http://www.dinarrecaps.com/our-blog
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Sovereign man Notes From The Field By Simon Black
November 12, 2015 Santiago, Chile Meet the entire town in Wales that went ‘offshore’ |
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Morning News & Comments with BondLady 11/12/2015
Pictures .. 50 thousand new category dinars in Iraqi currency Wink [tlm724] good morning BondLady !! Nice to see the 50 k note pics ! thank you again emmaduke !!! [BondLady] I know some people are a bit freaked out about the 50 k note but its Iraq they are backwards compared to us, but their doing what they think is best for their economy not ours [emmaduke] welcome again! [tlm724] I am so glad this image of the notes came out so soon, several other forums were making noises that since the CBI didn’t release a pic of it that it surely must be the 50 note, I am sure they are backpedaling today lol ~~~ [emmaduke] tlm724 I saw that lol
[rsp1] lol [bigdinaros] I was hoping for 50 000 FILS [tlm724] and *slap* them for not seeing that the CBI does tell and show us what they are doing most of the time [tlm724] bigdinaros *hallelujah* 
BondLady] just remember this when your thinking of the 50k…its there 50 dinar basically…this is their way to dedollarize, which is better than releasing a 100k… and it helps the keep inflation low…
helps Iraqis carry less money…stopping so much use of us dollars which has also been used an smuggled to help fund ISIS and money laundry…. forcing them at the same time to apply the anti- money laundry laws and it’ll also pull back into the CBI the smaller notes which will eventually raise the dinar exchange rate for us and more purchasing power for the Iraqi people IMO [bigdinaros] but instead we got 50 000 dinar [tlm724] well said BL !!! [rsp1] Sounds about right Bondlady [emmaduke] agree.. but they HAVE to remove other notes to equal what they are putting into the market [tlm724] emmaduke this 50 k note will help accomplish that [emmaduke] otherwise the money supply will be diluted. I agree… that is what they say they are going to do [tlm724] see what BL said ” it’ll also pull back into the CBI the smaller notes which will eventually raise the dinar exchange rate for us an more purchasing power for the Iraqi people” [therealbubbie] are they already using the 50,000 note in the streets ? [emmaduke] yup [tlm724] emmaduke do you know that for fact ? [emmaduke] oh..on forex…the dinar is the lowest I have seen it… at 1086.4 [emmaduke] tlm724 what’s that timmy? [therealbubbie] I’d like to buy one of them purdy notes ! [tlm724] emmaduke that the notes are on the streets or did I read that wrong [emmaduke] tlm724 yes they are [tlm724] therealbubbie me too, said that yesterday [emmaduke] tlm724 a few of the dealers have them for sale [therealbubbie] tlm724 *hallelujah* [tlm724] emmaduke sweet ! I’ll get some after the news then [therealbubbie] emmaduke who ! ? [tlm724] therealbubbie *hallelujah* [emmaduke] tlm724 the dealers in IRAQ! not here~! [tlm724] oh [emmaduke] sorry [tlm724] hmmm might to make a phone call then [therealbubbie] tlm724 I’ll buy the plane tickets !! lol [emmaduke] get one for me!!! [tlm724] I’ll let you all know if I can find any from a secret squirrel source [tlm724] therealbubbie *wolfwhistle* fly me to the moon lol [emmaduke] tlm724 please do [bigdinaros] can´t see how this 50 k will increase purchasing power, if you release smaller denoms then you have to raise the value for it to be worth something [BondLady] just releasing the 50 k won’t give them immediate purchasing power bigd that comes with pulling in the smaller notes they will use to buy the 50k notes INSTEAD of USD [BondLady] hope that helps you all and thank you ~~~ The central bank announced the imposition of fines against banks amounted to 400 billion dinars [tlm724] “established during the years 2012- and 2015, many of the cases to the competent Iraqi courts on banks and companies contrary to the instructions selling foreign currency in force [tlm724] thank you Rocky for posting that !
