IQD Calls Chat With Kaperoni  9-2-19

IQD Calls Chat With Kaperoni  9-2-19

Monday Night:

 madness   hope everyone is having a good labor day

Zig   "Baxter"    "So Guru Jeff says there's no funding in this from Iraq. It's a simple basic currency swap. Anyone care to comment ? I will comment... he doesnt know what the heck he is talking about"......I will send this to Jeff and hopefully he will come in and address it or send me a reply to post...

madness   the way it was explained to me, is the treasury dept. will take our dinar and in put it in there reserves and in turn use that currency to buy iraq oil at a discount price, think he told me it had something to due with the war as pay back for the money we spent getting saddam out of the there

madness   slow in here right now

xyz   madness maybe cause there has been false prophets preaching about LOP

madness   looks like as of late everyone on board this thing is in a 50/50 split

madness   yeah well trying to look at it logically there value is 1190 that is due to us putting sanctions on them, now they want to go international, well if they went international with a low program rate like that they would be the laughing stock of the currency world

madness   heck I know think the imf would allow that to happen, it may not come out at 4 dollar like the gurus are saying but it sure as hell is not going to come out globally with a value of toilet paper, that just does not make sense either

madness   I think about 6 or more months ago, iraq was audited, that audit I think was to get an idea of their value, so I think they already have a value in mind when there currency goes international

Kaperoni   Parliament has a value. It's at 1 to $1 and it's a LOP. lol Reducing 42 trillion to 42 billion.

Kaperoni   There can never be a substancial RV or RI with over 42 trillion dinar in circulation. Impossible for Iraq to support such an amount.

xyz   Kaperoni and float can?

Kaperoni   Everyone on this board should be hoping that come the first of the year, the laws are passed and international investors are lined up to bring money into Iraq to rebuild and support a market economy.

Kaperoni   yes xyz

Kaperoni   If that happens, the CBI can get off the peg and float the dinar to counter the pressure created on the financial system from this large influx of capital. As a result they can begin to reduce the money supply and allow the dinar to appreciate in value.

Kaperoni   That is the only hope

xyz   Kaperoni what's the difference if the floating take an year to 1000%, which you call gradual vs 1000% in a month?

Kaperoni   otherwise its a LOP and no gain...maybe some appreciation but not like we want.

xyz   Kaperoni I understand numbers better than keywords like float, lop, rv

xyz   Kaperoni please explain

Kaperoni   xyz, technically there is no difference but the pace and rate is set by the CBI. I don't know if they could reduce the money supply that fast.

Kaperoni   I think 6 months is realistic at a min.

xyz   Kaperoni according to you, float will be gain in value as a factor of longer period

Kaperoni   huh?

xyz    Kaperoni but you appear to agree that 6 months is enough to accomplish 1 to 1 through floating in 6 months

xyz   Kaperoni please work with me here

directly related to the amount of capital and pressure created by that through the CBI's Capital Account.

Kaperoni   Nothing the CBI does is random so to speculate on a time frame is silly. The rate and pace is directly related to the investment and pressure it creates.

xyz   Kaperoni assuming you are correct, cbi should be able to reduce 42trillions to 42 billions as long as it takes at least 6 months

xyz   Sorry on mobile device

Kaperoni   Many have talked about the billions waiting to come into Iraq. Some even say Iraq will be the next Wild West as far as investment. Time will tell.

xyz   Kaperoni sorry but sounds like you are preaching and not helping me understand

Kaperoni   What don't you understand?

Kaperoni   Think of Iraq's banking system as a slow running facet of water

Kaperoni   as more money comes into Iraq the water begins to run faster and faster...

xyz   Kaperoni never mind ... I understand you hypothesis but you have never explain the time factor.

Kaperoni   when it starts to back up, the CBI takes action to relieve the pressure.

Wilder   A lop would require a new currency?

Zig   Kap, after the float would start the money supply would have to gradually be reduced as the rate increased, correct??

Kaperoni   Wilder, yes and parliament has stated such.

Kaperoni   yes Zig

xyz   Kaperoni finance committee recently said reused coins. Am I dreaming?

Wilder   And we would have to trade in plus a fee

Kaperoni   Wilder, at some point yes, but the CBI stated years ago they would let both exist up to 10 years.

Kaperoni   xyz coins are only useful of they either reduce the currency and raise the value or LOP and introduce them as part of the new notes/coins

Zig   Kap. so there is a chance of a Lop??

Kaperoni   If Iraq did some overnight event, it would not be good for us.

xyz   A float in seconds vs at least 6 months (to make Kaperoni feel better) is a float. Shorter period is what I call rv

Wilder   If if your theory is correct. We will take a beating on initial investment tii whenever matures?

