IQD CALLS CHAT Thursday Night 8-21-19

IQD CALLS CHAT Thursday Night 8-22-19

Post From IQD CALLS Chat Room

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

Sparky   Sam I Am .. interesting....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

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...

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   Patriots football in a half hour... gonna get it done again... check it out...

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

Sandyf   @Dave What is IQD? thought it meant Iraqi dinar?

As I said, a lack of understanding in respect of the Monetary unit. Zimbabwe has only ever had one monetary unit, the Zimbawe Dollar, but there has been four Zimbabwe currencies ZWD,ZWN,ZWR & ZWL.

Iran are planning to change both the monetary unit, from Rial to Toman, and the currency IRR. Highly likely the new Iranian currency will be IRT.

People keep asking of it was a redenomination, why not done already. Very simple, as it is a change to the monetary unit it would require an act of parliament. It is very difficult to get the Iraqi parliament to agree on anything. If a redenomination is on the cards it is not going to be anytime soon.

People should bear in mind that a change in value is not based on any singular event.

sandy   The terms "revaluation/devaluation" gets used out of context, it means when a country on a fixed exchange rate makes a change to the official rate of exchange.

In 1967 Harold Wilson devalued the GBP by 14%. At that point in time the GBP was still the most widely used currency for foreign reserves so every country holding GBP had an adjustment in the exchange rate.

No country, other than the UK devalued their currency, it was effectively a global currency reset.

Tebow   Kaperoni "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.". Once again Kap starts the name calling when someone disagrees with his opinion. Does he feel smarter by calling others "uneducated". I would say doing so does not bring any validity to anything you have to say. Clearly just the opposite!

Dave   sandyf here in Canada we have what they call a buck,dollar or Loonie......? Sounds like we are getting back to the IQN......LOL

Dave   Tebow I would respect Kap's opinion only if he considered anything CBI has to say

Sparky   Tebow ..in all fairness... Jeff investor, came at Kap, calling him several derogatory terms...why? Who knows... trying to debunk a possible outcome... I don't blame Kap for being pissed off at this new guru...

Dave   Sparky Kap is an old guru.......called me uneducated........

Sparky   ... I m starting to think this new guru, has a complex...bigger than mine...lol...

Sparky   ...now, if we could only get TNT Tony, Bruce, and Frank to square off...

Sparky   Tebow ...yes, I believe Kap changed horses mid stream back in '12...after we pulled out of Iraq under Obama...

Sparky   Tebow ...but, has been staying the course since...

Sparky.   ..with float from jump Street theory...

Young_SC   Sparky ;sleep;

Sparky   Young_SC     lol...

Young_SC   Sparky i want you to tell kap to go on the internet pull up any source/article from the CBI/Government ever stating that there will be a float or some potential float in the coming future that kap has been pushing down our throats for the last 5 years

Sparky  Young_SC ... don't let me keep you up..lol...

Young_SC  Ive already posted articles from the CBI Govenor of Iraq stating no float now it is your turn Sparky

Young_SC   Sparky Give me facts

Sparky   Young_SC ...not pushing anything on anyone... just a possible scenario...A source

Young_SC   Sparky no not you i meant Kap   I tease you because kap manipulated

Young_SC   Making you think float is guaranteed   As  he tells his many followers

Tebow   just another guru

Young_SC   Tebow lol

Sparky   Tebow ...lol...T, you can be harsh...

Young_SC   If you debate with sam all he does is talk about what happened back in 2002 or 1996 or 2006  

Young_SC   Nothing relevant    Old 20 year old information

Sparky   Young_SC ...fact is, none of us know Jack when they decide to let it ride, we will know it, after the fact...not a moment, or article before...imo

Portmagaland   Here's a another good read about the U.S. possibly devaluing the dollar, which I've been advocate with the belief that such a move would help the value of the dinar to reach a level that would poke holes in Kaps theory.

With that said Kaps theory on the surface is reasonable and that's why I feel the dollar has to drop in value, so we can possibly see a 1 to 1 exchange or higher on our end, but that's just me thinking out loud. Again time tells all.

Portmagaland   https://www.rethinkingthedollar.com/china-threatens-us-currency-intervention-would-lead-to-market-turmoil-and-unprecedented-political-fallout/

Sparky   Portmagaland ...in order for a sitting president, to have executive power to enact laws, without normal legislation...there must be a "war "...ie ....war on drugs, trade war, war on any country...etc.. therefore, we are always in some form, or fashion of war...circumvents the Constitution...so, they can do whatever suits their fancy at the time..m

Sparky   ... therefore, the current trade war serves two purposes...one, to allow Trump to do whatever he chooses, and two...can correct the unfair advantage of China trade exports, via currency manipulation...low value is beneficial to exporting...that is why I say, Iraq would benefit from a higher valuation... as they require imports to rebuild their country...

Sparky...some, if not all will be done through USD, or allies...maybe Paris club beneficiaries that "forgave debt, owed by the Saddam Hussain government...they probably did currency swaps as well... Just a thought...

 

https://www.iqdcalls.com/chat/