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jonmac (08:42:44): so KSD, did Med ever answer the last question on the chat you posted, about the viability of this investment in the next 5 years?
ksdunlap: let me go read back jonmac & see
ksdunlap: not that I could find jonmac
jonmac: thanks for looking. I guess I will assume he thinks it is viable.
38CABO: i would say the viability of this investment in the next 5 years is
(that was all he said)
Med (09:03:36): NO I NEVER ANSWERED IT I NEVER SAW THE ?
38CABO: i was baiting the answer is
Med: ON VIABILITY IN 5 YRS I AM ON A 10 YR PLAN 5YRS IS TOO LONG FOR ME I THINK VIABILITY IS 3 YRS OR LESS
38CABO: without a tradeable currency the tourism industry in iraq is not going to take off as expected
Med: AND HERE IS A MAJOR PLUS UNLESS THEY ARE GOING TOTALLY ON SOCIAL WELFARE WHICH HOW CAN THEY I MEAN REALLY 3 MIL BPD FOR 30 MIL PEOPLE
Read More Link On Right
38CABO: and not all of that is exported
jonmac: thanks for clarifying that, Med. And that is because of the turmoil at CBI and the government there?
Med: FIRST THE TURMOIL AT CBI REALLY DOESNT SEEM TO BE TOO MUCH OF AN UPHEAVAL YES THEY FOUND CORRUPTION IN THE RATION CARD BUSINESS BUT YOU KNOW WHAT
THEY KNEW THAT THE PEOPLE WHO THEY HAD DISTRIBUTING THE ITEMS WERE CHEATING PEOPLE FOR SEVERAL YRS AND NOONE GAVE A CRAP NOW ALL YOU HERE IS THE PEOPLES MONEY THE PEOPLES MONEY WELL IF IT IS THEIRS WHY DONT THEY GET ANY
38CABO: good point
Med: MALIKI WAS GOING TO MAKE A CONTRACT WITH THE RUSKIES FOR 4.2 BILLION USD FOR WEAPONS IT COST 3 BILLION TO PUT POWER IN IRAQ SO WHAT IS MORE IMPORTANT TO MALIKI
Med: THE WEAPONS ARE NOT FOR DEFENSE NOONE IS LINING UP ON THE BORDERS TO ENTER TO GAIN CONTROL OF A COUNTRY IF YOU KEEP THE MAJORITY IN POVERTY SCROUNGING FOR FOOD AND WATER HOW MUCH STRENGTH AND EFFORT OR RESISTANCE IS MALIKI GOING TO GET
38CABO: very little
Med: THAT WAS JUST AN OPINION NOW BACK TO THE DINAR
38CABO: i think your spot on
Med: THE IMF WANTED THE RATION CARD GONE IN 09 WHEN WE STARTED THIS SITE SHABIF HAZIZ A FEMALE MP CAME OUT AND SAID CANCEL THE RATION CARD REVALUE THE DINAR NOW AND LET THE IRAQI PEOPLE BRING THE COUNTRY OUT OF IT'S ECONOMIC WOES
SHE SAID THAT THE IRAQI PEOPLE WILL SURPRISE THE GOI
WE ALL KNOW HOW GVTS ARE THEY ALL THINK THAT WE ARE LIKE LOST SHEEP WHO NEED A HERDER IT IS THE SAME ALL OVER CEPT IN IRAQ THE HATRED FOR ONE ANOTHERS DIFFERENT SECTS IS SO PREDJUDICIAL
38CABO: but when the people do it .... the goverment looses control
jonmac: Sectarian Islam is not exactly a deomcracy-friendly culture
Med: NO IT IS NOT JM NOT AT ALL A COUPLE ISSUES CHANGED AND IT COULD HAVE ELIMINATED MUCH OF WHAT IS HAPPENING FIRST TERM LIMITS FROM THE GET GO AND NO FRIGGN LOOPHOLE BANDING TOGETHER POST ELECTION
MAJORITY RULES THAT IS IT SAME AS HERE THIS IDEA OF A UNIFIED GOVT IS A JOKE THEY ARE NOT A UTOPIA FIRST THEY NEEDED TO GET OVER THIER HATREDS FOR EACH OTHER
38CABO: both here and in iraq ... the profit must be taken out of politics
Med: THEN THEY COULD WORK ON THAT FOR SURE YOU KNOW IT WOULD BE SO EASY AND SO FAST TO TURN IRAQ AROUND I MEAN IRAQ COULD BE A BOOMTOWN COUNTRY
Med: IN MONTHS LITERALLY RAG TO RICHES
38CABO: i agree like you just said rv the dinar put it in the peoples hands
Med: OH I GOT OFF TRACK LET ME SWING BACK ON THE HIGHWAY LOL
stlou: Route 66?
Med: THE IMF WANTED THE RATION CARD STOPPED
Med: THEY DONT WANT ANY SUBSIDIES THEN THE ONLY WAY TO COUNTER THAT LOSS SINCE THE DINAR CANT BUY THAT MUCH IN FOOD GOODS AND ESSENTIALS THE DINAR WOULD HAVE TO BE INCREASED IN VALUE TO COMPENSATE AND THEN GET INTO A FULL BLOWN MARKET ECONOMY
WE ALL KNOW OIL IS GOING TO BE A MONEY MAKER BUT IT IS NOT GOING TO PUT PEOPLE TO WORK IN THE NUMBERS NEEDED TO COMBAT POVERTY I DONT KNOW IF YOU ALL HAVE NOTICED IN THE MORE RECENT ARTICLES MENTION OF A DENOM THAT IS WORTHLESS TO CARRY AROUND ANYONE CAN THEY GIVE ME THAT NOTE HOW MUCH
jonmac: 250 500
Med: YES THE 250
jonmac: I win a 250 dinar note!!
Med: SPECIAL ATTENTION AND MENTION SEEMS TO BE GOING TO THE 250D NOTE AND IT IS ONLY WORTH PENNIES WE NEED TO FOLLOW THIS ALSO I WILL BE SURPRISED IF SHABIBI EVER RETURNS EVEN THOUGH HE MAY NOT HAVE PARTICIPATED
jonmac: happened on his watch
Med: YUP EXACTLY
38CABO: could be
Med: IT SHOWS POUR JUDGEMENT ON THE QUALITY OF PEOPLE AT CBI
38CABO: he has said it himself
Med: I WILL SAY THIS OK I DONT EXPECT THE DINAR TO REMOVE THE ZEROS FROM THE CURRENCY (NOW I SAID CURRENCY) BEFORE JULY
38CABO: but from the nominal value prior
Med: BUT I THINK THEY WILL WORK ON SLOWLY INCREASING THE VALUE AND NOT 4 PIPS AND CALL IT 4% THEY NEED TO IMPROVE THE VALUE AGAINST OTHER FOREIGN CURRENCIES
THIS IS IMPORTANT MORE THAN ANYONE SEEMS TO REALIZE IF IT CANT HOLD ITS VALUE MANO VS MANO WE WILL BE SITTING PAST 5 YRS WELL I WONT
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