IQD CALLS CHAT Thursday Evening  8-21-19

IQD CALLS CHAT Thursday Evening  8-21-19

Post From IQD CALLS Chat Room

 madness   been awhile, looks like lots of good news coming out of iraq

madness   I had to catch up

Xbruster69   Iran also put a Bill into Parliament to remove 4 zeros... from Rial..

madness   I wonder if iran removing the zeros has any effect or bearing on what were waiting for.

Young_SC   Who cares about Iran

Young_SC   Iran has nothing to do with gov/CBI of Iraq wanting to put their currency on the world stage

Young_SC   2 different worlds

Young_SC   One headed in the basement the other on the uprise

Young_SC   Monetary reforms for both countries are on different paths

Portmagaland   madness It's safe to say Iran knows all about the conversation swirling around the Dinar and Iran's action on the Rial is in preparation for Iraq's actions on the Dinar. They are each others biggest trading partners and I cant help but entertain the thought that it's all tied together somehow.

Young_SC   Not sure why you guys keep talking about the Iranian Rial

madness    sport that was my thinking, cause they are big trading partners

Portmagaland   Young_SC Because the timing of Iran transforming it's own currency during in the same timeframe as Iraq is a bit too much for me to write off as a coincidence.

Xbruster69   avoiding the double dip

madness   there was an article or theory that iran also did that so that Americans holding the rial would not become rich off there currency, due them being sanctioned all to hell dont know how that fits in there agenda

Young_SC   madness lolol you serious with that theory

Young_SC   Come on man

madness   no not really but someone did mention that some politician in iran said that

madness   I think its to balance trade, as there currency is now like our dinar, worth toilet paper

madness   funny a year ago you could buy iran rial, I called the local exchange and they said, nope due to sanctions we cannot sell nor exchange the rial

Portmagaland   I had on older lady from Iran as a passenger yesterda and she was reminiscing back when the Toman was 7 to 1 dollar. It was cool talking to her about this and it got me thinking. We have a ton of Iranians on the West Coast and most are all flush with Rial.

So, it's hard for me to think that it's against the law to own Rial like some have suggested. If that were the case then all the authorities would have to do is knock on their door raid their homes and there's a high probability that a hood portion of the West Coast Iranians have a nice stash of Rial. They're holding onto their Rial for the same reason we hold the dinar, hoping .....

Portmagaland   Good portion

Portmagaland   My Iranoan passenger, who was going to see her college aged grandson off to college laughed at the notion of the Rial being illegal to hold in the U.S. Then she stated the dollar is not illegal in Iran.

madness   its not against the law to own/hold rial, its just you cant exchange it due to sanctions, when iran wises up and comes to table and sanctions are lifted then yeah I see there currency going up in value, but from the looks of it, that could be a while

Portmagaland   madness Trump tweeted out last week that Iran wanted to make a deal, so at least Trump is open to negotiations.

madness   you can go on ebay and buy the rial, if it were illegal ebay would ban it too

madness   yeah Trump is right its in both of our interest not to go to war, just got to see when iran comes around, they have way more to lose if all hell breaks loose

madness   plus we would loose too, the dinar would not revalue with an all out war going on with iran, its bad all the way around

Portmagaland   madness Agreed

madness   iraq is too close im sure they have some influence telling iran hey dont blow our ride here buddy, they finally mention in iraq the word reinstatement, so now we sit and wait for baxters dime

Tebow   Portmagaland never

Portmagaland   Tebow Time tells all supposedly.

Portmagaland   Zig Did you sell your dinar?

Portmagaland   You brought Sam in here and he did his best convincing us to sell ours. Then you went AWOL?

Portmagaland   madness Anyone from Xanada in here, if so I have the following question. Is it against Canadian law to exchange for Iranian Rial in Canada?

Portmagaland   Canada

Portmagaland   Cuban cigars are legal in Canada, so maybe exchanging the Rial is, too?

Young_SC   Portmagaland who cares

Portmagaland    Young_SC    I care

Portmagaland   Maddog was just on Field's show and said some good things if you're following them.

Portmagaland   Young_SC Canada is not to far from Portland, drove there once and will do again if needed.

Sparky   Young_SC ...get over yourself bro...there is more opinions in this room than simply yours... free your mind...lol

Sparky Young_SC   we've seen articles that would have led us to believe, this ride would have been over several years ago,...and almost every year since...

Dave   Sparky ???????

Dave   CBI has never set out date or rate......

Sparky   Dave 2012, when Shabbs was talking... before Maliki silenced him...

Dave   Sparky never date or rate.....when stability is achieved....

Dave   2012...still no hcl 140 amnesty federal court laws

Sparky   Dave fully seated government, security and stability...back then...we were waiting on proxy seats to be filled... Security, interior, and defense...

Sparky   Dave ...are we sure those are necessary to increase the rate ?

Dave   Shabs......political, economic and social stability

Sparky   Dave yes, that's right...but I do recall Shabbibi referring to the iqd coming back to its former glory...highest in ME...if memory serves...

Dave   correct

Dave   i think they are not there yet.....

