub] rustyc im countin by the billy sol estes method, anyidea what that is?????
[Imperium] Like in the wizard of oz... "ingnore that man behind the curtain'..... doesn't make that man go away or not exist.
[rustyc] hub sounds like something that you could go to jail for lol
[SWFloridaGuy] goin4broke They will never be stable politically. I'm more concerned with economic stability. Investment laws, Oil & Gas agreement, Chapter VII (general progress) and a power-sharing government. Of course they could do whatever they want and start raising the value of the IQD tomorrow, float, change to a broad-based commodity peg or stay at a tenth of a cent for another decade (highly doubt it). Point is, I don't know. Just hoping for the best and I do think we have a great shot at seeing real progress in the near future.
[goin4broke] Imperium we spent close to a trillion dollars freeing Iraq. If we give them the keys and say good luck we really are stupid. They've had 5 plus years to get things in order. I say it isn't them!
[hub] rustyc in 59 he had the west texas banks finance $5,000,000 worth of fertilizer tanks mounted on trailers for all the cotten farmers,,,,,,,,only problem was out in the vast west texas plains, hard to find anything, and when the bankers found out they never existed, they were mad,,,,,,madder than mad,,,,,,,got 20 years for it
[SWFloridaGuy] Imperium That's not the point. The point is certain things have to happen for them to accomplish this and the only way to measure this progress is by following Iraq. I don't care who the puppet master may or may not be and I certainly don't have his phone number.
[SWFloridaGuy] goin4broke We never gave them the keys. That's the whole point of the departure agreement.
[SWFloridaGuy] We're completely involved in every aspect of the recovery. Hold on lemme show you a document.
[goin4broke] SWFloridaGuy so you don't believe in the Global reset? They being Iraq are probably more valuable than the US taking into account salaries and living standards and so on.
[Imperium] SWFloridaGuy my point is, Iraq doesn't seem to be calling the punches and every move they make has to be mandated according to anothers plan. Their news reflects this.
[Imperium] ... and we read that news (which is very orchestrated) and believe the picture its painting.
according to anothers plan.
[Imperium] Their news reflects this.
[Imperium] ... and we read that news (which is very orchestrated) and believe the picture its painting.
[Imperium] SWFloridaGuy what's happening and not happening may not be accurately represented by what's printed in the news.this is the issue I am concerned with.
[Tejas] Imperium agree others are calling the shots when the planets align they will pull the trigger, until then we wait on USA. to tell them to pull trigger period
[SWFloridaGuy] Imperium If you want to know if Burger King is coming out with a new burger, do you speculate what the Rothschilds may be cooking up or do you just go to Burger King, look at the menu, then speculate on what the motives behind the meal may be? Follow Iraq and the real progress being made. Follow experts like Reidar Visser and others who know what they're talking about.
[Imperium] Tejas I don't really know if the US is the one in that position. Who knows?
[SWFloridaGuy] Here is the document that explains the US's continued involvement.
[goin4broke] SWFloridaGuy i agree with Imperium Iraq is a puppet and if we know of Dinar all the people in power have way more Dinar than us. Stability I say their powers are all retiring post RV.
[SWFloridaGuy] Imperium You have to know who to listen to. I agree some news sources are crap. Most actually.
[Imperium] SWFloridaGuy I can see we are coming to the end of this discussion for now. Know that I appreciate and respect you.
[Imperium] .. and acknowledge that neither of us really know.
[SWFloridaGuy] Ministry of Planning, Iraq Legal Database, IMF/WTO Currency Manipulation, Macroeconomic Effects of Large Exchange Rate Appreciations, Article 140: Iraq’s Constitution, Lecture 9 - What Determines Exchange Rates, Iraq and the IMF, International Compact With Iraq, Inside Iraqi Politics, Iraq Oil Report, SIGR report to Congress, SBA 2nd report and CBI Annex A. - These are only a few examples of resources at our disposal. I would also like to add that I am extremely grateful for all the talented newshounds out there who have taught us so much and continue to research on our behalf.
[Tejas] Imperium think about it we send our troops our people lost lives equipment do you really think we are just going to let somebody else call the shots and we let it slip back really I dont think so
[Imperium] Tejas we weren't invited.
