IQD CALLS Chat Tuesday Evening 2-11-20

IQD CALLS Chat Tuesday Evening 2-11-20

Zig   Young_SC : Kaperoni's reply: "Lol. I don't change anything to suit my needs. It may have just been a typo or a slightly different version from using electronic translators. There are two or three translators online, each one produces slightly different results.

In any case, Arabic is a very difficult language and documents should never be taken as correctly translated electronically unless it's only used as general information. I actually have two very fluent translators that work with me and if something is important enough it is translated professionally by them because that's the only way to get the real intention.

I don't know where this quote came from or who it came from but who's is to say one quote is more accurate over the other? At the very least it's incredibly vague. These people that are critiquing things are doing so because they're trying to justify some kind of mythical RV/RI that's never going to happen.

And there are two major reasons why it can't happen because there's too much currency in circulation. That is a fact. And it's not how a central bank's monetary policy works. Any English economic book can explain that". Kap

Francis Albert   Well, with due respect to this "Kap" entity who ever he/she is. I see a post going around the Dinar sites quoting Kap as saying the PM, cabinet etc. etc. is slowing things down, expect months of delay. Kap doesn't thing anything relevant is going to happen. Delay for what Kap? Sorry, just think he's a terminal nay-sayer and likes the attention...so this is my last mention of him/her.

futuremoney    I expect months of delay just because its Iraq.and they suck

futuremoney   Francis Albert agree...Kap always does that...says that this and that going to stall the event..then turns around and says it not gonna happen..talks out of both sides of his mouth

Francis Albert   Money folks are saying Powell is going to say nothing about everything. They have no where to go with interest rates really. Kind of boxed in. IMO all they can do is print more money and give it at cheap rates to the big banks that own the NY FED. Priceless.

Francis Albert   Patty. I've studied monetary history for many years and I believe, for what it is worth, Central Banks will never, NEVER, admit their product, fiat currencies, are defective and will continue to print till people give up on a currency. A classic example is Zimbabwe. So, IMO, the only way the dollar will crash, (as many predict), is when they run out of zeros. Gold and Sliver, coins and bullion is the only real money on the Planet.

Kaperoni   Ah, I see I have fans. Lol  You people read sound bites that are taking off my Twitter account and post it on Recaps. And you never get the whole story Because you don't come and read the forums where I post daily. And then you wonder what the full intent was ? LOL, you're all too funny.

KaperoniI don't think any of you have any understanding of what the real intent is for Iraq. Because the comments that are made in this forums are so off the mark is ridiculous.

Kaperoni   For example the comment above about that. They have to RV to cover a 48 trillion-dollar planned deficit for the 2020 budget.

futuremoney   neither do you

Kaperoni   First off. It's not a 48 trillion-dollar budget. It's a deficit. Meaning that they plan to spend 48 trillion dinar more than they have in revenue.

Kaperoni   And for anyone who reads the documentation knows that it's a planned public-private partnership to launch a market economy. And the 48 trillion Is that expenditure and it will be covered by subsequent investment from the private sector.

Kaperoni   futuremoney your delusional

Futuremoney   as are you

Patty   Francis Albert I agree. Eventually one gold coin may be able to buy a car (it's the gas and insurance, etc. it wouldn't cover) Matt was very informative on this too.

Kaperoni   futuremoney Not at all. I'm very fact-based. Nothing that I'm telling you is not in documentation. People want to turn what I present as my opinion when in fact, it's all just provable facts. What you listen to is nonsense from gurus and stupidity.

Kaperoni   Zig Yeah, I saw that and then he accuses me of hiding or not coming in when he's here is if I would know when he's here or not. LOL another delusional individual

futuremoney    I don't listen to gurus or your ** either

Kaperoni   futuremoney Well, that's too bad. You might become educated if you listened to someone who actually knew what he was talking about.

Futuremoney   nobody does.  thats the whole problem

futuremoney    i got into this because the UN article of the reconstructionvof Iraq...stated on the economy that they planned in 2013 for the dinar to be returned to be equal to the dollar...

Kaperoni   futuremoney First off. You don't know what the intent of that really means and secondly. It never said it would happen overnight.

