IQD CALLS Chat With Kaperoni Early Thursday 9-19-19
IQD CALLS Chat With kaperoni Early Thursday 9-19-19
Baxter Good Morning Dinarland.... My Dimes may turn into quarters.... (spinning dimes & quarters)
Baxter I might have to go down to a nickel.. Dimes aint working at all
Zig Those spinning coins are getting so boring and repetitive......Jeez....can't you see that??.....Think of something new......be creative......
spankie but bax , they keep discussing monetary change -- for how many years?
Baxter 14 that I know of
spankie pics of dollars
Zig I have invited "MarkZ" to join us....
Zig Would be interesting if he came....but I doubt that he will......
Chattels BAGHDAD / NINA / A member of the Parliamentary Committee for Economy and Investment Riyad al-Tamimi said: "Iraq wasted more than 4,000 infrastructure projects during 6 years caused waste more than 200 trillion dinars.
chattels 200 billion dollars. About 1/3 of their total budget for the past 6 years.
chattels BAGHDAD — Ankara and Baghdad are working toward building a new oil pipeline with the capacity to transport one million barrels per day from Iraq's Kirkuk fields to the Turkish border.
"The Iraqi government is now examining tenders for the new oil pipeline between Iraqi and Turkey, after having finished with the engineering and technical studies," Iraqi Ministry of Oil spokesperson Assem Jihad told Al-Monitor recently. He added that construction will probably get underway in 2020.
chattels Look at the photo showing the massive flaring from the well heads. What a waste. Talk about environmental impact.
Chattels Iraqi PM Abdel-Mahdi: we have reached an agreement with Erbil on the administration of Kirkuk. We have cut Kurdish Region’s portion of national budget because it is not giving us 250K barrels of oil daily. LINK
Zig Young_SC : I have invited a lot of different people....so people could challenge them and ask tough questions, etc.....
Zig There is no other place where you can confront those people and question their credibility.....like you do with Kaperoni.....
Zig However, most will not come here as they know they will be confronted......
Young_SC Zig That is true
Zig You have to give Kaperoni credit for even coming in here at all......lol
Zig as he is constantly attacked.....yet he keeps coming back for more......lol
Zig This is an open chat room....we do no screening.....everyone is welcome to express their views, whether positive or negative....or indifferent.....
Zig Look, we welcome people like Jeff to come in here.....hopefully people can ask tough questions but be civil.....however, most of them do not want to as they can't defend their positions.....have no proof.....etc....just opinions......
Zig Jeff does state in his videos that they are just his opinions....and people should not take his advice.......
Clay I wonder if the situation with Iran will hurt us or help us due to the fact it may allow Iraq to sell more oil
Clay hoping the later
Young_SC Nah i doubt it
Young_SC One thing i always tell people that this revaluation purpose is mainly for its own people and its own country while we here in North America are the Ants
Clay we need them to go global again
Young_SC People like guru jeff and kap always forget that
Young_SC Thats why i kinda laugh when gurus say well this has to happen for this to happen vice versa and i disagree. At the end of the day the CBI is in charge of its currency and can give purchasing power for its own citizens regardless. Cue the reasoning why Kap has major holes in his theory and never talks about what the CBI had stated
Young_SC GOI is not in charge of the currency. They will vote on certain things but CBI IS IN CHARGE.
Clay right so what can possibly be the reasoning for them not increasing the value yet
Zig Young_SC : So you don't think that the IMF has a major role?
Zig A major influence.....guidance.....collaboration....etc??
Young_SC Zig IMF can tell them what is best but it is up to Iraq to do what they what to do
Young_SC Iraq has already stated what they want to do with their currency
Young_SC And wanting to become the central hub for the Middle East
Zig Young_SC : Too bad you can't have a good conversation with Kaperoni when he comes in here.....lol.....keep it civil.....and just disagree in a more friendly way....would be interesting......
Young_SC And people forget that Iraq had stated for this current leglaslative terms they will not be following the old traditional Monetary policy. They have made changes to it during the last current session. The traditional monetary policy does not fit them at this time as stated by the GOI in the March 20th article
Clay what is the difference between old and new
Young_SC Clay when kap references the old monetary policy i think that is where his float solution comes into play
Clay ok thanks CBI told us no float and value will be the highest in the ME
Clay they told us that and yet Kap still insists on float
Zig "Kaperoni" ........"First of all Zig, there have been many discussions about a float over the years from the CBI, and economic experts in Iraq. Many of them positive. One of which was discussed even recently.
A year or so ago when somebody asked the CBI about floating the currency their response was that they weren't going to float AT THIS TIME and it was taken out of context as if they were saying no float ever.
