IQD CALLS Chat Monday Evening 10-14-19

IQD CALLS Chat Monday Evening 10-14-19

Baxter   Kurdish leader and former Iraqi Finance Minister Hoshyar Zebari wrote in a tweet that the government won't be able to fulfill its promises to the demonstrators. "Iraqi anti-government protests are continuing in different districts of Baghdad and the south," he said.

"The pledges given by Iraq's three presidencies [Abdul Mahdi, President Barham Salih and parliament Speaker Mohammed al-Halbusi] to meet and quiet demonstrators are unworkable."

Zebari said the pledges would increase Iraq's 2020 budget deficit to more than $30 billion.

Baxter   MORE RIOTS COMING FOR SURE

Dave   at least they are after the crooks this time

Clay   yep

Dave   no more partisan bs

Dave    rich against the poor

Clay   as here

Baxter   Trump and Treas Sec are meeting right now to discuss sanctions on Turkey

Dave   Those PKK ....?

Clay   they already caused havoc

Dave   terrorists to the Turks?

Clay   Dave were American allies   now going to Russia   and ISIS is getting freed again

Dave   yepp

Baxter   then they will go into Iraq...and there goes my dimes

Dave   how many US troops left......It was not many?

Dave   50 left yesterday

Clay   Baxter yep unfortunately

Clay   Dave 1000 mI I think  they all left

Clay   thats u the Turks are slaughtering them

Baxter   there was only 50 troops there..

Clay   our allies... the kurds... now hate us

Clay     Baxter I thought 1000

Baxter   nope... 50

Clay   so whats the problem then

Baxter   so says fox news

Dave   PUK and PKK did not get along?

Baxter   we should have never gotten into Iraq in 03.... six trillion dollars..and thousands of lives later... look at the result..

Clay   nothing

Baxter   If I could just get a dime out of this... i would be ecstatic...

Dave   me three

Baxter   I would squeal the tires to the bank

Dave   just only wonder why iraq has not gone article 8 already....and slowly raised it rate years ago if they were planning a lop?

Dave   Russia Turkey Belarus Kuwait did that?

Doug_W   Silver:$17.77

Zig   I wonder if Dan (PTR) still mentions Dr. Todd....or that Abraham?.....I used to like listening to old Abe...an attorney?........lol

Baxter   oh... constantly... every call

Baxter   PTR SAYS that Dr Todd helped develop the Marshal Plan....really? ..On April 3, 1948, President Truman signed the Economic Recovery Act of 1948. It became known as the Marshall Plan, named for Secretary of State George Marshall, who in 1947 proposed that the United States provide economic assistance to restore the economic infrastructure of postwar Europe.

Baxter   if he would have been just 20 years old.. that would put his birth date before 1928... which would make him at least 91 years old today.... and... he is still working with the government in a top notch position... LOL

Zig   Baxter : Wanna bet that Dan will become a millionaire from that website.....

Baxter   probably already is at 40 grand a month coming in

Zig   Baxter : That may not be true....if you are basing that on the number of members you can't be sure how many of those are former and/or inactive peeps who are still listed.....IMO

Baxter   well.. I sneak in there once in a while.... and it sometimes shows there are about 1500 people on the call

Zig   Wow

Baxter    yep..they say they have 2000 members....which is probably true

Zig   Hmmmmm......well whatever the number, Dan is making a small fortune.....

Baxter   I do believe they have at least 1500 members..   and 20 bucks a month a piece

Kaperoni   Dave Article VIII is a one way street sort of speak.

Kaperoni   Once you accept it, you can never go back to XIV.

Kaperoni   So to simplify, they have to be very careful that they know what they're doing because once you accept the responsibility you have to be able to fulfill it

Kaperoni   And the IMF makes sure they understand how to manage monetary policy, and met the obligations or requirements of acceptance into Article VIII before they grant them acceptance cuz they don't want to see them fail it would be a mess.

Dave   iraq exchange rate been stable for how long now....?

Kaperoni   Dave Since March 2018.

Dave   no you are anti CBI......

Zig   Kaperoni : Hi

Kaperoni   Dave Not true. But if you're going to make the CBI the source of your information then you have to accept all of the information not just one or two articles. You can't pick and choose it's either All or Nothing so I choose to accept everything from everywhere

Dave   lolololololollo

Dave   1-2 articles every few months ........we got 10 years

Dave   Young_SC Ask Kap wheel barrows or wallets ...he refuses to answer me

Dave   Ask Kap where CBI stated float

Kaperoni   Dave for some reason you have animosity towards me I've never stated and I want people to listen to me my soul purpose is to find factual documentation and present it you can believe what you want either those facts or your own story I don't care if you follow me or not it's all up to you so I don't understand your negativity

Dave   you refuse to listen to us.....

Kaperoni   Dave because you talk nonsense. Speak intellectually and give me a an argument or a view that has some words more than wheelbarrow in it and I might listen to you

Young_SC   Kaperoni There is no animosity towards you. You refuse to listen to anyone else and continue to be arrogant

Dave   Kaperoni tried that you do not understanded.....dumbed it down for you to better understand

Kaperoni   Young_SC not true at all and I spoke to that topic last night I'm not arrogant I'm just intelligent and if you want to come to me with an intelligent conversation and you bring facts to support your argument I will listen to you but if you come on and you just want to talk gibberish then I will not respect you and I will tell you that you're wrong

Dave   Kaperoni i am dumb....show me when CBI stated free float?