[tlm724] Parliamentary Integrity open an investigation into the files of corruption in the Trade Bank of Iraq [tlm724] so not only Huda Bank but Trade Bank too and many others will come to light very soon I am sure ! [tlm724] granted many loans without collateral or banking facilities and loans can not bank the prosecution of the other side legally in the event of breach of the contract with them, [tlm724] prolly gave loans to their cousins Suspect [tlm724] “In If proven corruption will be forwarded to the elimination of proven guilty [cat] yep [tlm724] so glad the CBI is stepping up to the plate and doing their job !! ~~~ Central Bank of Iraq issued Todhya procedures for cash and Ssayasth [tlm724] He said that in light of what has been asked of documents and information concerning violations of some banks and companies in the sale of foreign currency window, and try to suggest to the public Karim not to take any action that the bank in this regard, we would like to clarify the following: [tlm724] we went over much of this the last couple of days but look at # 3 [tlm724] 3. have been punished (426) financial institution non-banking sanctions (fines, alarm, alarm, deprivation of currency) sale and the withdrawal of permits and licenses for some of them a window with the imposition of trusteeship on four of the banks reached one of them to the filter end while the rehabilitation of other banks. [tlm724] have been punished (426) financial institution non-banking sanctions (fines, alarm, alarm, deprivation of currency sales [tlm724] and the withdrawal of permits and licenses [tlm724] more confirmation that the anti-corruption train has left the station !! [tlm724] *hallelujah* we have waited years to see this action, no more talk but ACTION !!! http://www.bondladyscorner.com/t154617-morning-news-comments-with-bondlady-11-12-2015 |
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Stage3Alpha:
N7734R: Good morning everybody. In the midst of all the positive news I’ve been hearing on the Dinar sites I got another one. One of my gym buddies is a customer service person at Wells. He has Dinar and has ordered Dinar and Dong for customers. Management has been telling him for years that it won’t happen and they don’t do any exchanges with Dinar or Dong and never will. Last night he told me a member of upper management mentioned that they expect that will change next week. I’m not going to get excited yet but this is the very first time I have had a face to face conversation with someone more connected than me. Grain of salt, anyone? TNT:
Iko Ward : 1089.5 at 7:18. Expect great things today. Bitsy Bigger : Thanks Iko! Do you think that will be the high for the day? Iko Ward : Bitsy…that’s what I’m thinking. By 10AM EST we’ll know for sure…… by 10AM we should know which way Forex is going to move today. UP=BAD DOWN=GOOD, Iko Ward : 1085 was a number put out by the experts back in Jan, 2014. It represented a trigger point for a great many things to happen. Seems to be still relevant. Bonds, lower denoms, certain contracts, etc. Iko Ward: Don’t sweat Forex yet, let’s see where it goes after the reset. All the other indicators are strong. PollySue: Good Morning has anyone seen the NEWS? 2 miles of oil tankers from Iraq coming to the USA….I think this is huge, for us! So does anyone else think this is big news? Houston: Yes, polly, I do! PollySue: to me it says it is done! Houston: Polly, I agree! ************ Samson: http://bit.ly/1HCDupJ published new image currency 50,000 dinars category Samson: Here’s another image of the notes : http://bit.ly/1MYV2ij Samson: http://bit.ly/1GYiGcv House of Representatives vote on the two bills and the decision and proceeded to read the General Amnesty Law Samson: http://bit.ly/1GYjmyt The arrest of the Director of the Rafidain Bank in Najaf and some of his staff on charges of corruption and sentenced to two years ************ Pygmalyn: This can only bolster their case for reserve currency status. China discovers undersea gold reserves estimated at $16.4bn 
A huge deposit holding at least 470 tons of gold has been discovered beneath the seabed of the East China Sea.