Kaperoni   Zig anything is possible..but I do not think the CBI would do such a thing, especially under the guidance of the IMF as trustee.

Zig    Kap, Jeff (Dinar Investor) recently joined the chat room.....would you be willing to have a discussion with him here?

Kaperoni   Zig, I will talk to anyone who knows what they are talking about.

Zig   So that means no??

Kaperoni   Wilder what does matures mean to you?

xyz   6 months float is still an rv

Wilder   Increase in value

Kaperoni   Zig, I will talk to anyone who knows what they are talking about.

Zig   So that means no??

Kaperoni   Well Wilder as an Investor, 1x or 2x my return is garbage.

Kaperoni   Zig yes, no I do not believe a LOP is coming.

Wilder   I agree

Zig   Kaperoni : I meant No as far as Jeff goes....

Kaperoni   I said it on Twitter today as well, why would Iraq be working so hard to create a market economy and get private investment if they did not plan to follow the IMF directive to float the dinar?

xyz   Kaperoni z will buy you coffee if it float for an to attain 1 to 1

Kaperoni   Zig I never turn down talking to anyone. how long it lasts is yet to be seen

Kaperoni   xyz I dont drink coffee

xyz   Kaperoni ok moonshine

Zig   1:1 could take forever.....

Kaperoni   Zig it all depends on investment

xyz   Zig exactly and Michael theory is ...

Kaperoni   if they come to the party it could go up fast. If not, then it won't

Kaperoni   one thing is sure...Iraq expects 70 billion from private investors in 2020

Kaperoni   We know that because they are building that expense into the budget

Kaperoni   And if they spend it and don't get it, it could be a mess. Wiping out most if not all the CBI reserves

Zig   That would be good.....showing that much interest in Iraq's future......

Kaperoni   It's interesting situation for sure. Pressure is on them

Wilder   At what possible rate would you think for a start?

Wilder   On a float

Kaperoni   I saw today two said 140 laws to pass before end of year.

Wilder   Guess

Kaperoni   and another said Oil and Gas law is one of them

Kaperoni   Wilder I have always stated the CBI rate is the rate it is. And if they get off the peg and float will be at whatever that rate is at that time.

Kaperoni   So it could start at at 1190 and go up

Zig   No small bump up prior to the start of a float?

Kaperoni   Anything is possible Zig, but you have to keep in mind the rate and pace and decided by the CBI. And they would be foolish to not profit from it all the way up

Kaperoni   Remember, the CBI makes commissions off the sale of currency. Every transaction has a 6 dinar spread

Kaperoni   I believe that is why we have not seen the CBI do anything as of yet. The conditions for the float are not in place...meaning the laws and investment

Zig   I will just say that most people out there disagree with Kaperoni.....right, Kap??

Wilder   We could pull our dinars together and go over and open uo a barbeque pork restaraunt

Kaperoni   Come early next year, if the laws are passed and the budget is passed we will see something.

Kaperoni   Zig most people have a pie in the sky mentality and want some overnight event. In doing so. overlook the facts and realistic expectations.

Kaperoni   People tell me all the time...We don't trust the IMF. Or what proof do we have the IMF is in charge. etc.

Kaperoni   Well my question is..when has the IMF been wrong with Iraq? When has Iraq not done what they IMF asked?

Zig   Ultimately isn't it the CBI that makes the decisions??

Kaperoni   If you cannot prove that they are wrong, then you must accept the directive.

Kaperoni   Zig, yes and no

Kaperoni   Yes the CBI has to do it. But no because Iraq has to follow the Stand By Agreements they signed in exchange for loans over the years with the UN, IMF and WB

Zig   I see....thanks

Kaperoni   Those directives are binding.

Kaperoni   Even when Shabibi was kicked out..the World Bank came out and stated..just because you got rid of Shabibi does not mean agreements will not go forward.

Zig   Kaperoni mostly hangs out at

Kaperoni   This is a great article that is in the Research Library at DinarAlert... 

Kaperoni   From the World Bank after Shabibi was run out...

Zig   Kaperoni's Tweets and recorded calls

Kaperoni   There has been a major change in CBI management with the appointment of a new Governor. On October 14, 2012 an Iraqi judiciary issued an arrest warrant against the Governor of CBI, Dr. Sinan Al-Shabibi. Consequently, the Iraqi government appointed Dr. Abdul-Baset Turki, the Head of BSA, as an Acting Governor of CBI, after the court ruling ordered then removal of Dr. Shabibi from his post. The World Bank has received an official letter dated October 21, 2012, notifying management of such a change, since the CBI is the implementing entity of this project.

