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.

https://ninanews.com/Website/News/Details?key=788207

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.

Read more: https://www.al-monitor.com/pulse/originals/2019/09/iraq-turkey-pipeline-kirkuk-ceyhan.html#ixzz5zyQ7wrRP

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

Clay   agree

Young_SC   People like guru jeff and kap always forget that

Clay   yep

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.

LINK -iraqinews-com.cdn.ampproject.org/v/s/www.iraqinews.com/features/iraqi-dinars-project-postponed-5-years-says-central-bank/amp/

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

Kaperoni   LOP

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..

Zig   LOL

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   Hmmmm.....okay.....

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....

 

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