[SWFloridaGuy] Imperium I have great respect for you and I think you are on the money with your distrust toward mainstream media. Cheers. :)
Tejas] Imperium No but we did what had to be done to remove the evil one Sadam and company
[SWFloridaGuy] goin4broke Iraq is being exploited by others for their wealth and natural resources. We all know this but we still can follow clues and when we see Iraq making progress we know that their recovery is a group effort.
[goin4broke] SWFloridaGuy articles are just one persons view on a subject. As in all classroom settings someone is smartest in class and someone is dumbest. As for these article writers do we know where they finished in their respective classes? No, hence why I don't trust articles either.
[Tejas] SWFloridaGuy so true but it all depends on what article you read on what day some say its booming some say its falling apart.
[SWFloridaGuy] goin4broke Uh yeah we do actually. All depends on who you follow
[Tejas] And what was it said that you have to be stupid not to be able to make money in Iraq
[goin4broke] SWFloridaGuy you use a translator from Arabic to English whereas one misplaced word could change the whole context of article. Just saying.
[SWFloridaGuy] goin4broke I can give you a list of about 30 well respected Iraq Historians and they speak English.
[SWFloridaGuy] goin4broke I never once mentioned anything about Iraqi articles that have to be translated.
[Imperium] Tejas remember Paul Harvey?.... and now for the rest of the story>"
[Tejas] I see alot of smoke and mirrors floating around out there right now some say chtr 7 done some say no . CBI has been approve to increase value of dinar? but when some think this week, some say next year. world econ need injection now. Greece got saved- debt relief, so what happen there? where did it come from? HMMM
[willietrader] Tejas Remember much of what people tell us is their opinion !
Tejas] The way I see it Iraq has the Gurus and the rest of us chasing our tails with all the news coming out to keep us confused
[willietrader] Tejas I think the news out of Iraq is no different then the news brings us about the US Goverment.
[Tejas] willietrader True and don't forget the media
[willietrader] Tejas I don't think much of the confusion we have is from the media of Iraq but the INTEL the Guru's have passed on the last 9 years which most times never come to fruition
(SWFloridaGuy] willietrader GREAT point!!
[Tejas] willietrader true its all a guessing game and so far they are wrong. but I will hope angelquest TerryK are right this time
[Imperium] willietrader IMO the folks receiving and passing on info are being used...
[willietrader] Tejas Just stay grounded with facts. Learn what needs to be done to have the RV . Then make a check list. Will ch7 be lifted we have to wait for the UN hearing on Iraq on the 17th
[willietrader] Imperium Yes there being mislead. which brings confusion to the investor. It happens everyday in the US stock market
[SWFloridaGuy] People love to group together all research into a group called "articles." They then use bogus Iraqi reports or one of the many rehashed old articles to prove their point and convince you that rumors are the way to go. No one says believe all Iraqi articles and never have. They never specify which sources we should ignore. So, I wonder if they're referring to the GOI, CBI, Finance Committee, CoM, some random economist, National Alliance MP's, Iraqi List MP's, IMF reports, SIGR reports to Congress, political risk consultancy firms, Iraq historians, currency reform research papers, IMF/World Bank reports, the study of macroeconomic analysis (such as OECD development center documents) or confirming which laws have been passed and read into the gazette? No matter how much research we do we will never find the answers we want but it sure does make it easier to debunk the junk.
hopeful2&2] for goodness sake, we read articles thursday night, folks like bretling, bondlady , and some others that are conservative, folks, it was all good news, and this morning it sounds like none of it every happened thursday night.
[goin4broke] Well MIG family I'm hanging my hopes with Angelquest till she is proven wrong. As for life go live it as Connecticut showed us life and time is precious. Sitting on these sites though informative isn't making the RV happen sooner. God bless all of you and thanks for constrictive conversations.
[Aremel] May the reason for the Season be ever present in your mind, and may all the joy of the earth chase you down from behind. May you reach every goal that you've ever set in your life, and may you see the all your plans and dreams come true without one bit of strife. Please remember that I Love You and that this Season is for Him, and You ... have a Merry Christmas and very Happy New Year ... (Aremel)