IQD Calls Chat Friday Night 8-30-19 Part 1 of 2
IQD Calls Chat Friday Night 8-30-19 Part 1 of 2
Zig SKELFLA : You may also enjoy chatting with "Sam I Am"......lol.....that would be interesting as well.....he thinks the whole thing is a scam......
JoeSchmoe say our usd wasn't what every other currency was pegged, so say it was pegged to the euro. And say our usd was exchanged at 1-1 to that euro. If all of a sudden the usd appreciated in value 10 times to the euro, and I had $100,000 in my account, would that increase in the exchange rate to the euro make me a millionaire?
Sparky Zig ... everyone's input and opinions help me navigate these waters...
JoeSchmoe imo, NO it wouldn't
SKELFLA Zig I know of him... But remember I'm not a proponent of the "overnight" RV I'm just trying to piece together a puzzle concerning these institutional transactions. So far it doesn't appear I'm going to he successful. Kap was one of my last hopes... which was obviously unfounded.
JoeSchmoe so if what I think above is accurate at all, and if skefla's thoughts are anywhere close to being accurate with 80% of the dinar being in country, then they only have to cover what is out of country
JoeSchmoe so the 72 trillion isn't what they have to cover
Sparky JoeSchmoe ...need to cover in country...imo...ie 80 %
SKELFLA JoeSchmoe What? Why would they only have to cover what is outside of Iraq? You mean to say that Iraq would become the worlds biggest charity to the detriment of their own people? Lol
JoeSchmoe Sparky why, when dinar is worth a dinar no matter what it is worth to other countries currencies
JoeSchmoe wouldn't the price of goods just increase? Use my example of IF our usd was pegged to something else
Sparky JoeSchmoe ... would equate to purchasing power for Iraqis...
JoeSchmoe I'm just trying to use kap's figures of there not being enough money in the world to cover it. THAT is just using a usd exchange too
SKELFLA JoeSchmoe You're playing checker economics ... Monetary policy doesn't work like that. I suspect you have listened to breitling one too many times. I could list a dozen things he has stated that a patently false.
JoeSchmoe imo, all these that say this are insinuating that iraqis that hold say 1 million dinar, are all of a sudden going to become millionaires
JoeSchmoe SKELFLA i have never listened to him. I am just trying to use what common sense I can think of
SKELFLA JoeSchmoe Fair enough...
JoeSchmoe maybe if the iraqis exchanged their dinar for usd, and used usd forever.
Sparky JoeSchmoe when the IQD rises in value, they can buy more at the store, with less Dinar...if my logic is correct...
JoeSchmoe Sparky I always thought the prices on goods would reflect the rise
JoeSchmoe and those prices wwould increase
Sparky JoeSchmoe ...why ?...
JoeSchmoe I'm not saying I am right, just trying to use common sense
Matt So we're all speculating and we all have our own opinions
JoeSchmoe Sparky use my example from above
JoeSchmoe about IF our usd was pegged to the euro
JoeSchmoe instead of having every currency pegged to us
JoeSchmoe what would happen to my $100,000 in the bank if the rate rose, say for a obvious stupid example, 10 times. Would I then be a millionair?
Sparky JoeSchmoe ...not sure of why you would think products would rise in cost...
JoeSchmoe Sparky maybe I'm just getting confused, as goes with this whole thing. But I think something would happen to reflect the increase
Sparky JoeSchmoe ... again, not sure...but I have an account in Iraq... just in case... digital / electronic...
JoeSchmoe Sparky through warka? or forex
Sparky JoeSchmoe yup...
JoeSchmoe would that money, if an increase occured, be in dinar or dollars?
Sparky JoeSchmoe easily convertible...as to hold an account, must have both USD, ...and IQD... I m currently getting 6.5 % interest in my Warka account...
JoeSchmoe Sparky are you of iraqi or middle eastern decent? Not saying it matters, just wondering because you have this.
Sparky JoeSchmoe nope, Irish American...lived here all my life...
JoeSchmoe gotcha. Just opened the account to deal with this whole thing?
Zig Sparky : Did you ever try and withdraw some of your money in Warka??
JoeSchmoe might not be a bad thing to play the iraq stock market, if youre smart enough to do it.
Sparky JoeSchmoe yup, and to try and cover my bases, if they change currency...ie...IQR...
Sparky Zig no...not even sure if I ever will be able to...
JoeSchmoe Sparky yea, that went through my mind back when warka, or whatever it was, made it so we could open accounts
JoeSchmoe but I wwanted to have it more tangible, that I could actually hold it
Sparky JoeSchmoe ... agree... I prefer it in my hand...
JoeSchmoe Sparky do you have ALL your dinar with warka? or some in hand too
Sparky JoeSchmoe ...maybe, 10 % in Warka...