But that's not the truth, the truth is they were not ready to float at that time and proper translation of the article was necessary because all countries float eventually especially Emerging Markets.
And there have been many examples of countries moving from fixed to float over the last few years. Even several in the Middle East"
Zig "AT THIS TIME"
Zig Kap sent me that recently to post here.....
Zig Tebow : He denies making money there from anything.....said he has no part in the ownership at Dinar Alert....just posts there.....of course we will never know......people will believe whatever they wish......I have no idea.....
Zig We will never know....when someone has been accused of making money how can they prove that they are not?......People have accused me of being paid via IQDCalls for the role I have played here.....lol....how can I prove that I am not??......lol......
Zig Tebow : Yeah, Kap does spend a lot of time on each call promoting that site.....no doubt......
Kaperoni Zig, they are not my calls. They are DA calls. Therefore, I talk about DA and the website. I agreed to host those calls years ago. But I make no money doing them. It was always done as a favor to the owner.
Kaperoni As for the website, I have nothing to do with the website other than just to post on it. Again it was just a website that I found and agreed to stay there and post and make no money on the site I never have. Anyone who comes to the site knows that.
Zig Kaperoni : No matter what you say, there will always be those who do not believe you......that's the way it goes......
Kaperoni I use my platform at Twitter to attack id*t gurus, promote the site, promote articles that I post. And anything else I choose to.
Zig I am sure there are still people who think I make money here.....
Zig Nothing you can do to convince some people.....futile.....
Kaperoni Zig, people can believe whatever they want but when they blatantly come out in public and make false statements like I'm making money off the site is an outright lie and I must defend myself
Zig I know
Kaperoni As for the dinar these clowns that believe that they're going to get rich overnight like to attack me for speaking factual information. But have never come up with a explanation for how they're going to cover 42 trillion + dinar in circulation LOL when some mythical RV is supposed to occur
Kaperoni There just is no way possible Iraq could ever cover that much money
Zig Kaperoni : Is that number accurate?.....people disagree as to how much Dinar is out there, etc....
Kaperoni Zig that number is accurate because it's not only on the CBI website in their own documents, it comes out frequently in public articles, and the IMF also reports such.
Who are you going to believe these professional organizations that print the factual information or these speculators who have no idea how monetary policy works?
Kaperoni Tebow if you want to give yourself any credibility at all justify with some facts how 42 trillion + dinar it's going to be covered with some mythical RV?
Kaperoni It's funny how you like to divert away from the facts I've asked you now several times to justify 42 trillion dinar and you refused to even answer the question
Tebow Kaperoni no 42 trillion
Kaperoni I have never presented any speculation on the dinar although the gurus constantly speculate their BS. Everything I've ever done regarding this investment from the beginning has been factual because I research and find specific information pertaining to what the plan is. People can believe whatever they want after that but I assure you there will be no RV
Kaperoni Okay I got to go. I only dropped in because some fools like to keep accusing me of things I have nothing to do with. And it's only right that I set the record straight
Wilder Old article. Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajai.
Wilder Didnt say postpone float. 5 years is about up?
Kaperoni "Al-Bajari said that the head of the Central Bank of Iraq had previously said that this policy from parliament was accepted and that the zeros will be deleted from the Iraqi currency in the next 5 years." They are talking about a LOP.
Wilder Tebow things change tho. I wont hold it against Kap. All in fun. I'm having a blast staying broke
Kaperoni Why else would Parliament need to be involved? Because they would have to approve such an event and pass a law accordingly. If you look at any other country that has Parliament has to approve such an event it is the same thing under the conditions of Iraq. Parliament would approve it they would lie and it would be a neutral event
Baxter I dont believe a LOP..... they would have done that years ago
Kaperoni Baxter, I agree I don't think they will and that's why they keep postponing it. But there are many who want to. But be assured there will be no RV
Baxter Kap... I dont care.... if I can find a dam dime out of this... I will be very happy
Wilder How long after Saddam did it take for currency to be replaced?
Zig Baxter : Many of us would be happy to exchange at 10 cents.....
spankie ,00086 ,86
Baxter I can see your point of a so called RV.... I dont know how that would be possible either....
Kaperoni Even that quote I reposted talks about deleting the zeros off of the notes. That's a LOP
Zig Not if that number of Dinar out there is accurate...
Zig an RV would be impossible if 42 trillion Dinar
Baxter most people dont realize how much a TRILLION is...
Kaperoni thumbs up
Baxter that it a thousand BILLION
Baxter AND to multiply that times 42.... calculators wont go that high
Zig I really don't care how it gains value.....
spankie china has 195 trillion yuan out
Baxter I dont either... just do SOMETHING..