Dave   still no education minister?

Sparky   Dave ...at present...lowest in the ME...long way to travel...

Dave   a bridge to far?

Dave   look at the UAE

Sparky   Dave ...yes, ... wondering why that is the last seat to be filled...bong still going...

Dave   very young population.......

Dave   push Sharia education and burkas?

Sparky   Dave ... educate the masses on new monetary practices...ie, increasing purchasing power via new valuation against the USD...?

Dave   Sparky think they are happy just to get reliable power

Young_SC   Dave people forget that the whole reason for this revaluation is for the citizens of iraq to prosper and to have their purchasing power Sparky/Dave we are the last resort.

They do not care about us because we are the small ants in all of this. To tell the citizens purchasing power will not come soon because of a education minister seat not filled is fools gold. You guys are kidding yourselves but thats just my opinion

Dave   Sparky what are all those news arts talking about lately?

Dave   Young_SC Who stated that?

Sparky   Dave ... funny how, one of the most energy rich countries, doesn't allow their people to have access to basics... especially electrical... trying to keep them down...?... I know the answer to my own question...

Dave   Govt still not fully seated is all i stated

Dave   Sparky yes turn to the bong....lol

Young_SC   Dave lolol

Young_SC   But i find that a lot of people who are involved with this matter forget the true meaning of it

Sparky   Young_SC ... which is...?

Dave   Young_SC restore the purchasing power of the IQD?

Dave   deletion of 3 zeros

Sparky   Dave ...make me rich quickly...

Young_SC   Some outside of Iraq who have dinars benefit from it just because of having it. That is all, it ends at that

Dave   abbra cadabarra,,,,your rich

Young_SC   Sparky i just stated it

Young_SC   Read what i typed The whole paragraph is just above

Sparky   Dave Sadr still not happy with Mahdi, though... could be an issue...

Dave   Sparky his 6 mos over long ago.....

Sparky   Dave Sadr and Sistani will allow this to play out...imo...

Dave   Sparky been playing for yrs

Dave   Sadr refused to bathe.....due to corruption issues yrs back

Sparky   Dave ...when they say go...it's on...

Dave   Sparky When CBI say its on........

Sparky   Dave ...S and S, will tell them to move...jump, and how high...

Dave   yes Sadrs million man march ...i remember

Sparky   ... frivolous articles, from anyone else...is worthless...imo...

Dave   SO no Riots......?

Dave   before your time then.......

Dave   peoples getting killed.......

Dave   faux news......?

Dave   ....now Politicians.........Never lie

Sparky   Dave ... dancing in the streets of Bagdad...walls came down...maybe, they are happy with the beginning phase...but, will soon require more progress...for the people of Iraq...Sadr's people...

Dave   Sparky Green Zone now open for riots.........

Sparky   Dave ...or, dance parties...

Sparky   Dave ...that is a very telling sign for me...

Baxter   sparky.. what kind of sign is that

Dave   dancing not illegal in Iraq

Baxter  Signs of Dimes??

Sparky   Baxter Dance party in Baghdad last weekend...

Baxter   Oh boy

Dave   cant dance in Saudi arabia?

Baxter   someone was probably shooting bullets at their feet

Dave   lol

Sparky   Baxter ... hopefully, a new day is dawning in Iraq...things are certainly changing...

Baxter   well thats great news..

Baxter   I hope Sparky

Portmagaland   Dave Are you in Canada?

Dave   Portmagaland yes

Portmagaland   Dave Great! So, is Rial illegal there to exchange, do you know?

Dave   Portmagaland do not know......

Dave   check forex......

Portmagaland   Dave ok

Sparky...but, anyways... we're talking currency ...

Portmagaland   Sparky Only Iraqi

Sparky   Portmagaland yup...

Sparky   Portmagaland ...or, IQD vs USD...pegged or floated...king dollar is what most currencies, are measured against...

Portmagaland   Sparky It sounds like we're going to find out here shortly, unless this is a complete mind  **** again. Either way, it's going to be nice to move on, hopefully, in the direction, we are all hoping.

Sparky   ...the world's reserve currency...USD... accepted by all countries, to my knowledge...

Portmagaland   Sparky True, but all things come to an end. I think the petro dollar's death will come into play with the rise in the value of the Dinar.

Sparky   ..richer for sharing opinions, at least...

Portmagaland   Manarino was telling his subscribers yesterday to prepare for dollar devaluation. Manarino would laugh at us if we told him about the dinar.

Portmagaland   Sparky I heard the value of the Argentine Peso dropped 30% against the dollar in 20 minutes last week.

Sparky   Portmagaland ...USD is too strong right now...for exporting/ manufacturing countries...we are consumer's... not manufacturers...thanks to GATT and NAFTA...

Portmagaland   Sparky On the other side of that coin is our debt, you take away that debt, we dont consume. If you give that debt to other countries, then those countries too will be consumer countries as well. The numbers are skewed in a ridiculous manner.

Portmagaland   We're trillion dollars in debt, yet we are rich.

Portmagaland   Sounds like an oxymoron to me.

