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SHABIBI -FLASH BACK --LISTEN TO IT IN HIS WORDS! DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

SHABIBI -FLASH BACK --LISTEN TO IT IN HIS WORDS!

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SHABIBI -FLASH BACK --LISTEN TO IT IN HIS WORDS! Empty SHABIBI -FLASH BACK --LISTEN TO IT IN HIS WORDS!

Post by GypZ Fri Nov 13, 2015 3:27 pm

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Post by GypZ Fri Nov 13, 2015 3:28 pm

I WISH I COULD GET IN HIS HEAD FOR JUST A FEW MINUTES TODAY!!
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Post by dwm007 Fri Nov 13, 2015 4:00 pm

GypZ, few articles or videos from Iraq have been subjected to as much guru spin over the yeas as this one!

Let's look at a few things said, right off when asked about when a revaluation could be expected he plainly said that if he knew he couldn't tell you, the question was obviously so out of line that it elicited laughter! The point being that this itself shows that Iraq would NEVER tell anyone about an expected value increase of the official exchange rate, thus whenever rate change has been mentioned in other articles (which they do often) it's only about the unofficial street rate and has nothing to do with any "RV". Of course they are quite clear about this but yet the gurus will still point at it and tell people that Iraq is telling them they are going to "RV" and people believe that nonsense. Iraq will NEVER,EVER put out an article telling people about even a tiny increase in the OFFICIAL exchange rate, the one that matters!


Then listen to what he is saying, he is clearly talking about controlling inflation and the closest he comes to calling for an official rate change is that if economic factors so determine then they might have to "revisit" the current (current at the time) exchange rate. This is nothing new for them or any country with a pegged currency such as Iraq has and rate changes, when they occur, are in very small increments which CLEARLY is what he was referring to. Stability is what makes a currency strong and wild functions down or up wreaks havoc with a countries economy!


Proof of this is when Iraq "RVed" the last time from 1170 to 1166, THAT'S the type of thing that is used to moderate inflation and was clearly what Dr Shabibi is talking about. For those desperate to read "RV" into this there simply is little hope of explaining it but it has been around for a number of years now and the fact is Dr Shabibi is simply talking normal economics well within normal ranges despite the guru spin!

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Post by GypZ Fri Nov 13, 2015 4:05 pm

THATS THE TRUTH HE MENTIONS INFLATION MORE THAN ONCE.I ALSO HEAR SECURITY.I JUST THOUGHT IT WAS GOOD STUDY TO HEAR IT AGAIN!
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Post by dwm007 Fri Nov 13, 2015 4:14 pm

Yes it is a good thing to bring that back again, it shows the true workings behind not only the Iraqi economy but any other in a similar situation. Back when that video was made things look much brighter for Iraq and it looked as if they just might pull off this democracy thing and become a civilized country but things have changed for the worse since then, unfortunately much worse!

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Post by Terbo56 Fri Nov 20, 2015 10:37 am

As The World Turns-{ or, 'stomach', as it should be}
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