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» Why Won't the Iraqi Dinar Scam Die?
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BGG "Squeeze Play" 9/24/17

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Post by roxy22222222 Sun Sep 24, 2017 9:10 pm

Article:  "Barzani: The time has come to demand the postponement of the referendum will not take my people"  Quote:  "The president of the Kurdistan region, Massoud Barzani, said the claims and calls to postpone the referendum on independence “is over."   The title is a little deceiving. However, it also points out Barzani clearly intends to “negotiate” with Baghdad afterwards. The whole thing has the feel of a “squeeze play”.  Barzani may well know he has no chance of a true independence play. On the other hand, while this is an “extra-Constitutional” vote, Abadi and the GOI ignore their Constitution when it suits them as well.
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Post by jwflatt Sun Sep 24, 2017 10:57 pm

Why post anything from this lying piece of chicken chit?

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Post by roxy22222222 Sun Sep 24, 2017 11:20 pm

jwflatt wrote:Why post anything from this lying piece of chicken chit?

Just posting all in one place that's all!
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Post by ReapAndSow73 Mon Sep 25, 2017 5:02 pm

The referendum will pass easily.  Everyone holding IQD should be crying profusely, this is an absolute death knell to any notion of revaluation.  KRG will go buh bye with their oil, Iraq is royally screwed.  They need to be pegged to USD even more now.  Anyone who thinks Kurdish secession helps the RV is a complete imbecile.
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Post by Allenj Mon Sep 25, 2017 6:19 pm

ReapAndSow73 wrote:The referendum will pass easily.  Everyone holding IQD should be crying profusely, this is an absolute death knell to any notion of revaluation.  KRG will go buh bye with their oil, Iraq is royally screwed.  They need to be pegged to USD even more now.  Anyone who thinks Kurdish secession helps the RV is a complete imbecile.
that may be true but if they do it will be war in iraq, Iraq has move army near the border and Paramilitary leader warns of “inevitable” civil war after referendum and if they do you can FORGET any any reinstatement, RD, RI and any increase in the value of the dinar anytime soon. THE IRAQ DINAR IS DEAD IN THE WATER

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war in Iraq
 

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Post by jwflatt Mon Sep 25, 2017 8:37 pm

Allenj the dinar was dead in thw water ever since the USA devalued it. NO one alive today will see a increase in value

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Post by ReapAndSow73 Tue Sep 26, 2017 9:48 am

Allenj wrote:
ReapAndSow73 wrote:The referendum will pass easily.  Everyone holding IQD should be crying profusely, this is an absolute death knell to any notion of revaluation.  KRG will go buh bye with their oil, Iraq is royally screwed.  They need to be pegged to USD even more now.  Anyone who thinks Kurdish secession helps the RV is a complete imbecile.
that may be true but if they do it will be war in iraq, Iraq has move army near the border and Paramilitary leader warns of “inevitable” civil war after referendum and if they do you can FORGET any any reinstatement, RD, RI and any increase in the value of the dinar anytime soon. THE IRAQ DINAR IS DEAD IN THE WATER

link:
war in Iraq
 
Yup, same threats used by Russia and Spain when there were attempts by Catalonia and Ukraine to secede.  Lots of threats going around, Baghdad and Turkey and Iran know this referendum is a threat to them, because other areas of the Middle East would be emboldened to secede.  Problem is, Iraq would be obliterated in a confrontation with Peshmergha forces, unless...uh...we see ISIS pop back up again in Kurdistan.  Once people realize how ISIS was formed and how it is funded, the charade swiftly ends.

Ergodan is a dictator, and we'd see all kinds of conflict at their border, because Kurdistan's secession is a direct threat to his stranglehold on his power.  People have a right to be free, and to decide their leadership.  Government governs by the consent of the goverened.  KRG needs to make this move because they've been completely ignored and abused by autocrats and big oil for decades.  Even if this is just leverage to get Baghdad back to the table under global pressure, fine.  Baghdad owes KRG so much friggin money it would make your head spin.  This is a main reason why there will be no RV - sovereign debts, both domestic and international, getting paid with inflated currency are the best solution for a central bank. They want weak currency, period.  Nobody ever addresses this.  They cannot just spike value overnight and owe trillions with a strong currency, the math doesn't work.  Once KRG gets their referendum passed, and the threat of them leaving with their oil, Baghdad will get squeezed and will need to borrow, AGAIN.  There will be no RV.
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Post by Allenj Tue Sep 26, 2017 1:27 pm

the dinar wasn't dead regardless what any of you say but it is now i am looking for the dinar to drop in rate it should be no better than the Zim currency part of the vote are in with 93% saying YES if they don't get up off their asses and get something and i am not looking for it the sad thing is Iraq still still have Trillion they have to pay to other Countries

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