The largest deposit is located two kilometers below sea level in an area with estimated reserves of at least 1,500 tons of gold. It was discovered in the Laizhou city which has the largest gold reserves in China. More than 2,000 tons of gold has been found there recently. “It’s very difficult to locate and set up the drilling platforms at sea,” said Ding Zhengjiang, the deputy director of the Shandong Provincial No. 3 Institute. The project’s manager Zhang Junjin added that “drilling holes into underground rocks that are more than 1,000 meters deep is a big challenge while in China gold mine prospecting is normally conducted within 800 meters underground. The discovery of a gold deposit lying 2000 meters undersea provides the need for new drilling technology for future gold mining,” Zhang said. The marine prospecting took three years, and involved over 120 kilometers of drilling, with 67 sea drilling platforms and about 1,000 drillers and geologists. Earlier this year Beijing proposed deep seabed mining cooperation in Indian Ocean. China said India was an ideal partner in terms of the development of deep seabed mining. Both countries are the world’s largest gold consumers. In July China revealed a nearly 60 percent increase in gold reserves in the past six years, becoming the fifth largest holder of gold in the world. https://www.rt.com/business/321669-china-gold-seabed-discovery/ https://t.co/6F0kSqf6dkpic.twitter.com/tHLeqvNiKe — RT (@RT_com) November 6, 2015 Dinar Updates:
firefly Those 50k and 100ks will not be used by the citizens. IMO they will be used by the government. The lower denoms is for the citizens of Iraq. This is what we have been waiting for! ***************************** From Recaps comment Section: Martha: Fact, the first basket is out and moving. The Renminbi/yuan is out there being utilized. Fact-Chins is in control. The PTB who are abusing the banking system will be dealt with. Fact, the system is about to explode with money ,money and more money as the rates keep climbing. This can’t be kept quiet much longer. The banks want and need our business. We are in control of our destiny. What ever happened today won’t stop China for going forward. Too many fail safes in place with CIPS. The US is losing it’s control and now it is our turn, we the people to help in the clean up. We are really there and don’t let others bring you down with their negativity. |
Millionday Newstime 11/11/15 Part 1 of 211/12/2015 Millionday Newstime 11/11/15 Part 1 of 2
WELCOME TO MILLIONDAY NEWSTIME AT DINARUPDATES.COM quicktolegit96: TY FROM ME TO ALL THE VETS AND THE GROUP THAT KEEPS THIS SITE STRONG Millionday: House of Representatives on Thursday held its regular to vote on three bills, including freedom of expression and the law reads three other laws. According to a statement to the House of Representatives received by the agency {Euphrates News} a copy of it today that “the agenda of the meeting No. {36}
Thursday {12} November 2015 includes a vote on a draft freedom of expression and assembly and peaceful protest law, and vote on the draft accession of the Republic of Iraq Law to international rail agreement in the Arab Mashreq and the Protocols annexed to it, and vote on the draft property installed in agricultural lands and orchards excluded from the settlement of business law. Millionday: NOTE — VOTES >>>>EXPRESSION FREEDOM, ASSEMBLY AND PROTEST, IRAQI INTERNATIONAL RAIL AGREEMENT, PROPERTY DRAFTS FOR AGRICULTURE PROPERTY THAT IS NOT COVERED BY BUSINESS LAW IN PLACE Millionday: “” The agenda of the meeting also includes the second reading of the draft law to accept the armed forces and internal security forces and intelligence personnel the Iraqi National Congress and the National Security Apparatus in college, and the second reading of a bill defining the mandates of the three presidencies and the second reading of the draft private universities and colleges law. “He said” the meeting also includes a discussion of the Authority National to protect the peaceful coexistence and the fight against extremism and terrorism, adding that “the meeting begins ten