Futuremoney   that's at it said sorry

futuremoney   it stated it WOULD happen ..period..    the corruption killed everything

futuremoney   you cant even find that article on the UN site anymore

Kaperoni   futuremoney They could easily redenominate to 1 to 1 and accomplish the same thing.

futuremoney   sure    either way..thats what was stated

Kaperoni   But I love how many people want to assume. It's going to be some overnight significant RV when it's not physically possible. Because it fits the agenda of the guru nonsense

futuremoney   lol..if the UN says it..its pretty much true……  unless plans change

Zig   Kaperoni : What about an RI....as Frank says.....    Reinstatement

Kaperoni   Zig Those are just Guru terms nonsense. There will never be a single overnight event. . If the dinar is going to go up in value or get back to its previous value. It's going to take a long time.

Zig   Well most here would probably get out long before that.....lol....a nickel and I am gonzo...

Kaperoni   Like I already said if there's going to be a single overnight event. It's going to be a lop. And that would be your reinstatement. LOL

Dave   Kaperoni translation errors........?   how many languages can you translate the word NO?

Kaperoni   Zig, you got to correct these people that come on here that speak cryptically. If you want to speak, speak in full sentences not just 2 words

Young_SC   Kap respond to the translation article that zig made to your attention please

Zig   Young_SC : He replied in an email.....I posted it above

Kaperoni   In general electronic translation of Arabic is garbage.

Zig   Young_SC : Kaperoni's reply: "Lol. I don't change anything to suit my needs. It may have just been a typo or a slightly different version from using electronic translators.

There are two or three translators online, each one produces slightly different results. In any case, Arabic is a very difficult language and documents should never be taken as correctly translated electronically unless it's only used as general information.

I actually have two very fluent translators that work with me and if something is important enough it is translated professionally by them because that's the only way to get the real intention. I don't know where this quote came from or who it came from but who's is to say one quote is more accurate over the other?

At the very least it's incredibly vague. These people that are critiquing things are doing so because they're trying to justify some kind of mythical RV/RI that's never going to happen. And there are two major reasons why it can't happen because there's too much currency in circulation. That is a fact. And it's not how a central bank's monetary policy works. Any English economic book can explain that". Kap

Young_SC   Zig he replaced 3 paragraphs and left out certain words with his own words

Young_SC   That is not a translation ereor Translation erros are not words missing from the paragraph  Kap to me has an agenda

Patty   Kaperoni If the 48 trillion planned expenditure is to be covered by investments from the private sector...would that include China? Will Iraq be able to realize that with their current unrest, or is the unrest only magnified by the news?

Young_SC   Kap what other investments are you invovled in??

Kaperoni   not only translation errors from translators themselves, but there are online scanner translators for documents that are not in the correct format such as pdf.

Young_SC   Kap you can say what you want brother but i know what you did

Baxter   Hi Kap.... got a question... Is it possible for a country to have an International currency without being in Article 8 status with the IMF??

Kaperoni   Patty It would be inclusive to anyone who wants to get involved In the private sector, they have several signed contracts

Young_SC   https://www1.oanda.com/currency/iso-currency-codes/IQD

Young_SC   Hmm interesting   Kaperoni What other investments are you involved in

Young_SC   You have an agenda obviously

futuremoney   Young_SC web sites...LOL

Kaperoni   Baxter It depends on your definition of international. Iraq's currency is already International in a sense. But it's not fully recognized or accepted internationally until they take on and accept the conditions of Article 8

Kaperoni   Young_SC Non of your business

Young_SC   futuremoney lol

Baxter   would the banks recognize it to be a exchangeable currency.. without article 8... like could we cash in... so to speak... if it did revalue.. without article 8??