Kaperoni   Dr. Shabibi, who is currently out of the country, and more than a dozen other officials at the institution are being investigated for misleading monetary policies, as well as alleged improprieties involving capital requirements for local banks and foreign-currency auctions overseen by the central bank.

It is worth noting that the replacement of the Governor of CBI by the Head of BSA, could affect project implementation, and possible delays with the change in management. Following this decision, the team has met the Iraqi authorities, to ensure irreversibility of the reform program, and smooth implementation of the project.

Kaperoni   Good stuff there

Kaperoni   Following this decision, the team  has met the Iraqi authorities, to ensure irreversibility of the reform program, and smooth implementation of the project.

Kaperoni   Maliki thought he could get away with that crap.

Kaperoni   lol

Kaperoni   He slowed it down, but cannot stop it

Kaperoni   Zig, that is why I said Yes and No. These agreements are binding

Kaperoni   And the IMF became the Trustee of the CBI in Dec 2015 per agreement signed. Therefore, I see the IMF directives going forward.

Zig   Many people will just say that most of what you put out are just your opinions....just another Guru.....

Kaperoni   And if you look at the success of the CBI since Dec 2015 their has been several successes including reducing the spread to within 2%, maintaining a stable exchange rate for over a year, and significant progress on money laundering

Kaperoni   Zig, was that my opinion? I have never been about speculation or opinion. I research this investment 24/7 for the last 10+ years

Zig   You can't blame people for thinking that as they get hit with all kinds of opinions from many people out there.....

Kaperoni   Newbies maybe. But people that know me know I research.

Wilder   Zig it doesn't matter. Who's right when it happens? Your going to run with it and not look back. Thats my plan .

Zig       Wilder : LOL.....True.....

Kaperoni   I got into this not to convince anyone. Just to prove the idiot gurus were liars lol

Zig   I don't care how it gains value as long as something happens!!

Kaperoni   Well hopefully it will start in the next 3-6 months

Zig   That would be awesome....

Kaperoni   70 trillion USD is a lot of potential pressure for the CBI.

Wilder Yep. O s heart attack couple years ago. Im bot getting aby younger

Kaperoni   oops

Zig   You mean billions

Kaperoni   error

Kaperoni   yes

Kaperoni   70 Billion USD

Kaperoni  delete that

Kaperoni   lol

Kaperoni   I will never hear the end of that typo

Zig   The mod will delete it......

Kaperoni   Correction - 70 billion USD is a lot of potential pressure for the CBI.

Kaperoni   when you get old, you slip up once in a while

Kaperoni   well I need to eat dinner.

Wilder   Thanjs Kaperoni

Zig   Kaperoni : ;good-pm

Kaperoni   You all have a good night. Pizza on me tonight! ;pizza;

Wilder   Credit card?

Zig   Thanks, watch for the criticisms......LOL.....

Wilder   A nickel bump I'll be cashed out and gone

Zig   Me too....well a bit more

Wilder   Depending on how the taxes go might have to hold out

Kaperoni   Oh, I just wanted to clarify something...the link to the WB status update was just an example of the binding nature of the agreements. This may or may not have anything to do with directives related to the market economy and CBI monetary policy.

Kaperoni   But those could be under other agreements.

Kaperoni   Ok night.

Wilder   Nte

Wilder   @617659we0|Kaperoni if you can find the article about a new currency in conjunction with the the current bills. When u have time

Kaperoni   Wilder....

Kaperoni   LINK

Kaperoni   Ok night.

Portmagaland   Just watched rethinkingthedollar's chat earlier. Argitina is putting a capital transfer limit of 10k a month out of country. Argitininians who have mo ey are transferring it here.

Looks like the entire world is about to eat some major @#$%. I respect Myladies, Kap, and Skelfa's take as they seem the most practical historically speaking.

However, I choose to see the glass half full and will therefore, defy their logic and say that Trump and the other Global leaders are going to do debt forgiveness, which we have seen indicators with Chase in Canada, the 100% disabled vets getting their student loan forgiven and I believe theres more coming down the pipeline based multiple sources like Robert David Steele, who is on record saying that Trump is going to hydrate from the bottom up.

The debt simply cant be paid back. Then the next move or simultaneously a GCR will kick in. The alternative is scary and all this global misery and debt is the responsibility of a select few that think we are all useless eaters. and it's about time We the People take back what's ours and that's our personal sovereignty. Slaves no  more!

madness   well be interesting to see what the iraq gov. they are back to work sept. 3 tomorrow