Millionday News 6/7/14 Part 2
Welcome To Satruday Night News Time With Millionday!
mimi] Did I understand right when bgg said he doesn't believe that they need a higher rate to trade for the isx but MD believes they do? Or did I miss hear on the call the other night?
[millionday] i only know what my opinion is -- this is the thing with my thinking is that they are trading on the isx right now -- in country --- however to hook to the global market the dinar is their largest and all countries largest product -- it will be priced at its value -- however it shall be it will be its true value as all items and shares --- or they wont have a market --
[kenster] Would it not be financial suicide to enter the global market at 1166...? Would it not be a disaster?
millionday] it would wipe them out in my opinion
[kenster] Thank you. That was my thoughts!
[mimi] OK great thank u so much!
BGG] mimi - I don't think I have said that...if that is the impression I gave - let me clear things up.
[mimi] Oh I wasn't saying u said that for sure...I was asking if I misunderstood is all..
[awesomedtl] BGG phew please do lol
[BGG] generally I have not commented much on the subject. However,
[BGG] If it is (the Dinar and ISX) going to be internationally traded commodity - the market will take care of itself.
[BGG] we won't have to worry about the value.
BGG] which is the whole point to a "globally accepted / traded" commodity.
[millionday] i agree -- the price will only sell it if it is the fair market value
[mimi] OK. ..so because they r so valuable it will adjust quick...?
[millionday] no it will be set for market
[BGG] I have a tough time with the notion of an artificial rate being globally recognized.
[millionday] i agree more like globally humorous smile
[mimi] OK so possible float from x value?
[awesomedtl] the crowd goes wild!!!!! lol lol
[millionday] thanks bgg good to see ya our friend
[jtank] now with that being said
[BGG] On the other hand - exactly what incarnation this short walk looks like - is another story.
[BGG] there are a number of possibilities...
[millionday] mimi i read that they may float it at a managed float for six months from the set value -- that means 2% one way or the other
[TxBrand] but how is it not globally recognized... ? its on forex right ?
[millionday] and i read they will set the price and it will hold for six months
[jarhead] Omg really
[mimi] OK well I'm not too worried how it starts as long as it does..
[millionday] i read it will float from the beginning from the reality rate -- that i totally disagree with
[jarhead] This is like gargling peanut butter
[millionday] but we will have to see either way a price for the product (dinar) will be set
[BGG] TxBrand - OK - ask yourself why Iraq and India had to make a direct exchange agreement between themselves??
[mimi] Jarhead lol omg that's so true!
[millionday] because they are going to use the rupee to trade with the dinar and raise the value of both
[jarhead] It's true
[millionday] they were f
[jarhead] Time to invest in da ruple
[millionday] what do you think bgg
[awesomedtl] whoooppp im fallin also lol lol
[blossom] jarhead lol
[jtank] buy low
[mimi] I need the money from the dinar to make my next investment..
[BGG] if the Dinar were all that "internationally recognized" why the need for a "special deal"?
BGG] that is the point of my question.
[millionday] BGG exactly -- and why the shock?
[millionday] the globe was shocked it was not done in USD
[dovi] BGG millionday you're talking above my head
[millionday] we of course loved it
[mimi] OK one more ?
[millionday] sorry we will sit down
[awesomedtl] is it cuz they are ready to revalue in you opinion
[rod86018] heck no, happy dance..
[mimi] So if a "artificial" Rate won't work for trade...can they make the real rate anything at all? Even 1166?
[millionday] awesomedtl sneaky one
[awesomedtl] lol lol
[mimi] And how would we know if it changed if they do that? Sorry so dumb
[millionday] mimi no -- it will be a reality rate calculated as the international community and economics requires
millionday] it is required to be internationally recognized and is required to be internationally recognized to be on the global market -- hmmmm
[blossom] so are other currencies such as the rupee going at the same time?
[millionday] blossom --- no we are just saying that the deal of trade that they were allowed to do was with rupee and a private agreement because the dinar was not internationally recognized yet
millionday] here we go two together so give me a sec this is good
[millionday] The president of the House of Representatives Osama Najafi, the penetration of large cities grave responsibility borne by the government,
calling for measures and actions of all proportion to the size of its seriousness, it should not be carried out this operation, but effective intelligence effort and a great effort by the armed forces.
Najafi urged the political blocs to unite in efforts and intentions and fight any sectarian strife occur as a result of these operations, with the insistence on confronting all terrorist forces and obscurantism that are trying to drag Iraq into civil war devastating.
[millionday] Najafi blaming the gov for all the security issues and deaths
[ROBINREDHED] millionday of course
[millionday] Nujaifi pointed out that the government has to manage the crisis responsibly and in a way reduce the chances of failure and failure which may cause cracking of the case and the security community and prevents the crisis into a civil war, especially since the country is at a critical juncture in its history, a political formation of the next government.
[millionday] right -- now here comes the real of course -- you wont believe it here we go
[millionday] Announced the House of Representatives, Wednesday, for the decision of the Federal Court refund charges made against him and to the President of the Council Osama Najafi, and the board of his presidency, and suits made against them by Prime Minister Nuri al-Maliki,
because of a failure to approve the budget.
She said the chairman of the parliament in a statement that "these accusations presented to the Federal Supreme Court, which has cold suit Maliki by its resolution number 31 / federal / 2014,
and saw that the head of the House of Representatives has fulfilled its obligations constitutional and included budget bill several times on the agenda of the Council, but not to establish a quorum to hold hearings is what prevented the enactment of the budget.
millionday] note -- federal charges against Najafi
[millionday] said the Council in its statement that "the government is delayed in sending the bill for nearly 100 days from the deadline set by law, and when they arrived,
the budget was loaded with many of the crises and problems phase of the government to Parliament, without including the final accounts contrary to the constitution, as proved correspondence subsequent official with the General Secretariat of the Council of Ministers the absence of a decision reached unanimously on exchange outside the budget.
[jtank] A JOKE
[millionday] It is noteworthy that Prime Minister Nuri al-Maliki, launched a speech televised on March 5, 2014 before the last parliamentary elections a scathing attack on the House of Representatives, accused the President of the House of Representatives and the board of his presidency and the group did not identify in the Council as collude on the state, and made the biggest plot by disabling the budget,
calling the council he had lost his legitimacy and violating the constitution and became a managed like a row elementary as he put it, affirming a decision by the Council of Ministers unanimously on March 4, 2014, being on the Kan exchange outside the budget.
[millionday] huge huge wow pressure for sure
[millionday] i would not like federal charges in any country but for sure not Iraq
[golfmanone] Maybe not a joke
[millionday] not a joke really
[jtank] Ms charges--
[millionday] very bad news and needs to show up with his license to get out of it or i mean the budget smile
[awesomedtl] so where does that leave us does this delay everything??[millionday] no this puts pressure on everything blossom] is this bad news for us also or good news maybe I do not understand?
[millionday] this is great and i mean great news lets close this up with newstime right now --- that is all i have -- let me say one more thing -- everyone needs to read the shabibi plan that is on cbi