JoeSchmoe smart okay, enough dinar. Got better things to do today lol
Sparky JoeSchmoe ...will probably go via a brokerage firm when the rate changes...and, Warka is on line with the ISX...
Sparky ...Citi Bank will be my first call...
Baxter 8-30-2019 Newshound Guru Jeff ...keep in mind Iraq is still under UN Chapter 7 sanctions...Notice how the UN is back in Iraq over the last few days...Iraq is fulfilling its obligations to get out of Ch. 7 to become international. And notice how they're doing it in Q3. Article quote "Commitment show by Iraq in fulfilling all remaining international obligations..." This is showing you Iraq is on its way out of Ch 7 and that's why the UN is there now. This is huge...
Zig Baxter : I invited Jeff a couple of times recently.....he asked for the link but so far has not come.....
Baxter Zig.. I know you did.. probably looked at us..and ran
Zig LOL......True.....
Sparky. .. SKELFLA may be the real deal, let's give a chance...
Zig Who knows... I am skeptical of everything.....but it can be fun.......
Sparky ... interesting input by Skelfla...think it's legit...
Young_SC Sparky you think everything is legit so why not the other gurus like Beni lol
Sparky Young_SC ...can you dispute anything said by Skelfla?
Dave Sparky SKelfa? a lopstert
SparkyDave yes, new contributor to the room...
Dave Sparky Contributing what....../
Sparky Dave ... thoughts,
Dave school buds in high places...?
missme If this is an opinionated chat, why is anyone penalized for challenging the opinions of others?
SKELFLA You guys are quite the bunch!
Dave SKELFLA HOWDY.....
Dave welcome to the Asylum
SKELFLA Tebow And what is it you do exactly? From what I've seen nothing you say has any substance whatsoever..
Tebow SKELFLA From what I see neither do you!
Sparky SKELFLA no offense meant...
SKELFLA Sparky none taken... I expect people to take shots I would do the same.
SKELFLA Dave I was very disappointed with my discussion with Kap today for someone who has been in this thing for as long as he has and purports to have done his research he is a little clueless about the mechanics of global monetary systems. Not putting him down just a little disappointed.
Young_SCSKEL FLA its better for someone to stay quiet then to come into a chat room to create false narratives
Young_SC My CBI contact??
SKELFLA Young_SC What false narratives have I been propagating?
Young_SC SKELFLA the amount of dinar in CIRCULATION
Young_SC NO ONE KNOWS PLAIN AND SIMPLE
SKELFLA Dave The very fact you claim my statements are b* contradicts your own argument!
Dave wrong Kap DOES!
missme SKELFLA If you honestly feel that way, why does what he say bother you? It seems to me that you are secure in your opinions?
Young_SC SKELFLA And your CBI contact nonsense talk
Dave SKELFLA not refering to you at All?
Sparky Young_SC ...can you prove wrong yet ?
Young_SC NO CBI OFFICIAL WILL EVER LET CONFIDENTIAL INFORMATION OUT TO ANYONE
SKELFLA Young_SC Once again I need to clarify myself! The facts are clear there are over 42Trillion in circulation... That's a fact!
Sparky Young_SC ... consultant...only shared basic information..
Tebow Zig I'm doing pretty good at staying out of the gutter, huh?
SKELFLA Young_SC What confidential information would that be?
Dave SKELFLA How much of that is CBI currently sitting on?
Dave just because they could be sitting on it need nort mean ots out of circulation
missme Even though I can appreciate all opinions, in my opinion, much talk is pointless because we simply are not well-informed enough of what the CBI is actually doing or going to do....it's all speculation...
SKELFLA Young_SC Nonsense talk really ? When and if Baxter contacts me I'll send him a video of a seminar where I'm the guest speaker ! A CBI seminar five years ago where a blond eyed European ( that would be me ) is speaking Arabic during the whole call!
Young_SC SKELFLA Where is your proof? I'll wait
Tebow missme correct
Zig WE WANT PROOF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Dave Zig some prefer crystal balls
Young_SC Dave lol
Young_SC SKELFLA but yet you are here? For what reason
SKELFLA Young_SC Honestly I'm wondering myself... Originally it was to have a chat with Kap. Now that's done .... I suppose it must be ego... Not sure ... I find it entertaining for sure
Dave SKELFLA How much of that note count is CBI currently sitting on?
SKELFLA missme I don't know other than an educated guess. But I know for a fact how much they have stored outside Iraq mainly by throughout out Europe.
Dave Air Force One is loaded with dinar i hear
Sparky Dave ... billions over Baghdad...
missme SKELFLA Educated guess is not sufficient....and what you claim to know still does not warrant anything conclusively concerning the CBI and its desired outcome....
SKELFLA missme really ? Okay I'll give you something ! Even Kap will not know this.... The IMF has a redemption programme in place to buy Dinar at a premium from pre approved institutions that have purchased Dinar including foreign central banks such as the ECB.