o’clock in the morning Millionday: SECOND READINGS>>> ARMED FORCES AND INTERNAL FORCES AND INTELLIGENCE WITH NATIONAL APPARATUS IN COLLEGE — THREE PRESIDENT MANDATES — PRIVATE UNIVERSITIES AND COLLEGES—– THEY WILL DISCUSS NATIONAL RECONCILIATION AND THE FIGHT ON TERRORISM Millionday: BEGINNING AT 10 AM THEIR TIME Millionday: Baghdad announced the Central Bank of Iraq, Wednesday, for issuing a new banknote fifty thousand Dinars category, attributing this to the completion of the Iraqi Securities monetary structure and the development of high-class value in circulation, as he emphasized that it contains “structures against attempts at counterfeiting Balastantsak.” he said Bank in a statement received Alsumaria News, Millionday: NOTE — WE HAVE READ IN THE PAST THAT PART OF THE NEW CURRENCY PLANS INCLUDED A 50,000 DINAR NOTE — WHOOPOW PROGRESS Millionday: “it was issued banknotes category 50,000 thousand dinars dimensions of 65 mm width, 156 mm length, which is dominated by light brown except Framework decorations that took bold color,” adding that “the purpose of the issuance is to complete Iraqi papers monetary structure and the development of high-value category in circulation. “ Millionday: NOTE — A REPORT WAS OUT WHEN THIS WAS FIRST ANNOUNCED THAT IT WAS FOR STRATEGIC REASONS — OBVIOUSLY FOR SECURITY AS WELL — THEY HAVE BEEN SAID TO HAVE THE MOST ADVANCED SECURITY AVAILABLE Millionday: The bank said that “the banknote was printed using high-quality printing paper quality with a number of security and technical where the marks,” noting that “the face of the paper include schematic picture of a paddle wheel Euphrates and palm trees in the middle and a picture of a Kurdistan Falls.” Bank “The paper contains also security signs have been printed with ink Amonnatisa, in addition to the structures against attempts at counterfeiting cloning, “pointing out that” paper contains the marks for service Almkvovyin to know it in the form of a four horizontal straight lines, in addition to the watermark (horse’s head) with Millionday: NOTE — SECURITY Millionday: a Palm Assyrian half imprinted in the face of the paper and the other half in the back. “He said the bank” back of the paper will include planning for the Iraqi Marshlands image include reed house and a number of fishermen and a group of animals (buffaloes and birds) and a picture of a palm Iraq with Tigris and Euphrates rivers planning within the map of Iraq, “explaining “The banknote has been painted with paint visor so as to extend the life of the paper and protect it from dirt and dust.” The central bank had announced in 2013 its intention to issue coins small denominations of paper and other great categories written in Arabic and Kurdish. Millionday: THE EXPLANATION OF THE DESIGN WAS GIVEN THEN TOO AS IT WAS DISCUSSED IN GREAT DETAIL — THIS TOO WAS PART OF THE PLAN>>>>The central bank had announced in 2013 its intention to issue coins small denominations of paper and other great categories written in Arabic and Kurdish. Millionday: SO AS SOME CAN REMEMBER — THE KURDISH REASON WANTED KURDISH LANGUAGE ON THE NEW CURRENCY — MEANING ALL — SMALL — COINS AND LARGE Millionday: WHOOOPOW THIS IS HUGE AND GREAT NEWS MANY WHOOPOWS hermantowncars: so if the IQD comes to a new value of $3 then that new 50K note will be not usable to the average Iraqi at over $150,000.00 US. Only use would be between banks.. Am I correct? Millionday: THE US DOLLAR RATE WOULD BE ONLY APPLIED OUTSIDE THE COUNTRY — THE PRICES WILL DECIDE THE USE AND NEED OF SMALL DENOMS AND COINS ALONG WITH LARGE NOTES ETC WITHIN THE COUNTRY – BUT THE EXCHANGE VALUE TO ANY OTHER CURRENCY HAS NO APPLICATION TO THE ISSUING OF NEW SERIES EXCEPT THAT IT IS PART OF THE ECONOMIC REFORM AS IS THE GOAL TO GO TO A MARKET ECONOMY AND ALSO THE RATES FOR INTERNATIONAL RATES AND MARKET FIGURES , BANKING ETC 198R: did you get a chance to look at the question i asked you last regard paying in dollar instead of dinar? Millionday: 198 — YES I DID AND IT IS ANGER THAT IS BEING EXPRESSED DUE TO THE DINAR BEING THE CURRENCY AND ANY USE OF ANY OTHER IMPACTS THE FRAGILE BALANCE