Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch OOTW / Sczin11 & Butifldrm 2-1-16 Part 1 of 2
TheCatInTheHat: Hey guys, anything new. Heard the CBI site has changes to it. But I don't see anything new
TheCatInTheHat: Oh and can we open a Swiss acct?
*SCZIN11: ‹@TheCatInTheHat› there is a direct link on CBI home page that takes you to a new CBI website that has extensive historical bank data and links to ISX and more-cbi homepage look on right side at orange box and click on it
Butifldrm: Hi Scizn :grin:
Butifldrm: I guess I need to take a looksy
*SCZIN11: ‹@Butifldrm› and read your email
*SCZIN11: ‹@Butifldrm› CONGRATS to you
Butifldrm: yes, just got home and was looking at other sites to see if they matched
Butifldrm: It's crazy we have been watching this rate for a while.
Butifldrm: I'm hoping that this is just a Typo
Butifldrm: cause when u look down it's on the page
SCZIN11: wat is a typo-wat I sent you yesterday
SCZIN11: ? *SCZIN11: I am sure it is
Butifldrm: I believe so cause the inverse rate is 0.0009 and that is correct
Butifldrm: they would have added another zero if that were the case
Butifldrm: Oh well Hey I'd like to talk about the CBI bond auctions if u have a minute
*SCZIN11: the iraqi poor are running to buy bonds at 8 per cent mayb while the iraqi corrupt are getting 18 per cent in the banks
Butifldrm: I know the article came out yesterday about the interest on deposits at 18%, but I doubt that is going to happen
*SCZIN11: and the cbi will sell more dollars the imports require
Butifldrm: I do believe they will try to sell bonds for a reasonable interest to the public which if successful will sterilize the Dinar from the economy
*SCZIN11: ok I am ready to b serious-wat would u like to ask discuss
Butifldrm: I'm discussing
Butifldrm: So I believe the citizens will have to repatriate their currency to the banks thru depisits
Butifldrm: I'm not sure without deposit insurance that is going to happen
*SCZIN11: ‹@Butifldrm› IF SOME OF THE RELEASES TODAY HOLD WATER, THEY WONT HAVE A CHOICE..DIRECT DEPOSITS OF PAY FR EXAMPLE
Butifldrm: Plus with all of the news about their sovereign debt crisis. I'm not sure If I lived in Iraq, I would buy these bonds
Butifldrm: Ok tell me
*SCZIN11: THEY HAVENT BEEN ABLE TO SELL THEM IN SEVERAL PRIOR ATTEMPTS SINCE LAST OCTOBER...WAT IS DIFFERENT NOW
Butifldrm: These bonds are different They are internal‹@*SCZIN11›
*SCZIN11: WOODS POSTED ALOT OF RELEASES TODAY...PAY BY E-DEPOSIT, WAS MAJOR NEWS
Butifldrm: They have never tried to sell these bonds begore
*SCZIN11: ‹@Butifldrm› INTERNAL MEANING COATED WITH LOVE FROM THE HEART?
*SCZIN11: INTERNAL= IN COUNTRY, DOMESTIC...NO.???
Butifldrm: No for months the CBI/government has been trying to sell international bond unsuccessfully because of the B- junk bond credit rating
Butifldrm: These sound in country
*SCZIN11: THEY HAVE TRIED IN COUNTRY SEVERAL TIMES..THEY WERE LOOKING TO SELL 2 BILLION
Butifldrm: No these are different
Butifldrm: These are meant to bring in Mattress money
*SCZIN11: 2 BILLION IN COUNTRY AND THEN THEY WITHDREW THE 5 BILLION FOR INTERNATIONAL DISTRIBUTION DUE TO CREDIT RATINGS
Butifldrm: Ok maybe I missed that
Donnie: regarding the added link to the CBI website - if you took time to look at the data you'll see it 6 months - 12 months old. No current data that I can see. I did not check every link though but the 8 I checked were not current.