Sparky   Portmagaland Saudi is buying our debt in a big way...after Trump's visit...

Portmagaland   Sparky Suckers

Portmagaland   Back to work, have a good day. Chat later

Sparky   Portmagaland ...based on " the full faith and confidence " of the good ol' USA...not asset backed...yet...

Sparky   ...maybe Iraqi resources come in to play, at some point...

Sparky   ...and, how large the currency swap was, back when we went in... starting with Kuwait / Desert Storm, back in '91...then Suddam over taking... remember Gen Swatzkoff wanted to go into Baghdad...Bush Sr., Former head of CIA...said... wouldn't be prudent...not at this juncture...

Sr set all those fools up...they didn't even know how to get the oil out of the ground at that time...they still rely on foreigners to release their resources...Ali Baba and the 7 theives comes to mind...but, could be the bong talking...lol

Kaperoni   It's funny that this guru Jeff is calling me out referencing an article from 2012. An article that talks about reducing the currency in circulation by 30 trillion dinar that never was executed because Shabibi was run out of town.

First, I never said the CBI couldn't reduce the money supply, I just said they couldn't do it while continuing the daily auctions because the daily auctions provides a mechanism to maintain the stability of the dinar (which the CBI has done a good job with the last year or so) with a balance of dinar and dollars.

In fact, I am counting in the CBI to reduce the money supply as part of the float.

Clearly, this Jeff does not understand how the auctions work or what the purpose for them are. Anytime he wants to have a discussion about monetary policy I will gladly have it with him. I would guess he would decline since his followers would realize how uneducated he is.

Sparky   ...get a kick out of some young dudes in this room, that take Articles...as truth..., Oh well,...in the coming days, I suppose...we will see it when it happens, and not an article before...

Kaperoni   Have a good day.

Sparky   Kaperoni hi Kap

Sparky    Kaperoni what's your take on the recent coin articles ?

Sparky   ... re hashed...or wishful thinking ...

Sparky   ...Kap did change his position, back in 2012...at the time, was reinstate...as memory serves...

Sparky   ...but, the float theory makes sense... depending on how much CBI has to cover...

Sam I Am   Hey Kaperoni, how's my pizza coming?

Sparky   Sam I Am hey Sam...

Sam I Am   Hi Sparky

Sparky   Sam I Am ... what do you think about the current coin articles ?

Sam I Am   LOL   not much    You know what I think about news articles

Sparky   Sam I Am ...that would negate your position...if true...

Sparky   Sam I Am ... either way, glad to hear from you...

Sam I Am   Do you have a link to one of them?

Sparky   Sam I Am ... I don't do links... just synthesized information that has traveled through my brain...

Sparky   Sam I Am ...my recall is pretty good though, ...even though the bong is still lit...

Sam I Am   It looks to me like they're talking about representing the current dinar series with coin based denominations rather than paper because the paper currency wears out and is thus more expensive to manage.

Sparky   Sam I Am ... yesterday article..., But could be the day before... Iraqi news outlet some thing...

Sparky   Sam I Am ...25,000 coins ?...worth about $20 bucks...?

Sparky   Sam I Am ...why not just press out 1, 2, or 20 dinar coins ?...and what about fils... thousandths of a Dinar ... instead of keeping the monetary value status quo...?

Sam I Am   From the article I read the debate is over whether to issue coin currency or redenominate, so if they convert to coins without a redenomination that would make the 1K coin worth 85 cents, the 5K coin worth $4.25, the 10K worth $8.50, and the 25K worth $21.25

Matt   "Gururs" in competition

Sparky   Sam I Am ... interesting...

Sparky   Sam I Am ...where does the delete the zeros come in to play ?

Sam I Am   Sparky When they get around to replacing the current dinar with a new dinar minus three zeros

Sam I Am   Which IMO won't happen for many years

Sparky   Sam I Am IQN ?

Sam I Am   maybe, maybe some other representation but a different series for sure

Matt   Opinions a dime a dozen lol

Sparky   Sam I Am Sam I Am ... you sure...?...why have they waited...

Sam I Am   Sparky There's about 30 trillion reasons

Sam I Am   They don't want to be on the hook for exchanging USD for the dinar held abroad by speculators

Sparky   Sam I Am ...good response...

Sam I Am   They would have to hand over nearly $30 billion

Sparky   Sam I Am ... I like that billion talk...tell me more...

Sparky   Sam I Am ...3 months oil revenues...

Sam I Am   I gotta run sparky    later

Sparky  Sam I Am ... why would they do that, when they are positioned to be the tops in the middle East...and, need to rebuild their country...?

Sparky   Sam I Am later bro

Sparky   ...seems to me, that they would benefit from a higher currency valuation, when importing goods and services for Reconstruction...imo...

Sparky   ... they ain't China... exporting to Walmart...

Young_SC   Sparky well if you know that why entertain Sam?

Sparky   Young_SC because, everyones opinion is valuable...

Sparky   Young_SC ...and, I have no idea of how this endeavor will eventually play out...

Sparky   Young_SC ... hopefully, in our favor...

 

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