Dinar Speculator Chat: What's A PetroDinar? Part 1
Charlie well lets get down to a little bit of business
Charlie i love to see the energy in the room
gigi3 Ahhh, yes... business.
Charlie it's amazing how much we have in common yet how little we really know each other,
gigi3 You bring the energy, Charlie!
Charlie yet how much we DO know each other
Charlie thank you gigi and aj
Charlie it's humbling
48hotrod Charlie, I hate to be the one to say it but I think you have spoiled us with your presence and insightful conversations - we were hoping for a show the past 2 nights -- lol -- I think I can speak for most and say we hope we have not worn you out and you are taking care of yourself - (L)
Jade Only from the insanity at the beginning of chats!!
Charlie i do apologize so much -- i push myself too much
Charlie lots of work in my life
Charlie hotrod, i want to spoil you all even more tonight
Charlie not that i'm anything special
Charlie i spend a lot of time alone during the day
Charlie i do a lot of driving so you can only imagine how solitary it gets, yet i think about all we are doing, i listen to a lot of podcasts
Charlie i even got some equipment today to test so i can podcast
Charlie maybe even while i drive!
48hotrod woooowhooo KS shake a tail feather have fun!! (L)
ksdunlap thats cool Charlie
Charlie we talked about a very new concept here this week called the petrodinar
gigi3 Wow! Charlie. Pretty slick!
48hotrod yeah Charlie -- get up there with the big boys and new toys -- we are ready here with a hunger & thirst
Charlie well the idea struck me in my days of researching the petrodollar
Charlie probably not a new idea, but in terms of its application to our investments, i thought it was quite original
gigi3 We DO appreciate all your efforts on our behalf, Charlie.
Charlie you guys are awesome, making me smile alot
ksdunlap yes we do
gigi3 Sorry... no more inturuptions from me tonight.
Charlie well the petrodinar concept struck me in an moment of absolute doubt and discouragement
Charlie you guys and gals never interrupt
Charlie we have all gone through those moments, where everything is totally dark
Charlie and as soon as it came, it left a footprint on my mind
Charlie i tucked it away, thinking: that's never happening, we live in a concrete world where things really don't change
Charlie fast forward
Charlie i was fed a stream of information that showed me that things are changing so much more rapidly that we can imagine
Charlie again, i go back to a chat about two weeks ago where the US was fighting against the establishment of a "china bank" like the IMF then POOF, the US joins, against all of its own criticism
Charlie i know i've repeated this, but it truly is amazing, more than most of us really understand, because the ramifications are extraordinary
Charlie it simply goes to show that change is upon is ways we cannot imagine
Charlie now lets delve into the concept of the petro dinar
Charlie we mention a basket while this is powerful, it's not logistically efficient
Charlie it would be creating a middle eastern euro
Charlie anybody want to give it a name?
Charlie i don't know, a dinaro?
Charlie i don't see this actually happening for several reasons:
Charlie 1. the failure of the euro sets precedent
Charlie 2. the middle eastern countries, don't have the same dynamics
Charlie culturally it appears so, but there are walls
barryny middle east takes sides....****e...sunni
Charlie economically, you might think so, but the opportunities lie outside of the ME in consumer markets,
Charlie 3. they simply don't trust each other
Jade and then the Iraqi shiites refuse to fight for Tikrit if USA is involved
barryny for 1,000 years
Charlie yes barry and jade its very deep rooted
Charlie so then what are the options?
barryny would iraq be better off with 3 states within the Republic?
Charlie quite possibly
barryny iran/syria/lebanon = ****e
Charlie from a standpoint of currency...
barryny saudi arabia/UAE/Kuwait/etc = sunni
Charlie i would say we will never see another petrodollar, BUT
Jade and oil moneys split
barryny iraq = the best blend of all
Charlie the petrodinar from iraq would be very powerful for iraq
Charlie or a petroriyal
barryny they could be the lynchin of the entire region!
Charlie or a petrorial
Charlie these are all local currencies in the ME
Charlie the US is vast and wide
barryny if i had the hard resource - you should buy it on my terms...my currency!
Jade just got notice of more wells being drill in Ill.
Charlie iraq is about the size of texas
Charlie it does not need to be the global OIL CURRENCY to see the same benefit of the petrodollar
Charlie so if we scale down the size of iraq, it could have the economic effects of a petrodollar just by selling oil in iraqi dinar
Charlie now this all sounds crazy to some, but the petrodollar is a template that many would love to emulate
Charlie surely this kind of idea with US missiles pointing right at you seems ludicrous
Charlie but change is happening
Charlie it is happening fast
Charlie i honestly do not believe 2016 will be like 2015 and i have not lived 2015 yet!
Charlie and what i mean is that our world is moving at supersonic speeds into the future
Charlie it's like being in a time warp
Charlie i've never in my life seen anything like this and i've been around for quite some time
Charlie since 2008 things have not been the same
Charlie yes and no
Charlie yes, he ushered in a new era of "hope and change" <--- LOL
Charlie hope decided to stay home
Charlie of course, politicians say what they want to get elected
Charlie but the world did change when the dollar was exposed
Charlie quantative easing (QE) was instituted to buy some time
Charlie qe allowed the markets to recover
Charlie so much new money with no where to go
Charlie it also created BIGGER problems
Charlie money with little interest seeking high yields like junk bonds
Charlie ironically, in the oil industry (shale) that was tabbed to save us
Charlie what does this all mean?
Charlie it means the banks are in trouble and will start seeing it real soon
Jade We're facing a kick in the teeth?
Charlie and a stomp on the head
Charlie they changed the laws to make sure of that
Charlie now don't go rushing to buy all the cans of tuna in your supermarket
Jade Like how much taxes we'll pay?
Charlie the options are limited but higher taxes is at the top
Charlie the polititicians will make every move in the book
Charlie but the bankers will always call the shots
Charlie since 2008, they have been finding ways to protect themselves
Charlie they saw the end game
Jade We have to find non-fed banks to deal with!
Charlie the stock market is a FOOL'S GAME right now
Charlie yes, jade, a good local bank with no ties to the system is good
Charlie but the ultimate dilemma will be the dollar itself
Charlie i can't cover every single base in a chat
W8n2cashin scary thought
Charlie we need to get to the grains
Charlie we need to see things simply for what they are
Charlie why all this talk about the dollar?
Charlie well it's currently what controls the dinar
Charlie you cannot separate the two
Charlie iraq can, and i believe it will
Charlie but focus on the main actor
Charlie the dollar is being undermined as we speak
Charlie the petrodollar is the soft underbelly to our ENTIRE ECONOMY
Charlie we left gold, we went to oil - plain and simple, anyone who wants to argue that point will argue history--it's been 40 years since
Charlie but all good things come to an end and if it doesn't end its because missiles will fly
Charlie i doubt that 99.9999% of our countrymen understand what i just said
Charlie i'm not saying you are privileged, but if you understand this, YOU ARE
Charlie OIL OIL OIL WE OWN IT in a different way
Comments may be made at the end of Part 2 Thank You