*SCZIN11: I STILL SAY, THEY HAVE TRIED TO SELL IN COUNTRY BEFORE, AND THE MATTRESS MONEY IS IN THE HANDS OF THE CORRUPT...THE AVG CITIZEN HAS NO MATTRESS MONEY IMHO, I DONT CARE WAT ANYONE ELSE SAYS
*SCZIN11: ‹@Donnie› DATA IS THRU 2014 THAT I SAW
Donnie: some through May 2015
*SCZIN11: ‹@Donnie› IT IS STILL NEW INFO THAT WAS NOT ON THE OLD SITE, AND THEN YOU HAVE NEW LINKS LIKE TO THE ISX
Donnie: definitely an improvement!!
Butifldrm: The most important data from that site is that the majority of the currency in Iraq is not in the banks and thus this reason to sell bonds internally‹@Donnie›
*SCZIN11: ‹@Donnie› AGREE
Butifldrm: Hey guys I'm pretty sure this is all about transparency
Butifldrm: Brb Ph
*SCZIN11: ‹@Butifldrm› IF THEY USED SCOTCH TAPE THERE WOULD BE TRANSPARENCY
*SCZIN11: ARE THEY TRYNG TO WEED OUT THE MONEY FROM THE CORRUPT?
Donnie: in Iraq a Dinar is a Dinar before RV and after. No change until iraqis exchange it for USD and why would they exchange the Dinar when everything in Iraq has to be bought using Dinar? The best they can hope for is lower prices on the goods they buy in country
*SCZIN11: ‹@Donnie› THAT IS ABSOLUTELY CORRECT..THE RESULT OF THE INCREASE IN PURCHASNG POWER, WOULD BE LOWER COSTS OF GOODS TO THE CITIZEN
Butifldrm: I'm talking about that new link at the CBI ‹@*SCZIN11›
*SCZIN11: Ooooooo THE NEW LINK TO THE DATA..THE DATA IS ABOUT TRANSPARENCY.. .? THATS WHAT YOU ARE SAYING?? LOL
Butifldrm: Yes of course
*SCZIN11: COULD BE, BUT WHY THE LINK TO THE ISX?
Butifldrm: That's a great question then that leads to Warka
*SCZIN11: AND WHY THE NEW SITE? WHY NOT JUST ADD THE SCOTCH TAPE TO THE CURRENT SITE
*SCZIN11: I MEAN THE DATA TRANSPARENCY, LOL
Butifldrm: It's all about keeping up appearances since they need to borrow MONEY
Butifldrm: Sad it's over a year old data. Lol
*SCZIN11: ACHA.... WARKA...... INTERNATIONAL MONEY EXCHANGES...E-BANKING....VIP LOGIN AND REGULAR PEOPLE LOGIN SITES...HMMMMMM...CAN YOU TRADE ON ISX USING WARKA NOW. .
WHY THE HUGE VOLUME INCREASE YESTERDAY WITH NO INTERNATIONAL CROSS TRADES OR OTHER BLOCK TRADES
Butifldrm: And guess what the trades went up Sunday about Three times
Butifldrm: Record day for the ISX
Butifldrm: Articles are in the forum
Butifldrm: I'm on ph cooking sorry can't pull them
*SCZIN11: ‹@Butifldrm› THAT IS WAT I AM REFERRING TO ABOVE
*SCZIN11: ‹@Butifldrm› WATS FOR DINNER
Butifldrm: Chili stuffed baked potatoes. Lol
Butifldrm: I'm crying right now. Cutting onions. :whistling:
Butifldrm: Anyway. The move to the e-dinar will make it harder for the government employees to hoard money
*SCZIN11: ‹@Butifldrm› I AM CRYING NOW TOO....CANT PAY MY BILLS...LOL
Butifldrm: For us it's a good move
*SCZIN11: ‹@Butifldrm› JUST SAYIN.... MOST GOVT EMPLOYEES, NON CORRUPT, LIVE HAND TO MOUTH OR LOWER....
Butifldrm: Well dang don't worry Bernie Sanders is going to send us all a check. Lmao
*SCZIN11: NOT TRYING TO BE ARGUMENTATIVE...JUST MAKES LITTLE TO NO SENSE TO ME...
Butifldrm: If ALL government employees are going to be paid electronically it going to make them open accounts
Butifldrm: I still think the key is deposit indurance
Butifldrm: Both. Lol
Comments may be made at the end of Part 2 Thank You