THEY HAVE AT THIS TIME DURING THE APPLICATION OF REFORMS — ETC Millionday: SOMEONE USED US DOLLAR TO PAY SOME AND THE IMPACT IS NOT GOOD AND IT IS AGAINST REGULATIONS Millionday: 198– MAKE SENSE HUN? 198R: yes it does thanks TexasProud: why would they wanna put out a 50,000 note if their planning to raise the value, ie RV Millionday: THEY ARE NOT JUST PUTTING OUT THE 50,000 NOTE ACCORDING TO THE PLANS I HAVE READ OVER MANY YEARS — THIS WAS DONE AS A ‘STRATEGIC’ MOVE IN THE REPORT I READ AND MANY OTHERS THEY ALSO PLAN TO RELEASE SMALL NOTES AND COINS BUT THE 50,000 IS MORE SECURE – MANY COUNTRIES HAVE AS PART OF THEIR CURRENCY SERIES VERY HIGH BILLS AS WELL — THEY ARE JUST NOT CIRCULATED ON THE STREETS FOR OBVIOUS REASONS OF GLOBAL PRICING ETC Millionday: MAKE SENSE ? TexasProud: interesting, thanks Millionday: PULL UP THE CURRENCY OF OTHER COUNTRIES AND YOU WILL BE SURPRISED OF THE DENOMS THE SERIES INCLUDE AS WELL
cjquade54: do you think the 50K and 100k HAVE A ROLE TO PLAY BEFORE RELEASING THE LOWER DENOMS? Millionday: I THINK THEY WILL ALL HAVE A ROLE TO PLAY BUT NOT NECESSARILY BEFORE THE RELEASE OF THE OTHER PRINTED SERIES Millionday: It declared the Iraqi Central Bank, on Wednesday, stopping four of the remittance processing companies in dollars, while not explaining the reasons for stopping the processing of these companies. According to a statement issued by the bank, “the bank’s governor on the Keywords agency decided to stop processing companies (Arab financial dart convertible and friends is irrevocably and Castle) in foreign currency (dollar) be it directly or indirectly.”Keywords decision did not explain the reasons for stopping foreign currency for these companies processing Millionday: SO 4 BUSINESSES/BANKS HAVE LOST THEIR RIGHTS TO EXCHANGE CURRENCY — THEY DON’T SAY WHY– IMO THIS IS A RESULT IN NOT FOLLOWING REGULATIONS BUT DON’T HAVE INK ON IT – HOWEVER THE LOSS OF A SERVICE IS FOR A REASON WHEN REVENUES ARE NEEDED FOR ALL BUSINESSES Comments may be made at the end of Part 2 Thank You |
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Millionday Newstime 11/11/15 Part 2 of 2
WELCOME TO MILLIONDAY NEWSTIME AT DINARUPDATES.COM Millionday: VERY IMPORTANT — READ EVERY WORD Millionday: Concluded on Wednesday, the fourth Summit of Arab and South American in Riyadh, the center of focus of participation to promote economic cooperation and developing countries relations among them. And opened a summit Tuesday in the presence of kings and the leaders of the Arab states and the leaders and the heads of South America, in addition to UN Secretary-General Ban Ki-moon. ~~~ Millionday: >>>>>>>>>>>>>>He said the Egyptian president at the opening: The trade exchange between Arab countries and Latin America, the size of grew from six billion dollars to more than 33 billion during the past decade, calling for strengthening of this exchange. He added that Egypt «looks forward to more investment with Latin American countries ».
promised the king that« the opportunities to develop the economic relations between our countries and promising »and called for« the establishment of councils for the business, and to consider the signing of free trade agreements, and the avoidance of double taxation and promotion and protection of investments between the countries of the two regions, which will provide a framework organizationally and legally to promote trade flows between them ». Millionday: NOTE — FREE TRADE ZONES APPLIED AND ALSO INVESTMENT LAW BENEFITS EXPRESSED AND EXPLAINED — THE FEAR OF DOUBLE TAXATION RESOLVED Millionday: The UN Secretary-General Ban Ki-moon called for the opening session of the Arab countries to emulate the experience of Latin American countries in stability. He said: «The hopes generated by the Arab Spring hit by conflict and instability, and authoritarian governments from Syria to Libya and other». He added that «countries of Latin America have achieved significantly move that looked to him a large number of people throughout the Arab world.» The summit is the fourth since 2005 between the member states of the League of Arab States and 12 