IQD CALLS Chat Early Wednesday 10-16-19
IQD CALLS Chat Early Wednesday 10-16-19
Chattels sandyf posted financial statements from the CBI earlier. https://cbi.iq/static/uploads/up/file-156879800127996.pdf
chattels Under Liabilities, 31-Auq-2019, Currency issued, 48,589,655,939
Baxter THAT would be 48 Billion wouldnt it?
Baxter not trillion....
spankie ur right Bax
Baxter thats what I thought... so where is the 42 trillion dinar out there
JoeSchmoe Baxter chattels is that 48 billion the amount that is in circulation right now?
Baxter I dont know... but thats what it says to me
JoeSchmoe hmm....just when you think SandyF is total anti dinar, he puts out a little nugget like that?
Baxter know
JoeSchmoe IF it is the amount in circ
JoeSchmoe currently
Baxter I dont believe much of anything anymore
JoeSchmoe yea
Zig Look at the heading of that: "IQD Thousand"......you have to multiply any number you see there by 1,000.....
Baxter ZIG... theres always fine print..... isnt there....
Wilder 48,589,655,939. Same thing you guys were talking about in September. https://dinarrecaps.com/our-blog/iqd-calls-chat-early-wednesday-9-25-19-part-1-of-2
Baxter you have to multiply that by 1000
Baxter so it is trillion
Wilder Same song different day.
Baxter yep
Wilder Why multiply?
Baxter because thats what it says on the page
Baxter it says .. in thousands
Wilder 1000000000000. Is this 1 trillion?
Baxter yes
Doug_W too many 0's I am dizzy now Wilder
Clay me too no comas
Wilder Help me out here. That number referring to dinar?
Wilder Hold on a sec
Clay https://cbi.iq/static/uploads/up/file-156879800127996.pdf
Clay look there
Baxter yes.. its IQD Thousand
Wilder A trillion is 1,000,000,000,000
Baxter yes
Wilder 48,589,655,939 only 9 digits here after the 48
Doug_W that is 48 Billion
Baxter I know.. but that is in thousands.... you have to multiply it again by 1000
Wilder Why
Baxter because that is how it is shown.. it is shown in thousands
Baxter to get the end result..you have to multiply by 1000
Baxter look at the link clay brought in above.. it says... in thousands
Wilder Im skipping this class. Give me a big F. Can i go hone now?
Baxter they are too dam lazy to put three extra 0's in it
Baxter if they would just put three zeroes in it.. it wouldnt confuse everyone... its all b >>>S
Doug_W Wilder U get an A+
Wilder Left collum says total assets. 105,675,079,542 ..now what the heck is that?
Baxter deposit a dime.. for more information... LOL
Wilder Times a thousand
Baxter most likely...yes
Baxter probably all of those figures are multiplied by 1000
Baxter thats what i would think
Baxter it would be much simpler if they would just put three zeroes on there
Baxter 10-16-2019 Intel Gurus Walkingstick & Frank26 ...IMO they have a date and they have a time to deliver the lower denoms. Yesterday they delivered a receipt. The only ting missing yesterday was the pictures and the descriptions of the lower denoms...I can't prove it to you...Does anyone want to bet me that they will see them [lower denoms] in the next week or so?
Wilder Lol. Want my address? I'll wait at the mail box. Or you could drop the dinar off on way to Florida.
Baxter I think I am taking it to florida with me..
Baxter went to the bank this morning and they want a hundred bucks for a stupid safety deposit box
Baxter ridiculous
biff More small denoms ;$$$
Wilder Guess you don't hate it bad enough yet.
Baxter guess not
Biff Baxter I had 3 million in 50 IQD notes had to dump them. that *was heavy.
Wilder I'd bet frank or walking stick if they'd pay up.
Wilder iMO's don't cut it with me
Baxter hey..look at dimes... 20 dollars in dimes weighs one pound... a million dollars in dimes.. weighs 50,000 pounds
Kaperoni I just have a minute but I wanted to clarify something
Kaperoni When people read these documents and they're talking about dinar in circulation and they're referencing billions
Kaperoni That is correct but that is in relationship to dollars. At the current exchange rate the cbi's liability for in excess of 42 trillion dinar is at or around 40 billion dollars
Kaperoni But if they were to RV at let's say 1 to 1 then the liability would become $42 trillion dollars
Kaperoni This is a ridiculous number and this is why we say the CBI could never substantially RV because they couldn't afford $42 trillion dollars
spankie thx for that clarification Kap
Kaperoni That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion
spankie china has around 195 trillion yuan out- they r 7 to 1 usd
Kaperoni spankie so what is the total liability you were saying China has compared to u.s. dollars?
spankie 30 tril usd- around that
Kaperoni Well I haven't done any research on China so I can't argue with you but my information that the total money supply of all countries added together liability is only around 11 trillion dollars.