Kaperoni   Baxter Under the conditions of article 14 any bank can exchange Iraqi dinar if they so choose it's really at their discretion. But most do not

Baxter   Ok..thx

Young_SC   Kaperoni kap you can fool baxter patty or zig but you cannot fool me with your translation error nonsense. You SUBTRACTED CERTAIN PARAGRAPHS AND REPLACED IT WITH YOUR OWN WORDING SUCH AS 0% GRADUAL INCREASE

Young_SC   2. In the first consultations in Amman with the International Monetary Fund, inflation was The annual time at that time is more than 20% and that the economic model is adopted The Fund in implementing its program with Iraq may require reducing inflation to a level One decimal point to about 6%, and that this reduction needs to be approved The nominal nominal of the Iraqi dinar increases the external value of the dinar

It is the gradual increase in the Iraqi dinar exchange rate by anchor approximation 20% over the years of the program, as well as raising the internal value of the Iraqi dinar That is, the interest rate by adopting the monetary policy interest rate, which it lends and borrows The central bank of local banks with at least 20% of that to counteract the forces Generating inflationary expectations, which specifically refers to import forces

Kaperoni   Why would I waste my time with some article that nobody even knows what the hell that is from? ? LOL

Young_SC   Kaperoni   2 In the first consultations in Amman with the International Monetary Fund, inflation was the annual fulfilled that is more than 0 / and the economic model that adopted it

The Fund in implementing its program with Iraq may require reducing inflation to a level One decimal point to be around 75 and this reduction needs to be confirmed

My name for the Iraqi dinar increases the external value of the dinar (0101721)

0 It is a gradual increase in the Iraqi dinar exchange rate by an affinity

0 Over the years of the program, as well as raising the internal value of the Iraqi dinar

Young_SC   Who are you fooling?? LOL

Dave   https://www.youtube.com/watch?v=Bf9GshreUAs

Kaperoni   Again, my advice is for you to all start reading and find out what's really planned or happening in Iraq. You will find out that it's really quite exciting. A lot more exciting than the guru nonsense. Unfortunately, there are many many setbacks in Iraq. And just when you think things are getting to the point where they may Implement some of these exciting things. Then they have protest that set things back many months. But there is a plan. It's just not the plan that the gurus are saying.

Dave   this may help with translations

Kaperoni   But I have to go I thought I'd stop in and see if Deano was there. But he's not so. Of course, he will blame me for that coming at the wrong time.

Dave   translate no????ie CBI NO FLOAT

Young_SC   Kaperoni Why are you on the internet lying to people that you do not know LOLOL

Dave   watch that link it may help....provides No in Kurdish.......

Kaperoni   Dave Dave you're delusional. You don't understand how monetary policy Works. Floating the currency is the only exchange rate regime option other than a peg. The peg will have to end sooner than later If they expect significant investment.

Dave   Kaperoni listen to CBI ....NO your translational difficulties

Young_SC   Dave LOL

Kaperoni    Ok. Good luck. Enjoy your day.

Dave   Kaperoni watch my link.......?

Dave   NO at least in Kurdish........

Dave   Kap just has problems translating the word no.... https://www.youtube.com/watch?v=Bf9GshreUAs

Dave   we provide links ....at least

Dave   gosh how many times in all the years has CBI stated NO FLOAT.....??

Futuremoney   wen Shabbibi was head of the CBI..he stated that the dinar would revalue...then the UN article that i mentioned earlier is enough proof for me

Dave   futuremoney Alaq...TOOO

Dave   he dont count he is proxy after all

Dave   After years of exhausting research......I can find no example of no meaning yes

Patty   Francis Albert You were right about Powell, I heard all sorts of new ways to sort of skirt a question. Are all Fed Reserve Chairmen so evasive?

Sparky   Dave ..I'll invest in wheelbarrows if necesary...

Dave   not inflationary......lol

Dave   Pattycbi.iq

Dave    invest in that?

Patty   Dave Yes. Go there every AM., and to: https://www.exchangerates.org.uk/Iraqi-Dinar-IQD-currency-table-html

Sparky   ...Kap is a dude with his own opinion, like all of us...I don't this as us versus Kap...I personally appreciate his willingness to come to this chatroom and deal with so much sh it...if you don't like his take, you don't need to "torpoedo" him ...we are all in this thing together...

Dave    Sparky CBI has my opinions

Zig   Sparky : You may be the only one with that view.....lol....maybe Baxter as well.....

Dave   i have NO opinion other than what CBI HAS DIRECTLY STATED

Sparky   Zig ...any scenario where I see positive progress is just fine with me...

Sparky   Zig ...I believe both Kap and Sam are giving their honest opinions, and I appreciate their contributions...

