Med's Chat on 2/02/12 @ 12:10 AM EST (suffocating the USD in Iraq)

Miskebam wrote:WHAT OPTIONS DOES HE HAVE
HE COULD START THE AUCTIONS UP AGAIN
WHICH IS UNLIKELY
HE COULD RE RELEASE THE LARGE DENOMS
WHICH IS VERY UNLIKELY
OR HE CAN SET THE NEW EXCHANGE RATE
AT 1 TO 1
AND HAVE THE NEW DENOMS ISSUED
RIGHT NOW

Miskebam wrote:WHAT OPTIONS DOES HE HAVE
HE COULD START THE AUCTIONS UP AGAIN
WHICH IS UNLIKELY
HE COULD RE RELEASE THE LARGE DENOMS
WHICH IS VERY UNLIKELY
OR HE CAN SET THE NEW EXCHANGE RATE
AT 1 TO 1
AND HAVE THE NEW DENOMS ISSUED
RIGHT NOW

PrudenceArt wrote:I have been saying that for 2 weeks but no one listens to me OK done whining

I heard you PA... I thank you for all you bring!

I heard you PA... I thank you for all you bring!

Miskebam wrote:Someone emailed this to me, goes along the same lines, thought I would share it here, since its relative:

Natwy1 at DV:

no, i have a phd from cal- berkeley, why dont you go round me up some curly fries, whats with these people?

i can't speak for what nick and med talked about, i was not present.

i told nick that if they truly stopped the auctions, they would suffocate the country of cash, and destroy there monetary system.

they have a few options,
1. release the 000 notes that they already vacuumed (will not happen)

2.revalue to atleast .01, i do feel higher though (extremely likely)

3. r/d like turkey. (extremely unlikely) why the need to suck the 000 notes back in to the central bank if they r/d. an r/d is a neutral event, no prepping when it come to sucking currency back in, they would gradually get them back through store vendors, and banks after they r/d'd. so there words sometimes mean r/d, but there actual actions mean revalue.

i do know the 000 notes are becoming scarce, they are now depending on 50-250-500 notes.

they are going to have to act fast, if and it is a big if the auctions are now what they have been the last 2 days, imo, they will only be able to survive monetarily for about 3 weeks before the system crashes.

sorry about the curly fry comment, i deal with ignorance all the time, i thought i could escape it in my free time.

Miskebam wrote:Med's Chat on 2/02/12 @ 12:10 AM EST



Med says to (12:10:18):
WE HAVE SOME MORE GREAT NEWS
AND IT WAS POSTED BY HARRY
TO ME
THIS ARTICLE IF IT WERE A BASEBALL GAME
WOULD BE A GRAND SLAM
IT IS A TELL ALL
NO BS
NO FRILLS
NO ADD ONS THAT MEAN NOTHING
THAT THE NEW EXCHANGE RATE
AND GOING TRADEABLE
IS FOR ONE REASON
TO ATTRACT FOREIGN INVESTMENT AND
THE TRADING OF CURRENCIES
WITH COUNTRIES THAT ACTUALLY ARE ECONOMICALLY VIABLE
AND CAN DO THINGS FOR IRAQ
AND NOT TRY TO SABOTAGE THE COUNTRIES ECONOMY OR MONETARY POLICY
ONE THING I WANT TO POINT OUT
WITH THE AUCTIONS STOPPING
THIS WAS HUGE
BUT NOT JUST FOR THE SAKE OF SEEING
CBI DO SOMETHING THEY SAID 4 DAYS AGO THEY WERENT GOING TO DO
OR SOMETHING THAT WE FOR YEARS WERE WAITING TO HAPPEN
LOOK AT THE ACTUAL IMPORTANCE
FIRST OFF
SHABIBI ALLOWED FOR MANY MONTHS NOW
THE USD TO BE USED OPENLY IN IRAQ
WHILE THEY WERE DRYING UP THE LARGE DENOMS
THE IRAQI PEOPLE WERE OR ARE NOW USED TO BUYING GOODS
INSIDE IRAQ
WITH THE AMERICAN DOLLAR
WHICH SHABIBI STATED HE WANTED A 1 TO 1
SO THAT IT WOULD BE AN EASY TRANSITION
AND IN THE MEANTIME HE WAS SETTING UP THIS
THAT THEY WOULD BE BUYING GOODS WITH BASICALLY THE 1 TO 1
NOW HE IS SUFFOCATING THE USD OUT OF IRAQ
WHAT OPTIONS DOES HE HAVE
HE COULD START THE AUCTIONS UP AGAIN
WHICH IS UNLIKELY
HE COULD RE RELEASE THE LARGE DENOMS
WHICH IS VERY UNLIKELY
OR HE CAN SET THE NEW EXCHANGE RATE
AT 1 TO 1
AND HAVE THE NEW DENOMS ISSUED
RIGHT NOW
WHAT THEY HAVE ON THE STREETS
ACCORDING TO MY FRIENDS STILL IN IRAQ
ONE IS CTD
IS ONLY
THE 50 D
250D
500D
AND 1000D NOTES
THE ONLY PLACE HE SAW 25K NOTES
WAS IN BAGHDAD INTERNATIONAL AIRPORT
SO THEY ARE DRIED UP
SONNY TALKED TO HIS FRIEND WHO HAS A PHD IN ECONOMICS
AND HE SAID THAT
HE CANNOT WAIT LONG
OR MORE DISASTER COULD HAPPEN
THAT MOVING ON THE EXCHANGE RATE IS ALMOST A MUST MOVE VERY SOON
AND IN THE COMING DAYS IS A STRONG POSSIBILITY
AS WAS STATED IN THE ARTICLE FROM SEVERAL DAYS AGO
OK THAT IS THE CRUX OF SONNY'S AND MY CONVERSATION I JUST GOT OFF THE PHONE WITH HIM
YW
OK THAT'S IT FOR ME