IQD CALLS Chat Friday Night 11-29-19
IQD CALLS Chat Friday Night 11-29-19
Baxter DID YOU KNOW.... that a stack of 18 billion dinars is 1200 miles high...?? DID YOU KNOW that a stack of 40 trillion dinars... is.....are you ready.... 2.7 MILLION MILES HIGH
Baxter THATS the difference from billions.. to Trillions...
Dave Baxter what of the USA deficit?
Baxter well... if its 20 trillion.. it would be about 1.4 million miles high
Baxter be half of that
Dave Baxter 40 Trillion news from yrs ago......
Baxter whys that
Dave Baxter COI frozen120-150 billion USD........my calculator does not have that many zeros to convert
Baxter mine doesnt either
Dave Tons of dinar how high?????
Baxter I just told you... one dinar notes... 18 billion... is 1200 miles high.... 40 trillion... is 2million 700 thousand miles high
Dave Baxter what one dinar note
Baxter yes
Baxter or one dollar.. whats the difference
Baxter about same thickness
Dave from.00086
Dave toilet paper worth more
Dave each piece about the same....i prefer double ply
Dave size and thickness
Baxter maybe something will happen next year.... I kind of doubt it...but who knows
Dave Baxter Did some checking on S Korea though
Dave Hyundai only makes 1.6 units a yr.....,.Iraq pumps 5-6 million units per day
Dave average wage in S Korea 4-5 times more than Iraq
Dave S Korea double the population and a quarter the size
Baxter Oh... I can believe that.. Iraqis make about 4-500 a month...
Dave Koreans most educated peeps on the planet
Dave Have a reliable power grid and sanitation
Dave Korea has little else other than rice
Baxter that wasnt my point dave.. my point was... the south korean currency is worth a tenth of a penny.. just like Iraqs... and they are getting along just fine.... and Im sure they dont use wheelbarrows to go to the grocery store...
Baxter they just held the world olympics... their cars are now built all over the world..and they are a thriving economy
Baxter all on a tenth of a penny
Dave Baxter compare Saudis currency to Kuwait
Dave 1 South Korean Won = 0.0011 Canadian Dollar
Baxter thats probably about right
Dave Saudi .25.....? ish
Baxter yes.. but how much is out there??
Dave Baxter Only Kap knows fer sure
Dave CBI taking it in one door and out the other to pay staff in Dinar.....
Baxter amount of reserve currency... and the amount of money supply has a direct impact on the value
Baxter the money supply is what is killing Iraq... they went from 18 billion before the war.. to over 40 trillion....
Dave Baxter What CBI takens in each month for the last 2 yrs.......
Dave 40 trillion easy......
Baxter the cbi... puts that dinar right back out and cycles it again... it is not kep
Baxter kept
Dave Baxter Thats right it goes to pay staff???????
Dave Baxter you know that
Dave ?
Baxter there is still trillions of dinar out there.....
Dave according to whom?
Baxter the cbi for one... they put out reports every once in a while
Dave Baxter seen it.......
Dave shot holes in that
Baxter well.. Im gonna go have supper.... will be back later..
Dave Baxter enjoy
spankie how much in circulation and the other would be what countries hold
spankie not that much in circulation- not 40 tril
spankie korean money prolly good investment
TWWIII I never do Black Friday, never. So I saw silver at 17.11 today, when to the place I buy my rounds & grams & they had a Black Friday sale. Only 2 of us there. But I bought my rounds at 16.33 so I bought several. NOT A BAD PRICE.
TWWIII spankie I hav SKW as weli
spankie they cannot stay low forever
TWWIII I agree, cant
spankie need to go on a buying spree for property in south korea
TWWIII hummmmmmmm
spankie friend from church wanted wife and i to go w to s korea-- time was not right but wanted to go
spankie go to a korean church - nice people-
spankie is it not better to buy silver coins and jewelry
spankie or too much work
TWWIII spankie I think silver Rounds & Grams is the best way to buy silver. I have done that over the past 20+ yrs, always made a profit when the market was good to sell
Dave TWWIII should check out ebay for silver coins....10 bucks for a roll of silver DIMES
TWWIII Dave Ebay prices are way higher market, I check daily. $25+ for a round, no way & some plus shipping
Dave TWWIII used to buy alot of cdn coins on ebay for way less than melt price
TWWIII Here we no longer have melting avail unless I drive all the to Seattle
Dave purchased many coins from ebay.......never paid more than 50% of melt value
TWWIII Dave Keep buying on Ebay, just not my 1st choice
Dave TWWIII took some work and time yes....
Dave figured if i could quadruple my purchase i did well
*TWWIII Dave Yrs ago I got good prices on Ebay like 1909vbs pennies for abt .35 each before sellers were selling for less than today, merk dimes, etc
Dave TWWIII Been collecting old silver coins since i was a paper boy
TWWIII Dave I sold a batch of silver abt 6yrs when silver hit $50 oz that I was buying in the 90's & early 2000., I sold most of mine then
Dave TWWIII hehe thats what i am waiting for
TWWIII It will happen again, I have been stud'ing TRENDS since the 70's & have done quite well.
Dave silver seems to be stuck
Dave wanna see 20.00 may sell some
TWWIII Silver most of the follows gold rates. Like today Gold dropped & silver abt the same %age
Dave silver way more utilized
Dave under valued still
TWWIII If the market has a major drop, ir be easier to barter with Grams of silver vs grams of Gold especially for food & other commodities.
Dave heck i just like hoarding silver.....
Dave Dad collected coins......genetics maybe
TWWIII I do the same with other items +_ silver
Baxter VERY INTERESTING READ: Something is seriously starting to break in China's financial system.
Three days after we described the self-destructive doom loop that is tearing apart China's smaller banks, where a second bank run took place in just two weeks –
an unprecedented event for a country where until earlier this year not a single bank was allowed to fail publicly and has now had no less than five bank high profile nationalizations/bailouts/runs so far this year - the Chinese bond market is bracing itself for an unprecedented shock: a major, Fortune 500 Chinese commodity trader is poised to become the biggest and highest profile state-owned enterprise to default in the dollar bond market in over two decades.
In what Bloomberg dubbed the latest sign that Beijing is more willing to allow failures in the politically sensitive SOE sector - either that, or China is simply no longer able to control the spillovers from its cracking $40 trillion financial system - commodity trader Tewoo Group - the largest state-owned enterprise in China's Tianjin province - has offered an "unprecedented" debt restructuring plan that entails deep losses for investors or a swap for new bonds with significantly lower returns.
Baxter Tewoo Group is a SOE conglomerate, owned by the local government and operates in a number of industries including infrastructure, logistics, mining, autos and ports, according to its website. It also operates in multiples countries including the U.S., Germany, Japan and Singapore.
The company ranked 132 in 2018’s Fortune Global 500 list, higher than many other Chinese conglomerates including service carrier China Telecommunications and financial titan Citic Group.
Even more notable are the company's financials: it had an annual revenue of $66.6 billion, profits of about $122 million, assets worth $38.3 billion, and more than 17,000 employees as of 2017, according to Fortune’s website
Baxter EVIDENTLY... some of Trumps sanctions... are working...