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