Sparky   Dave ...Sam says no way; Kap says slowly...imo...could go either way, or another way...I sure as heck don't know Jack...

Dave    it’s all in the interpretation   translation....literally

Young_SC   THE DATE FOR VOTING ON THE CABINET IS THIS SUNDAY

Dave   Sparky Dedicated toooo

Young_SC   LINK

Sparky   Dave ...if they could get into a position to raise the value, even slowly, would't that beat the status quo ? ...

Dave   Sparky break out the wheel barrows then.....LDs......lol FILS LOLOLOLOl

Zig   Dave : English    LINK

Zig   Translating .....If you link to a page in Arabic first check near the top where you often find an "English" link....otherwise copy the address in you address bar and Google it....you will see a translation link usually in the first listing....usually the word translate, etc.....click on it.....simple....then if you wish you can copy the address and share with the room.........

Dave   Sparky Great companies...paid me to go to school

Sparky   Dave ...going back to interpretations...we all interpret the same words, events differently...thats what makes us individuals, with our own thoughts and opinions, and all are valid...imo...

Dave   yeah they call it the Tax Code   est cognito ergo sum....yeah the earth is flat too?

Sparky   Dave ...that's why you need a good CPA brah...

Dave   Sparky he is my BRAH

Zig   Email From Kaperoni:......... "Anybody who researches this investment will know the IMF is the trustee of the CBI. They took control in 2015. Therefore, and it is already been proven that the CBI does with the IMF tells them to do. So one only has to go read the Article IV consultation from a few years ago when Shabibi was preparing to transition. It is plan as day...........

14. The de facto fixed exchange rate (that means peg) has served Iraq well. The authorities agreed that a stable nominal exchange rate provides a valuable anchor for inflation expectations in an uncertain environment, and intend to continue implementing this policy for the foreseeable future.

In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy (they are talking about a float).

Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low..........It does not get any clearer than this direct from the IMF. Not only is this the plan but this conforms to monetary policy not some ridiculous Guru nonsense." Kap

Dave   what happened to art 1-13....cherry picking and debunked yrs ago

Dave   their was alot more to it than that?

Dave   debunked debunked debunked

Dave   much from economists not from CBI......  opinions.....

Dave   TRUSTEE...TRANSLATIONAL ERRORS

Dave   IMF compliance rules certainly......

Sparky   Dave ...thinking Iran is a key factor in our endeavor...squeeze them so tight, they will force change in value...as, IQD appears to me to be their life blood...imo...

Clay   I have always felt the Iranian influence is a huge factor

Dave   Sparky gets help from Russia China other nations as well?

Dave   Sparky iran ready to implode as well?

Sparky   Dave ...absolutely...but not enough to get past our war machine...

Dave   internally.....

Sparky   Dave ...working inside and out...imo...

Dave   yep

Dave   Sadr now too...arrg!

Sparky   Dave ..Iranians and Iraqi's want what we have, and because of social media, they know they can get it...

Dave   Sparky slowly.....

Sparky   Dave ...agree...

Dave   too many factions   **** disturbers

Sparky   Dave ...SOL and Iranian influence has been our hinderance...

Dave   with guns  part of the story other factors as well....coruption runs deeply

Sparky   Dave ...all those years of budget money...billions...to corruption...

Dave   700-800 billion usd

Sparky Dave ...if half of that money was spent on reconstruction, Iraq would be rebuilt already...

Dave   COI holding 130-150 billion   or frozen.......     Need trials to cash it in however

Sparky   Dave ...see, thats the issue with me, if...IF...they recoup the stolen funds from decades of corruption...there could be a substantial "tick " in the value of the IQD...

Dave   Sparky 150 billion tick in secs

Sparky   Dave ...electronic transfers...

Dave   better off now?

Sparky   Dave ...closer to a trillion in my estimation...

Sparky   Zig ...good article...thanks...Allawi voted in today, ministers next week...imu...

Futuremoney   Sparky sunday

Sparky   futuremoney ...oh, ok ...thanks...

futuremoney   Im not counting on it

Sparky   futuremoney ...thought it read 18th for ministers...

futuremoney   sunday for Allawi

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