Post From Wealthwatch.world Chat Room 8-7-15
Wealthwatch Evening Chat 8-7-15 Part 1 of 2
chattels: The following is reported elsewhere - no link of course - how is it to be reconciled with Donnie's posted article hereinabove ?
chattels: “Fitch Ratings has assigned Iraq a long-term foreign currency Issuer default rating (IDR) of ‘B-‘ with a stable outlook…”
chattels: anyone ?
chattels: “indicate that a material default risk is present.” - See more at: www.themalaymailonline.co...
BOBBY: Chattels .... i am still call into question the brent crude speculations
chattels: " Fitch says Iraq at risk of default, rates it B– " is the title of the article
BOBBY: if i am not mistaken.... they predicted over 4 million barrel increase
Fit2beFit: Is it ever time to once finding all the negative to also speak the positive
chattels: Well, I am confessed macroeconomic moron, but I think that read and understand the english language. How one can be judged as having a stable outlook, but still indicate a material default risk defies my comprehension.
BOBBY: Fit2beFit... agreed... trying to make sense of the latest info...... not just going on blind faith
chattels: to parapharse Ronald Reagan it sounds like " voo - doo " economics to me
Fit2beFit: ‹@BOBBY› Always searching out and finding the negative, leaves it negative, at least in our investment case.
BOBBY: Chattels... i dont think your the only one asking questions
Fit2beFit: On the other hand, why would they ever wanna tell positive every single time.
Fit2beFit: Thats Iraq :silly: :sideways:
BOBBY: Fit2beFit. . sorry but i dont just run with whatever i read or hear.. good or bad
Fit2beFit: ‹@BOBBY› :smile:
BOBBY: and i dont buy into conspiracy or ptb theories
chattels: I am not buying any more dinar and I question the advisability of anyone purchasing any more dinar under these circumstances if they already have some.
BOBBY: Chattels... should put that in upper cases
chattels: What I have always judged as a 50 / 50 chance in the nearer term and a good / better chance in the longer term has changed.
chattels: ‹@BOBBY› I am not buying any more dinar and I question the advisability of anyone purchasing any more dinar under these circumstances if they already have some.
Sam: ‹@chattels› ‹@chattels› been out what is going on
Sam: judged as a 50 / 50 chance in the nearer term and a good / better chance in the longer term has changed. chattels: ‹@BOBBY› I am not buying any more
chattels: ‹@Sam› CRISIS IN CONFIDENCE PERSONALLY - SCROLL UP FOR RECENT HISTORY AND DISCUSSIONS
Sam: tried only went so far
chattels: ‹@Sam› CLICK ON HISTORY AND YOU CAN GO BACK TWO HOURS OR TWO DAYS
Sam: how far back
chattels: AT LEAST TWO HOURS
BOBBY: sam... credit rating came out B- Negitive info attached to it ..... long and short of it
Sam: about Fitch
BOBBY: Sam yes
chattels: ‹@Sam› wealthwatch.world/showthr... HAS MY PART IN IT TO SOME EXTENT
Sam: so this article is putting this investment in jeopardy...the skinny of it
Sam: got it pulled up will attempt to read it later
BOBBY: sam....... read the article and form your conclusion
Donnie: Iraq cleric pushes anti-corruption fight as protests flare Reuters 1 hour ago
Donnie: BAGHDAD (Reuters) - Iraq's top Shi'ite Muslim cleric called on the prime minister on Friday to "strike with an iron fist" against corruption, as fresh anti-government protests erupted in Baghdad and Basra.
Public anger at power cuts as temperatures soar past 50 degrees Celsius (122 Fahrenheit) and mismanagement of other services has triggered big protests in recent weeks in Baghdad and the southern oil city of Basra.
Sam: and now chattels feels we are even farther off than once thought
Donnie: read more - news.yahoo.com/iraq-cleri...
chattels: Every one must make their own decision and choices, but I feel obliged to speak up / out given my public profile in these matters over some time now.
Sam: ‹@chattels› and you know that i have always thought highly of your opinion
Sam: it seems that the downward slide of the past few days/weeks has now become an avalanche
chattels: I may be entirely wrong. No one should act upon my advice or counsel.
Donnie: ɹɐuǝǝp uǝ,ʞuıʇs ǝɹoɯ ou buıʎnq ʇou
sczin11: I AM A LITTLE CONFUSED.... HOW OR WHY DOES THE CREDIT RATING, HAVE A DIRECT IMPACT ON THE INCREASE IN THE VALUE OF THE DINAR...
IRAQ HAS REVALUED SEVERAL TIMES WITHOUT A CREDIT RATING...MANY COMPANIES, BIG ONES, HAVE BEEN INVESTED IN IRAQ FOR A LOT OF YEARS, WITHOUT A CREDIT RATING...
DO YOU ALL THINK THEY WILL PULL OUT? FOLLOW THE MONEY
Sam: ‹@sczin11› i am glad you are only a little.... lol
sczin11: ‹@Sam› ONLY A LITTLE WAT? YANGish.
chattels: ‹@sczin11› For me it is totality of present circumstances and developing thought over some time. The observations in the credit report give me great pause coupled with many other considerations.
sczin11: THE FACT THEY GOT A CREDIT RATING FROM ONE OF THE THREE MAJORS AT THIS TIME IS HUGE...
