Latest topics
Bluedog says the rate will be higher than 1 to 1
5 posters
Page 1 of 1
Bluedog says the rate will be higher than 1 to 1
Bluedog
THE IMF AND WORLD BANK LOAN IS JUST A MOSQUITO ON AN ELEPHANT COMPARED TO WHAT IRAQ NEEDS...AND HOW WILL IRAQ PAY ALL BACK SALARIES AND GO FORTH WITH REBUILDING THEIR COUNTRY. THE NEW RAIL SYSTEM IN BAGHDAD AND THE NEW TRAINS THAT HAVE ARRIVED...THE NEW AIR STRIPS AND AIRPORTS TO HOUSE F-16'S ...ALL THE MILITARY EQUIP THAT THEY HAVE RECEIVED... KURDS ARE BUILDING FASTER THAN ANYONE COULD BELIEVE...THEY NEED HUGE MONEY. WE KNOW THE WEALTH OF THIS COUNTRY ABOVE AND BELOW THE GROUND...INVESTORS AND THE WORLD KNOW TOO...SO THEY NEED TO SPIFF UP AND THEY NEED FUNDS.
YOU SEE IRAQI HIGH GOVERNMENT FOLKS OUT SELLING BONDS RIGHT NOW AND IT HAS BEEN IN PROGRESS NOT JUST YESTERDAY BUT BEEN HAPPENING...THEY ARE BUILDING ROADS AND NEW SEWAGE SYSTEMS AND PLANTS. IT'S A COUNTRY THAT NEEDS GROUND FLOOR REBUILDING. SO THE 2015 BUDGET AND THESE LOANS ARE JUST NOTHING. THEY PROVIDE CHEESE FOR THE MONTH IMO...THE IRAQI GOVERNMENT HAVE LESS THAN NOTHING HERE WITH THESE LOANS TO WORK WITH OTHER THAN PAYING OVER DUE PAYMENT.
THEY CANNOT MOVE FORWARD... AND REMEMBER THE GREEN LITE THAT THEY WERE GIVEN ...THAT'S THEIR SALVATION. DO YOU THINK THE WB AND THE IMF WILL CONTINUE WITHOUT A MOVE OF THE CBI..... NAW. IMO THE CURRENCY REFORM HAS BEEN SEEN IN THE LAST FEW WEEKS AT A LIGHTNING SPEED...SECURITY IS AT A HIGH LEVEL...THEY WILL DEAL WITH ANBAR IN THEIR OWN WAY. IRAQ HAS A HUGE DREAM AND IT'S NOT AT A ONE TO ONE RATE...IT MUST BE A GREATER RATE... A COUNTRY WITH THESE DREAMS HAVE TO MOVE VERY FAST...JIMO
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Bluedog says the rate will be higher than 1 to 1
OK Blue dog , you have spoke your mind, like Turbo would say. Go lay down boy and dream up some more garbage.
RoyBoy- VIP Member
- Posts : 2507
Join date : 2011-06-17
Age : 65
Location : NE Iowa
Re: Bluedog says the rate will be higher than 1 to 1
One problem, an RV will not cause cash to mysteriously appear. They will be no richer than they are now, yes, the currency will be worth more, but a barrel of oil will still be selling for the same USD equivalent, their income will be the same, and their reserves as well. In that respect, IF it happens, it will be a revenue neutral event.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: Bluedog says the rate will be higher than 1 to 1
Kevind53 wrote:One problem, an RV will not cause cash to mysteriously appear. They will be no richer than they are now, yes, the currency will be worth more, but a barrel of oil will still be selling for the same USD equivalent, their income will be the same, and their reserves as well. In that respect, IF it happens, it will be a revenue neutral event.
This brings up a good point...
So if I am picking up what you are putting down...basically the rest of the world will benefit from an RV...but Iraq won't so much? I would think that it would help if they are importing things...but like you said a barrell of oil is still going to cost $XX.XX .
So all this dancing in the streets is pretty dumb since it really isn't going to help every day life in Iraq any where near as much as the GooRoos are claiming.
BritishBulldog- VIP Member
- Posts : 1323
Join date : 2013-09-20
Re: Bluedog says the rate will be higher than 1 to 1
I think that IF it happens it will be a revenue neutral event for everyone involved in trade. Those holding currency will see a profit I think, but over all it has to be revenue neutral economically if the balance sheets are to stay balanced. For example, (rounding for simplicity's sake) a barrel of oil currently costs say $60.00 USD, or roughly 70,000 dinar. If the dinar goes to 1:1 that same barrel will now cost $60.00 USD or $60.00 dinar. Different amounts of Dinar, but the same overall value thus revenue neutral.
At the same time IF that were to happen and you were holding 1000 dinar that roughly $1 USD worth of Dinar would now be worth $1000 USD. Do I expect to see 1:1? I would love to, but realistically, it's not gonna happen. We may see it some day, but not someday soon. Face it, even 10:1 would be a huge profit for holders of the dinar. Regardless it's a ways off.
I would be remiss if I did not point out that we MAY see a LOP in which case we will see little if any profit, we may see an action like we just saw with the 50 in which case we end up with zip, we may see Iraq collapse into anarchy with noting left but little more than squabbling city states slowly absorbed by Iran, ISIS and others, again we loose. We may see a gradual float to some higher value like Kap talks about ... in that case we win, someday. This is and will remain a high risk investment, no, more like a gamble than an investment. Regardless, my chips are in, and I'm willing to play the hand out.
At the same time IF that were to happen and you were holding 1000 dinar that roughly $1 USD worth of Dinar would now be worth $1000 USD. Do I expect to see 1:1? I would love to, but realistically, it's not gonna happen. We may see it some day, but not someday soon. Face it, even 10:1 would be a huge profit for holders of the dinar. Regardless it's a ways off.
I would be remiss if I did not point out that we MAY see a LOP in which case we will see little if any profit, we may see an action like we just saw with the 50 in which case we end up with zip, we may see Iraq collapse into anarchy with noting left but little more than squabbling city states slowly absorbed by Iran, ISIS and others, again we loose. We may see a gradual float to some higher value like Kap talks about ... in that case we win, someday. This is and will remain a high risk investment, no, more like a gamble than an investment. Regardless, my chips are in, and I'm willing to play the hand out.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: Bluedog says the rate will be higher than 1 to 1
Royboy, you took the words right out of my back pocket!!
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Yesterday at 6:02 am by Ditartyn
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Mar 23, 2024 9:25 am by swizzlestick
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash