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...