Donnie: i've read a lot about the Silk Road and Iran and both seem to be moving/advancing along real fast. Will they move past Iraq in developing??? I Don't Know.
BOBBY: sczin11... i am a little confused how you can overlook the details also listed in the report issued on your site
chattels: Each to his own, i have spoken my mind.
sczin11: ‹@BOBBY› IT IS NOT MY SITE, FIRST.... SECOND I AM NOT OVERLOOKING ANYTHING..I CLEARLY TAVE ALL CONFLICTING INFO IN CHAT AND THE FORUM, RE THE BANKING SYSTEM..WITH LINKS
sczin11: THE OIL PRICES CLEARLY ARE ALL OVER, FROM ONE REPORT TO ANOTHER
Donnie: I'm keeping my ǝʎǝ on Iran and the Silk Road :)
sczin11: SHEEL STILL THERE
sczin11: LUKE OIL STILL THERE
sczin11: EXXON MOBIL STILL THERE
sczin11: HALIBURTON STILL THERE
sczin11: AND SO ON AND SO FORTH
sczin11: EVERYONE IS ENTITLED TO AN OPINION, ESPECIALLY IF BACKED UP
chattels: Let me be clear, I am not challenging anyone, I am just being me for better or worse. We all have to account to and for our own selves.
BOBBY: sczin11... i worked on the pipelines over there , i know who is over there
sczin11: BUT TO TRY AND STATE FACT, WHEN WE DONT KNOW WHAT WE DONT KNOW...IS CARELESS
BOBBY: i am commenting on the info posted on this site
chattels: Fact : I am not buying anymore dinar for the reasons stated. Period. Fact : Everyone should decide for themselves.
sczin11: ‹@BOBBY› WAT INFO ARE U REFERRING TO?
sczin11: I CERTAINLY POSTED AN OPINION, AND BACKED IT UP WITH QUOTES AND LINKS.???
BOBBY: copies of the credit report were posted on this site eailer
sczin11: ‹@BOBBY› AND.....
BOBBY: along with the reports comments and speculation s
sczin11: ‹@BOBBY› WHERE DOES THE CREDIT REPORT STATE THE EXCHANGE RATE CAN NOT BE IMPROVED DUE TO THE CREDIT RATING..
BOBBY: szin11 WERE DOES IT
sczin11: ‹@BOBBY› IT DIESNT, HOWEVER, HISTORICAL EVENTS LIKE THIS HAVE OCCURRED WITHOUT CREDIT RATINGS AS WELL...
NUMBERS: ‹@chattels› WHAT WAS THE REASONS I MISSED THEM
BOBBY: so corruption, ISIS problems etc etc dont play into it at all ?
sczin11: ‹@BOBBY› NOT WAT I SAID AT ALL...AS LONG AS U BROUGHT THAT UP, HOWEVER, I HAVE STATED MY OPINION MANY TIMES..THAT BEING CORRUPTION IS NOT A NEW PHENOMINA
BOBBY: no it is not at al......it is a realty over there.
chattels: ‹@NUMBERS› Please read the history. I am not able to summarize the facts as I perceive them or my sentiments at present.
BOBBY: and a glaring one on that note
sczin11: ‹@BOBBY› AND ONE THAT WILL PROBABLY ALWAYS BE IN THE ME..HAS FOR MANY YEARS
BOBBY:what is a fact.... another one is it is in the way of progress.... stated many times by Abadi himself
BOBBY: cant build a house on a bad foundation
BOBBY: political instability, security and corruption are a bigger deterrent then a bad credit rating,
OOTW: ‹@BOBBY› I DONT SEE DISCUSSION OR CONJECTURE - TRYING TO DISSECT THIS INFORMATION AS A SWEEPING OR FIRM OPINION ONE WAY OR THE OTHER
OOTW: WE'RE HERE TO LEARN TOGETHER
OOTW: WE'RE ANALYZING THE ARTICLES VS THE INFORMATION FROM FITCH'S SITE VS BOND INFORMATION
BOBBY: OOTW i agree... was confering with sczin11
MzDiva: im just sitting back bcuz im all confused here
OOTW: ‹@MzDiva› LOL
MzDiva: ‹@OOTW› im looking at the screen like :blink: :blink:
BOBBY: OOTW.. There are already guru s putting a spin on this whole credit rating issue.... check dinar gurus site
MzDiva: okay break down this credit rating and tell what does one have to do with the other will this give Iraq a currency rate or what
BOBBY: not my intention to cause any trouble... i am sorry if it is taken that way
BB824: one negative statement in the news and people freak out
sczin11: ‹@BOBBY› NO WORRIES...GOOD DEBATE N DISCUSSIONS
BB824: It's iraq you learn to take it in strides
BOBBY: sczin11.... i welcome the debate..... i will respect your views
Comments may be made at the end of Part 2 Thank You