countries of Latin America. The summit an opportunity to discuss cooperation with the balanced economic capabilities on a global scale, especially in the field of oil that Saudi Arabia is the largest Exporters states. Millionday: SO THE SIGNING OF THE FREE TRADE AGREEMENTS AND THE END OF THIS SUMMIT SHOULD SHOW MORE IN THE COMING DAYS OF THE AGREEMENTS GAINED Millionday: THIS WAS ANNOUNCED TO THE CITIZENS OF IRAQ Millionday: WHOOPOW Millionday: HERE WE GO — FORMAL STATEMENT ON SALARY SCALE Millionday: Fawaz subject him salaries of employees turned into a social problem, and has become an embarrassment to those who thought about it, and claimed that its application will achieve some sort of justice among the staff, as it will provide the state a cash surplus reduces the deficit ratio economic .. Millionday: seriousness of the matter related to bad timing first, and not make objective justification for that second, and the ambiguity of the actions that took him Thirdly, and this is what makes thinking about it in light of the economic and political turbulent social conditions of a kind of escape forward, and thinking about it intersects with the slogans raised during the popular demonstrations, calling for national reforms and uncover corruption and waste You public money and the nature of the projects phantom, which caused a lot of aspects of the economic reality that exposed shortcomings after a sharp collapse in the prices of the deterioration of oil. Millionday: NOTE — THE CONFIDENCE THEY WERE TRYING TO CREATE BACKFIRED WHEN SUCH HUGE CUTS WERE ANNOUNCED SO IN OTHER WORDS — THIS WAS NOT A GOOD IDEA Millionday: NOTE — IN OTHER WORDS — THE CUTS NEED TO BE TO THE CORRUPT AND MAKE AN EXAMPLE THERE AS A SHOW OF CHANGE REQUESTED BY CITIZENS — THE MANY REFORMS DO EXPLAIN THAT MOVE MUCH BETTER THAN THE PANIC THAT CAME FROM THE PAY CUTS Millionday: NOTE — REMEMBER THE HUGE RESPECT FOR THE PROFESSORS IN THEIR CULTURE Millionday: Which means the need to have such a law readings a careful, and Vahsh.ma into account social and political sensitivities of the Iraqi street, even Egged politicians themselves in front of protests and new demonstrations raised banners denouncing manipulating Bakot people, as called for decisive action against corruption and demanding the concerned authorities to disclose his companions who They stole billions, as well as such procedures and laws can not promise to reform, as it touches the lives of important segments of society. Millionday: NOTE — THE CITIZENS DEMAND NAMES OF WHO STOLE FUNDS THROUGH CORRUPTION — Millionday: which relates to cancel some provisions that give to their salary payments to help them face life benefits and burdens, note that the Council of Ministers decided on 13 of October of this, the amendment salary scale Annex law salaries of state employees and the public sector No. 22 of 8002, and the unification of allocations charged by state officials all and reducing differences between them, and this Maihtaj clarification from the concerned authorities, and far from looting and multiple controversial Ajtahedat and discord. Millionday: SO THE LEAK FROM THE MEDIA CREATED AN UPROAR — IT SEEMS THEY ARE RETHINKING THE PROCESS AND HOW TO CUT SPENDING Millionday: NOTE — THE BUDGET IS TO BE IN FRONT OF PARLIAMENT TOMORROW FOR SECOND READ BEFORE VOTE TO LAW larrykn: how long after the second reading do they vote? ty MD also I can give them a name of one that ripped them off, his name is Maliki Millionday: WE HAVE SEEN IT AS FAST AS THE NEXT DAY AND ON — INK SAYS MONDAY Bax: There were a few articles today that said the Budget was set for Monday?? Millionday: YOU ARE RIGHT — INK SAYS MONDAY cjquade54: do you mean Monday for 2nd reading? Millionday: YES — SECOND READING Millionday: Governor of the Central Bank of Iraq to respond to statements that relate to monetary policy 10/11/2015 Millionday: IT IS LONG BUT I WANT TO SHOW YOU A SECTION OF IT Millionday: HERE IT IS >>> (LINK MISSING) Millionday: NOTE — THIS IS DISCUSSING THE ACTUAL APPLICATION OF THE US DOLLAR RATE AND INTERNATIONAL RATES Millionday: WHOOPOW Millionday: SO WE HAVE