Kaperoni   Dave whatever that's why I don't listen to you

Kaperoni   Dave it's not that cut and dry it's not a question of the CBI saying they're going to float or free float or anything like that it's what countries do. If you simply look at how countries evolve you will see they don't RV. They go from a fixed exchange rate to a float that is part of the transition because it's necessary to offset that inflationary pressure that's created from the economic and financial influx of investment.

Kaperoni   If you really care about your dinar and you want to know how country is evolve such as Emerging Markets you would read how these countries do this Iraq though has a lot more resources than most they still have to follow the same rules

Dave   UN imposed sanctions killed the dinar.....

Kaperoni   And there's a lot of documentation on the transition of Emerging Markets

Dave   Like what Russia and Belarus did ,,,,lol

mikexx   Hi Kap, whatever happened to that Aussie guy Russell?

Kaperoni   And if you did decide to read how Emerging Markets work then you would realize that there is no chance for an RV and then it even makes it more silly to think that you would get an RV when there's 42+ trillion in circulation outside the banking system

Dave   READ what CBI had to say 10 yrs ago.....

Kaperoni   mikexx I think he's still kind of going around Australia living in his van.

Kaperoni   Dave I read everything Dave

Dave   not that Balsamic Sammuellsom stufff which you added

Kaperoni   Dave I didn't add anything it's what the IMF stated I didn't put any words in fact I directly quoted quite frequently. That is from the staff who represents the IMF who works with Iraq it's close to the facts as you can get

Zig   Kaperoni Dave You guys will just never agree on much which is fine.....

Dave   not his opinions.....like what CBI had to say,,,thats all

Kaperoni   Zig that's because they sit in here rather than actually working and researching someday they're going to realize when they're no RV ever happened that how foolish they were and then they may open up two other alternatives but at this point they believe in some silly RV which all of us do it sometime when we first got into this some obviously take longer than others

Dave   Kaperoni recollect wto talks.....reality rate vs sanctioned rates?

Kaperoni   Dave first of all Dave anything from the CBI has to be translated and to believe that an online translator is accurate is your first mistake. You ask anybody who understands Arabic and they will tell you online translators for Arabic are nothing close to being accurate.

So everything from the CBI that is an Arabic has to be translated in unless you're hiring a professional translator I don't take anything that you provide to me as even close to being accurate.

One thing that DA did which was nice is had a professional translator for many years. Secondly the documents from the IMF are in English so they don't need to be translated and you can read them and see exactly what they say without confusion or misinterpretation

Zig   Dave : Didn't they say no float "AT THIS TIME"......if I recall correctly.....

Dave    Zig yrs of no float

Dave   managed float ....yes

Kaperoni   Like I said for years zig monetary policy is not a random act you can't just randomly go to a float or your economy and currency could collapse a float is a tool it's used to counter inflation and if you don't have the symptom (inflation) you don't apply the diagnosis. Believe me they will float when the time is right

Dave   1000 fils for that coke

Dave   not inflationary.....

Spankie   all currencies float daily

Dave   Kap familiar what it costs to mint a note or coin

Dave   CBI sets monetary policy not GOVT

Dave   Young_SC wow kap said i was right....now Govt sets monetary policy not CBI

Mikexx   I was one of the first people in the UK, if not the first to own dinars

mikexx   There were no chat rooms when i first started just IIF and Truck and Barter website

biff   mikexx Thats a lot of paper to be holding

Zig   mikexx : I once saw a chat room archive that was discussing the Dinar in 2006.......

mikexx   biff Yes, took me many years to get all that

biff   What chat room?

mikexx   Zig I know Truck and barter was the first, it was a US military site

Biff   Investors Iraq Forum

Zig   biff : Don't remember.....I think I googled Dinar chat.....something like that......

mikexx   The first dinar chat room ever was a site called something like WC, i was a member and so was milnbabe

biff   It was taken down last month

mikexx   and Dr Cashflow was the first guru before the word guru was ever used

biff   I was on the forum for 10 years

mikexx   I really started to get burned out when in July i got this reply from a Kurdish media station - The dinar typically only has domestic appeal. Dollars are also commonly used in Iraq, especially for significant purchases. The dinar hovers around 1,200 IQD to 1 USD. It is unlikely to significantly strengthen in either the short or long term. Currency stability is one of the major monetary goals of the Iraqi government.

mikexx   It's possible, but unlikely. The dinar has historically been quite stable, hovering between 1100 and 1200 for the last ten years at least. This helps with budget predictability, since Iraq is oil dependent, which is dollar denominated - They went on to say

mikexx   If you're interested in investing in Iraq, the UK government has many investment schemes and is quite supportive of investment as are a number of civil society groups.

mikexx   Yes, Sulaimani in the Kurdistan Region. We are a local TV channel and media group

Clay   whats he mean

mikexx   I made out i wanted to open up a business in Iraq and asked them if they thought the currency would go up in value

Clay   good idea

Baxter   PRES TRUMP is sending 1000 troops to help the Kurds... breaking news...

Baxter   Sanctions against Turkey have been Implemented.....

Baxter   thats my guru news for the day

Baxter   if you want anymore... it will cost you a DIME

Baxter   Maybe that call to bring the troops back..was to see what Turkey would do?

Baxter   now he knows

Clay   yep      let him give alot of pain to Turkey

Baxter   oh..he will.... big sanctions today

Clay   heard that

Clay   glad about the troops though

Baxter   yep 

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