Sparky missme ... sound educated...
Tebow Sparky Google it
missme SKELFLA Your information still does not warrant a conclusion of what the CBI is going to do....that's my point! You yourself has already agreed to that as to your cumulative theories....
Sparky SKELFLA ... interesting...
Sparky Tebow ... how do you spell Google ?
SKELFLA missme What? Lol if you are going to take me on at least get your grammar right! "Warrant a conclusion" don't try so hard ! Lol
Dave SKELFLA Could you provide the link for that
SKELFLA missme But yes , you are correct I don't know what the CBI's intentions are and I'm pretty sure neither do they !
SKELFLA Dave To what ? A link to what ?
Dave SKELFLA Nor did they when I first invested......
Tebowpay attention
missme SKELFLA I'm not engaging you as to your allegedly intellectual prowess on the IQD....you can question my grammar all day long as I'm not in a chat for grammar purposes...thank you for your admission that I am right as that is my point to you and everyone else...
Dave The IMF has a redemption programme in place to buy Dinar at a premium from pre approved institutions that have purchased Dinar including foreign central banks such as the ECB. SKELFLA
Dave aand how much of this note count is CBI sitting on currently
SKELFLA Dave Its not public knowledge..and yes, I know the criticism that will now be slung my my but its a fact. And that will definitely be made public before the end of the year.
Sparky SKELFLA ... still on your side...
Dave ASked Kap too....no response
SKELFLA Dave If he had known he would have said something during our discussion today. He didn't.
Sparky SKELFLA ... sounds legit...
Dave Sparky speculative at best!
Tebow Dave yes
Sparky Tebow ...S said previously, not personally invested... just seeking opinions as to why institutional investors would pay a very high premium, to get in this game...
SKELFLA Sparky That's 100% correct.
SKELFLA But TEBOW then proceeded to call me a dinar pumped?!?! Lol
Dave SKELFLA BUY DINAR CHEAP ON EBAY >>>WHY PAY A PREMIUM?
Sparky Dave ...that would be the question...
Dave must be BAD investors SKELFLA ILL take a DIMe NOWWWWWWWWW
SKELFLA Dave Good point... But the dinar the institutions are buying are in quantities than no reseller could come close to filling plus as I have stated previously there are other prerequisites including but not limited to CBI approval.
SKELFLA Dave Also Dave with all the KYC & AML regulations in place do you really think an institution is going to be allowed to buy Dinar via eBay??? What compliance department would approve that?
Sparky SKELFLA ...and am seeking a profitable outcome... otherwise, I wouldn't be wasting my time...
Sparky SKELFLA ...only constant is change, and time is our most precious commodity...
Dave TRy toronto dinar exchange.......buy 100m dinar today
SKELFLA Technically the CBI is not allowed to sell IQD offshore. Something even Kap doesn't know.. So things become very complicated as the institutions clearly stipulate CBI clearance .....
SKELFLA Dave You keep missing my points... Those exchanges cannot provide the documentation not even close... Its a completely different ball game.
Dave SKELFLA I see next chat will be no documentation.......counterfeit
foxmulder SKELFLA if the C.B.I is not allowed to sell offshore or out of country then please clarify off shore ! as far as I know it is legal to sell I.Q.D in the US , amount of sales should not matter .
Sparky SKELFLA .. your only talking 300 million USD...
SKELFLA foxmulder Incorrect... None of the dinars sold through those exchanges have been legally sanctioned by the CBI. The majority of that Dinar was taken out of iraq illegally ...
foxmulder SKELFLA I will not need documentation if and when I exchange.
Sparky foxmulder ... correct...
foxmulder SKELFLA b* it is allowed through the US treasury period . if it was questionable then we could not buy it
foxmulder the C.B.I knows exactly about the dinars sold in the US
SKELFLA foxmulder As I have stated previously I'm not an believer in a mythical overnight RV. That is clearly an economical and mathematical impossibility... I have a huge disdain for all the b* these so called gurus propagate.
Dave foxmulder thought big wigs in banking would know the rules
foxmulder SKELFLA I never said I was either , but I do know currencies fluctuate ! that is my hope a swing in the positive direction.
SKELFLA foxmulder I'm not disputing that ! Yes of course they know about the speculation they have made money of it. And its not illegal to own dinar. But technically its illegal for Iraq to export dinar specifically to speculators.
Dave foxmulder i think SKELFLA is trying to tell us we are allscrewed
foxmulder SKELFLA all currency trading is speculating > as is all trading of stocks and currencies.
SKELFLA Dave No not necessarily. But I also believe that whatever it is that is going on may not necessarily impact the average speculator.
Tebow US Treasury Registered:
SafeDinar.com is registered with the United States Treasury as a Money Service Business (MSB). Seems legal to me!
Sparky Dave ...no...he knows only that institution investors, are playing...