EITHER A FIXED — OR MARKET FLOAT FROM A RATE OR A MANAGED THAT ALLOWS IN MOST CASES 2% FLUX Millionday: ACCORDING TO THE REPORT Millionday: MISSING THE LINK: I’M SORRY IT HAS ME BLOCKED NOW Millionday: IMO — THIS IS WHAT IT SAID ABOUT IT >>> SO WE HAVE EITHER A FIXED — OR MARKET FLOAT FROM A RATE OR A MANAGED THAT ALLOWS IN MOST CASES 2% FLUX Millionday: OBVIOUSLY WE COULD HAVE GUESSED THAT WHEN WE WERE IN GRADE SCHOOL Millionday: IT SAYS I DON’T HAVE PERMISSION Millionday: OK THAT IS ALL I HAVE — THE REST IS THE GREAT SUCCESS IN TERRORISM WAR Millionday: BGG HAS GREAT REPORTS IN BLOG — LOOK AT PICTURES TOO — WHOOPOW Read More :http://www.dinarupdates.com/showthread.php?24470-Millionday-newstime-11-11-15 |
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Post From Wealthwatch.world Chat Room 11-11-15
Wealthwatch OOTW & Butifldrm Chat 11-11-15 Part 3 of 3 Winnerdinar: I could not stop reading after seeing the lop article -what I think buti was trying to point out and what I was describing is they are restructuring the currency( not lopping ) chattels: I need a drink
Winnerdinar: ‹@chattels› lol sorry buddy chattels: ‹@Winnerdinar› 🙂 BOBBY: i vote for the first theory lol Winnerdinar: I wish I had a diagram to explain myself better OOTW: I WOULD THINK THERE MUST BE A BALANCE TO BE STRUCK FOR THE PEOPLE AND THE ECONOMY OF IRAQ OOTW: AS DISAPPOINTING AS IT SOUNDS – IF THEY GIVE THESE 50K NOTES, IN EFFECT, DOUBLE THE CURRENT VALUE, THEY ARE (AT LEAST FOR A PERIOD OF TIME UNTIL FURTHER POSSIBLE CHANGE IN VALUE) GIVING THE PEOPLE SOME PURCHASING POWER BOBBY: OOTW….. do you think this is there way of appeasing them somewhat? OOTW: THIS WAS ALWAYS GOING TO BE ABOUT THE IRAQI’S NOT US Butifldrm: ‹@OOTW› Ok why would Iraq redenominate and release 50K notes OOTW: BUTI AS YOU KNOW I’M NO ECONOMIST – SO AS A LAYPERSON I WOULD THINK IT WOULD BE TO PULL IN THE LOWER DENOMS Butifldrm: the article I posted is from 2011 OOTW: AND YET GIVE THE PEOPLE MEANS TO PURCHASE AND ALSO TO GET RID OF THE DOLLAR OOTW: RIGHT Butifldrm: the truth of the article is what winner was stating Winnerdinar: I just want to say that my theory is just that of my opinion. I am no expert and I am no guru. I only wanted to explore what OOTW translators information was presented to us Winnerdinar: ‹@Butifldrm› your awesome Butifldrm: that the CBI was going to release notes and this is the truth of the article Butifldrm: He added that large denominations equivalent to around $100 would be issued to simplify major purchases, and new coins and lower denominations would be introduced for smaller transactions. BOBBY: Butifldrm. …… in your opinion, is this just a starting point? Butifldrm: this is the 50K note OOTW: CONFIRMING WHAT THE VIDEO STATES AS THE INTENDED VALUE OF THE 50K NOTE Butifldrm: If the CBI were going to redenominate they could have done that a long time ago Butifldrm: yes BOBBY: Winnerdinar. ……. be glad your not a guru lol Butifldrm: This note has the abbility to draw in the lower denoms Winnerdinar: ‹@BOBBY› I’m an underpaid nurse lol Butifldrm: ‹@BOBBY› he is a very special guru BOBBY: Winnerdinar. …. i dont know of any other kind … Winnerdinar: lol Butifldrm: At the time this article came out for those of us who were not invested Butifldrm: Selah was the propoganda master Butifldrm: he was the mouth piece of the CBI Butifldrm: IMO their were half truths in all the articles he presented Butifldrm: notice fast forward Butifldrm: he now under Abadi has made no such references Butifldrm: even though we see the CBI come out with the release of the 50K noate Butifldrm: this article no matter how they get there proves winnerdinar right Butifldrm: IMO Iraq will not LOP Butifldrm: they could have done that years ago Winnerdinar: I agree Buti no LOP Butifldrm: today we see an article that comes out and states Iraq is going to comply with IMF requirements Butifldrm: Why? Butifldrm: because they are in a sovereign debt crisis BOBBY: so would you consider this the start of reconstruction of the dinar? Butifldrm: Iraq has already received disbursements this year