IQD CALLS Chat Wednesday Evening 10-16-19
IQD CALLS Chat Wednesday Evening 10-16-19
Baxter I like Kap... and he is very knowledgeable in this... but he is kind of... "Old School".. on some of his ideas... I know Iraq cant pay for 42 trillion outstanding dinar to come back in at even a dollar... but... the U.S.... has 2.7 trillion dollars out in the world economy..and we are at least 22 trillion in debt...and we are still doing fine...
the dollar is as strong as ever.. could we come up with the money to pay off our debt...? Heck No... all the other countries are the same way... so I dont think the amt of dinar out there...has to have that much money in the bank.. to be able to pay for it... no country does
Clay https://cbi.iq/static/uploads/up/file-156879800127996.pdf
Dave Clay did you look at that link......note anything strange?
Dave the one you sent from cbi
Baxter what was so strange about it
Dave assets and liabilities....
Baxter its in thousands
Baxter you have to add three zeroes
Dave yes but note both lines.........they match to the penny
Baxter im too busy right now
Dave bottom lines......match
Dave to the cent
Baxter well they should.. its a balance sheet
Dave funny it makes no mention of their reserves......70B usd ish either
Dave multiply that by 1000
Zig Yeah....their reserves more than cover the amount of currency out there....almost double.....
Baxter its at least worth a DIME
Dave under liabilities......7,903,265,458
Dave thought reserves would be an asset
Dave Gold holdings considered an asset
Baxter WE SHOULD have showed that to Kap
Dave reads everything
Zig Baxter : You should have!!....get on the ball, will ya??.....lol
Baxter LOL
Clay Dave ni I didnt
Dave not a financial expert........
Dave missed another boat perchance.....have more questions than answers on that
Wilder UAE Becomes World's First Country to Restore Iraqi Churches Destroyed by ISIS. JERUSALEM, Israel - The United Arab Emirates is teaming up with UNESCO to rebuild two Christian churches in Mosul, Iraq that were destroyed by ISIS in 2014. https://www1.cbn.com/cbnnews/cwn/2019/october/uae-becomes-worlds-first-country-to-restore-iraqi-churches-destroyed-by-isis
Francis Albert Kaperoni brings interesting material to this room. I would encourage those of you who just want to fight with him, to ask good pointed questions and see what we can learn. Snarky is soooo boring. (snarky comments)
Francis Albert We've mentioned JP Morgan and NY Melon as top of the food chain for CBI for years, and then Kap brought in today that Iraq is controlled by IMF. Yes indeed, and The IMF, U.N. all the big banks are either one, drink from the same cup or at the very lease meet and sit with one another.
biff I want my 1.20 dime Baxter ;$$$ ;c-ball
Clay the far more frequently-encountered sense “sarcastic, impertinent or irreverent.”
Whitelions The Central Bank of Iraq announces that the National Bank of the Republic of Belarus issued for circulation updated banknotes of two categories (10, 5) rubles issued in 2009.
Central Bank of Iraq information Office 16 October 2019
Whitelions The Swiss National Bank informs the Central Bank of Iraq of the renewal of its banknote of 100 francs these are iraq money in these countreys
Baxter so what does this mean??
Baxter in English?
Doug_W business as usual just informing other commercial banks they are comming Bax
spankie thx whitelions--lol
Baxter I kind of figured... just more news that leads to nowhere... but I do appreciate it
Baxter maybe next year
WilderA link to what Whitelions was sharing earlier. Economy News _ Baghdad
The Central Bank of Iraq, Monday, informed all Iraqi banks of the new version of the category of 200 Swiss francs. http://economy-news.net/content.php?id=14066
16 Oct 19, 07:13 PMWilderThe Central Bank of Iraq announces that the National Bank of the Republic of Belarus issued for circulation updated banknotes of two categories (10, 5) rubles issued in 2009.
Central Bank of Iraq information Office 16 October 2019 . https://cbi.iq/news/view/1315
Francis Albert Previously from Sir Kaperoni
Francis Albert But if they were to RV at let’s say 1 to 1 then the liability would become $42 trillion dollars…and this is why we say the CBI could never substantially RV because they couldn’t afford $42 trillion dollars.
That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion…
Read more at: https://dinardetectives.com/kaperoni-506/
Francis Albert To respond to Kap's quote above. Black and White, he's correct. The balance sheet actually shows the 48 Billion number of Dinars is in Thousands...so, little error there..but in thousands the balance sheet from CBI shows 48 Trillion Dinar "
Francis Albert excuse...fat finger....shows 48 Trillion Dinar "out there." Higher than what Kap has been saying. The things I believe he's missing. Firstly the Oil Credits and the banks create the dollars, UST ends up with oodles of Dinar and exchange bank to CBI, (when it is comfortable for Iraq), at a cheap oil cost. Without the credits the whole point of the war is moot.
Francis Albert Secondly, no one, including myself or Kap knows where these 48 Trillion Dinar are. He's assuming if Dinar goes from current to .50 then Iraq has to pony up 24 Trillion Dollars. Bad assumption.
IMO, the vast, vast majority of these Dinar are in Central Banks around the globe. The very Central Banks that orchestrated the war. They have all the prerogative in the World to exchange whenever they want, up to 10 years..or not at all.
Francis Albert Wait a minute..destroy currency? Central Banks destroy debt instruments to suit their motives all the time. Why? Because they create currency for a living. This is not about "money" for Central Banks. It is about market share, dominance of the dollar remaining, power and control.
Francis Albert I argue these very bankers that convinced the Neo Cons, Cheney et al to invade Iraq in the first place have accomplished their goals of killing Saddam who was threatening to sell his oils for Dinar. And, destroying the company so they can get paid to rebuild it with funny money.
Put massive bases in to look after their "national interests" over there. So, IMO they will do everything they can to have Iraq be strong and the people happy and along with the IMF, (same people) are doing all they can to have Iraq do currency reforms.
Francis Albert So, Kaps ongoing diatribe about money supply etc.just doesn't hunt and is only a thread of the story,