Zig Kaperoni : Hi Kap.....gonna have to start charging you rent here..... :na;
Baxter The U.S.... has about 2.7 Trillion Dollars in the world...and we are over 22 trillion dollars in debt.. yet our dollar is the most used in the world...
Kaperoni Baxter well even if you used your numbers they're still less than Iraq at a one-to-one RV so what does that tell you? It should tell you that Iraq could never RV at $42 trillion
Baxter can the u.s. cover 22 trillion... heck no
Kaperoni And you think Iraq cover twice that much?
Baxter no.. but the U S is doing just fine
Baxter I dont think they have to cover anything
Baxter its all digital numbers
Kaperoni But Iraq would have the physical currency in circulation and the US doesn't have that much physical currency in circulation
Baxter the U S is worse.... we are over ten times in debt than our total currency in the world
spankie I think there is around a total of 240 trillion out there w all currencies in the world -
Kaperoni There is a difference between debt and physical liability
Baxter you are worried about covering the amt of money out there.. it doesnt work that way
Baxter you are old school..... its not like that anymore
spankie like a loan?
Baxter not one country in the world has a positive flow of currency
Baxter not one
Baxter tell me of a country that has a profit
Baxter there isnt any
Baxter they are all flat broke
spankie like usa- lol
Baxter look at the mess in England...germany.... australia... venezuella..
Baxter venezuella has the largest oil reserves in the world... flat broke
Kaperoni Baxter there is much more to it then that you're simplifying things and that's not how the CBI works the CBI is responsible for managing monetary policy and keeping its stability any kind of significant RV would throw the entire monetary policy into chaos
Baxter the CBI is in chaos now
Baxter all of them
Zig Kaperoni : Bring Enorrste with you sometime....for a chat.....
Baxter i dont think the amt of dinar out there has anything to do with this at all
Kaperoni Baxter not true at all they've held stability at the CBI for 16 months within 2%. Maintaining price stability throughout the country is important and that is what the IMF Works diligently with every country to do. That is what you read when you read these articles about stability
spankie is the imf in charge or the central banks
Baxter I can agree on a float... but not starting at 1160....
Baxter but.. hopefully we will see
Zig Baxter : Then starting at what?
spankie .86
Baxter 86 cents... removing the three zeroes
Baxter LOL
Baxter beat me to it spankie
Kaperoni spankie the IMF is part of the United Nations. There is an agreement with every member country that they will follow the directives as a member.
But Iraq is different as well because in December of 2015 they signed an agreement known as a standby agreement with Iraq to allow the IMF to be trustee over the CBI. If you look up the definition of a trustee you will see that they have control. And as a result, significant progress has been made at the CBI over the last few years in many areas
Baxter maybe we will see someday...... who knows
Baxter wont be this year.. thats certain
spankie thx Kap- can they make a move without the imf?
Zig Would you liken a "trustee" as a "boss"......or less?
Kaperoni Baxter well we can beg to differ but if you believe that they are going to diversify and create a market economy then there will be substantial investment coming into the country. Which will create a significant amount of pressure on the financial system to maintain stability and so the CBI will need to float the currency in order to maintain stability.
When I mean stability I'm talking about price stability. So they will need to have a lot of room per se to allow room for the currency to appreciate during that economic boom
Baxter well... we have to get stability first in any case...and its not there now.....
Kaperoni spankie I'm sure they can make a move without the IMF but Iraq is an emerging market and they want to be part of the UN and they want to be part of the IMF and they want the world to do business with them so it would be probably foolish to make a move of any kind without consulting with the IMF first
Kaperoni Baxter they have Financial stability but you are correct they do not have stability with the citizens
spankie wonder how stable- just government all placed-
Baxter there are many..many countries on the verge of flat bankruptcy... the money system in the world is a mess.. our own fed govt is putting in 60 billion dollars a month.. to keep us afloat...
Baxter 60 billion a month..
Baxter thats all Iraq has...and we are doing that every month
spankie q e 4
Baxter and its all paper money.. there is nothing to back it up
Kaperoni Sorry I got to run I stayed longer than I should but it was a good talk have a good day everyone
Baxter by Kap
spankie I believe Iraq will never be stable - I think they will ad stability with value- the riots are saying alot
Baxter I agree...
Baxter bring on the riots....maybe they will help
spankie poor and broken w no homes adds chaos
Baxter especially when they see these diplomats living in luxury
Baxter this has been going on for decades..who wouldnt be tired of it
spankie value will show investors Iraq is open for business
spankie way it is nothing will move forward
Baxter nope
Baxter its just not working
spankie .86- laterz- food