Kaperoni Well if it's going to gain value it's not going to be random. Because central banks never do anything randomly
Zig Kaperoni : How much influence does the IMF have over the CBI?
Baxter Do realize that when I first got in this my first grandson was just starting to learn how to walk..... he has been driving a car now for a year.... thats how long this has been for me
Wilder Is the national debt based on credit regardless of value?
Kaperoni And all indications from Iraq are that they are planning to build and launch a market economy. And if that occurs then the CBI will need a tool to offset inflationary pressure created by such an event and that tool is to float the currency. believe it or not, but that is the tool
Baxter I dont doubt you Kap... I never have.... its that they just keep putting this off.... for so many years
Kaperoni Zig, the IMF has significant influence over the CBI because they are the trustee. That was made official in December of 2015. And has stayed in place since. That is why you have seen the progress at the CBI the way you have pertaining to monetary policy, the spread, money laundering, etc
Zig Baxter : Just waiting for the right conditions....lol
Kaperoni Baxter, frustrating yes. But I don't look at it as putting this off I look at it as just another step in and a bunch of steps. And the CBI is simply not ready at this point because the other steps have not been been completed.
Baxter those steps must go to the top of Mt Everest..
Kaperoni As for the parliament getting involved in the deletion of zeros we want them to keep putting that off. Kick-the-can-down-the-road as long as possible because the outcome is not anything we want to occur
larrykn Kaperoni your right , they seem to have put a hold on things that need to get done
Zig Kaperoni : So still the slight chance of the dreaded LOP?
larrykn Zig Iraq has always lied about things so I would say you just don't know but they did say they were not going to , I see a lop as not a good thing for them but you just never know.
Kaperoni Anything is possible in Iraq zig. But considering the IMF is the trustee over the CBI it is unlikely a LOP would be something the IMF would approve of. I would only see that occurring if the economic conditions failed for the development of the market economy and left no other option
Zig Kaperoni : You will never give up on this, will you?
Kaperoni If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP.
And in fact at that point I would see the CBI Implement moving to a float to allow the currency to appreciate to offset inflationary pressure created by that influx of capital through the capital account of the CBI. Remember the number one job of the CBI is to maintain monetary policy and reduce inflation.
Zig So 2020 will be interesting.....
Kaperoni I saw one of your other members I believe it was Sandy post that I could never appreciate that fast. But that is the very definition of the Balassa - Samuelson effect
Zig Kaperoni : Watch for Sandy to answer your post later this evening.....lol
Tebow Kaperoni Why the articles out of Iraq about the coins if they do not need them.
Kaperoni “In 1964, academics Bela Balassa, a Hungarian economist, and Paul Samuelson, a Nobel-Laureate economist, independently observed that countries with higher levels of productivity growth experienced rapidly rising real wages and so appreciating real exchange rates.
Academic studies since have suggested the picture is not as simple as Mr Balassa and Mr Samuelson first thought and that many other factors can also influence the model.
However, many long term investors in emerging market currencies, for example, have been able to benefit from the appreciation of those currencies which is arguably due to the Balassa-Samuelson effect.”
Zig Kaperoni : I have never seen anyone other than you refer to that.....you are unique.....
Kaperoni Zig, it is in print in the IMF Article IV.
Zig Kaperoni stands alone....hard to do in this community.....
Zig Kaperoni : Oh....must have missed that.....
Kaperoni The IMF is specifically referencing the Balassa -Samuelson effect as the outcome for the dinar. That is a fact
Tebow no it's not, nothing about the dinar
Kaperoni And considering the IMF is the trustee over the CBI I tend to believe them over Guru nonsense
Kaperoni "staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect,"
Kaperoni Lol. It's right there in print from the IMF
Zig Kaperoni does support his views.....can't deny that.....does not make up stuff like others.......
Kaperoni The IMF is asking the CBI to create the conditions to float the currency to allow it to appreciate based on the Balassa -Samuelson effect
Zig CBI said no float "AT THIS TIME"
Kaperoni Zig, I have no views. I go where the fax take me. And the fax say no RV.
Tebow Zig they didn't say 'AT THIS TIME" that's Kaps interperation
Zig Tebow : I remember reading that.....
Kaperoni If it ever gets to the point where Parliament has to step in be assured it will be a LOP
Tebow Tebow How about the articles pushing the coins if they don't plan on using them
Kaperoni Of course coins will be used. When you LOP you need coins and small notes
Zig They have mentioned coins quite often....yes.....
Tebow Zig so no float
Zig Don't ask me....I consider all possibilities.....lol....just waiting....