http://www.imf.org/external/np/f… https://www.imf.org/external/np/fin/tad/extrans1.aspx?memberKey1=460&endDate=2015-11-12&finposition_flag=YES Butifldrm: they so sadly have to play the IMF game Butifldrm: I do TxBrand: so…do you think they will draw all of the dinar except 100,000? I cant see that Butifldrm: I don’t want to look, but we have all read articles from economists that state that Iraq should devalue the currency to meet the budget Butifldrm: that’s either BS or clueless TxBrand: what? Butifldrm: the only way Iraq could meet the budget deficit would be to increase the value of the dinar Butifldrm: ‹@TxBrand› yea TxBrand: maybe the translation meant revalue lol not devalue Butifldrm: no the articles were talking about devaluing the dinar to 1300 Butifldrm: or 1500 TxBrand: :wassat: Butifldrm: anyway that would not help their circumstance Butifldrm: yea Butifldrm: Truly devaluing a currency helps only for export Butifldrm: and Iraq is an importing nation Butifldrm: they need to be able to increase their purchasing power not decrease Abraham: Iraq would collapse with any further devaluation because they would not have the reserves to back any further devaluation Butifldrm: one their economy is diversified enough that would be anoter story, but today they have a sovereign debt crisis as do all oil dependent countries OOTW: REALLY ENJOYING THIS DISCUSSION Abraham: Common sense would tell you if they are in a financial bind now, a devaluation does not solve the issue, it makes it worse Butifldrm: ‹@Abraham› Iraq has the reserves to cover 150% of the currency in circulation Butifldrm: the issue here the cost of the dollar Butifldrm: and the impact on the people Butifldrm: Since shabibi’s exit the cost of the Dollar has pretty much been above the 2% spread that the IMF requires to be considered under a dual currency practice Butifldrm: IMO primarily because of corruption Butifldrm: the CBI has not been able to control the amount of dollars leaving the country illegally which lead to the government trying to control that process Butifldrm: the 75B limit in this years budget was just an example Butifldrm: the CBI tried and lost – now they auction what they need to meet the supply and demand Butifldrm: still thye cannot control the spread Butifldrm: one more thing Butifldrm: has anyone notice how much the USD index has gone up the past few months Butifldrm: that also impacts the sale of the dollar Butifldrm: and the spread Butifldrm: Hopefully, Iraq is getting some good counseling and we see the article today that comes out about the loan and Iraq will now have to comply with the IMF guidlines BOBBY: Does any of this effect there credit rating in the long run? Butifldrm: this gives them a great opportunity to move from article XIV to article VIII Butifldrm: yes of course Butifldrm: read this Butifldrm: wealthwatch.world/showthr… http://wealthwatch.world/showthread.php?tid=2882 http://wealthwatch.world/showthread.php?tid=2882 Butifldrm: OOTW, can u think of anythin I did not cover? Butifldrm: One last note OOTW: NO I THINK YOU GOT IT ALL, BASED ON THE ARTICLES AND PRESS STATEMENTS RELEASED IN THE PAST TWO OR THREE DAYS OOTW: I WILL ATTEMPT TO GET A TRANSLATION OF THE CBI STATEMENTS RE THE 50K NOTES AND BANKING PROCEDURES FROM THE TRANSLATOR Butifldrm: now that Iraq has agreed to comply with the IMF again we need to watch the spread, I’m excited to see how the release of the 50K notes and the exchange processes will affect the spread OOTW: I WILL POST THEM IN THE THREAD FOR THE VIDEO AS WELL AS THIS CHAT Butifldrm: sounds good Butifldrm: night ya’ll OOTW: NOTE TO NON MEMBERS READING THIS CHAT AT OTHER SITES – YOU MAY BECOME A MEMBER OF WEALTHWATCH.WORLD FOR FREE – THIS IS THE ONLY WAY YOU MAY READ WHAT’S POSTED IN OUR IQD AND IRAN/RIAL FORUMS – INCLUDING CHATS – GOVT PRESS RELEASES, AND MUCH MORE! OOTW: NIGHT BUTI OOTW: THANKS AGAIN! MichelleL: Thanks OOTW, and many thanks to Butifldrm too! OOTW: SURE THING BOBBY: OOTW….. any thoughts on doing a call in the near future?…… end of the year wrap up ? OOTW: WELL THAT’S ACTUALLY A GOOD IDEA BOBBY |
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