IQD CALLS Thursday Evening 3-12-20

IQD CALLS Thursday Evening 3-12-20

Clay   this hysteria is gonna be the downfall of our economy not Trump

Baxter   I think Baseball Season is postponed also..

Dave   What does Trump have to do with this?

Clay   nothing

Dave   thought so

Clay   but he will be blamed for not acting quick enough and the economy

Dave   par for the course

Clay   yet the CA governor praised his efforts   Gaven I think is his name

Clay   how is it up by you

Dave   CNN reports 200000 respirators short

Clay   saw that

Dave   Clay ! confirmed case on the Island

Clay   ok    keep us posted

Dave   Big Island

Clay   thanks

Dave   told to self isolate

Dave   1 death in Canada....89 yrs

Clay   thats good news

Dave   like to see 89.....

Baxter   https://apnews.com/cde3900cffe0575e9f616c4609a41269 NHL..Dave

Dave   wait until a player catches it

Baxter   First two weeks of baseball..at least... is cancelled

Doug_W   Baxter just heard on FOX Ohio shut down

biff   Dave will there be an RI

Baxter   Yep... all schools

Baxter   3 weeks

biff   long vacations

biff   Dayum China

Dave   like we never seen a Flu before.....

biff   scare tactics

Dave   hope your right.....

biff   spanish flu was the worse flu ever

Dave   over 100 million toast

biff   During the spanish america war in cuba     We had ebola here

Biff   This is a BIO Weapon

Dave   yes i see them Chem Trails.....

biff   to cause fear and panic

 biff   Dave how high will the dinar float. How High!

Biff   Some say it will start at 1.34 Dave

Dave   CBI never indicated a rate....IDK

Clay   3.22

biff   I hope clay

Dave   " biff i take a nickle now....please

Dave   anything else would be a LOP

biff   no nickles dream quarters lol

biff   Dream 3.22 by the I did not win the powerball

Biff   I was in Kuwait

Baxter   I bought my first dinar...from Fifth Third Bank..

Biff   Got mine at money exchange in Kuwait

Clay   mine was from a company called GID and then my ban First Citizens

Clay   funny dont they even sell anymore

Dave   banks here cant sell exotic currencies

Clay   when I had my dinar stolen the insurance wanted receipts GID couldnt get or sterling lol

Baxter   I kept all of my receipts... at least most of them

Dave   Baxter WHY?

Baxter   Dont really know

Baxter   but I have them stapled with the dinar they came with

Baxter   I think at one time..the gurus said you had to have proof of purchase

Dave   Black light worked fer me

Dave   and.......... did learn those arabic numerials to ensure notes had sequential serial numbers......

Dave   call that OCD?

TWWIII   Took my break today & went to my currency supplier. Nice day to buy silver. While I was there it dropped another 7 cents so I paid 15.80 for each round & each bar. Time to buy silver,but I think it will drop by another 6-12 cents by tomorrow..

Doug_W   TWWIII silver is actually up 10 cents from earlier

TWWIII   I bought mine at 1:45today

https://www.iqdcalls.com/chat/

IQD CALLS Early Thursday 3-12-20

IQD CALLS Early Thursday 3-12-20

Wilder  LOCAL NC governor declares state of emergency as state deals with coronavirus

Wilder   Donald Trump Hasn’t Been Tested for Coronavirus Despite Possible Exposure, Says White House

xyz   Hospitals Prep For 96 Million Infections & 480K Deaths https://www.zerohedge.com/health/leaked-covid-19-documents-hospitals-prep-96-million-infections-480k-deaths

Wilder   Trump had contact with congressmen Collins and Gaetz before they self-quarantined over coronavirus concerns.

https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2020/03/09/collins-gaetz-had-contact-with-trump-before-coronavirus-self-quarantine.html?amp_js_v=a2&amp_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=15838789098560&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2020%2F03%2F09%2Fcollins-gaetz-had-contact-with-trump-before-coronavirus-self-quarantine.html

Wilder   xyz this could get real ugky. Financial woes for families.

Wilder   New word. UGKY

Wilder   Bad news. 7 miles away from me. Miami University moving classes online amid COVID-19 outbreak

Wilder   https://www.wcpo.com/news/national/coronavirus/miami-university-moving-classes-online-amid-covid-19-outbreak

Xyz   Mini RV: company is reportedly paying volunteers around $4,500 to be infected with the new coronavirus, COVID-19. https://www.wtxl.com/news/report-company-paying-people-to-be-infected-with-coronavirus

xyz   Bernie Sanders calls long lines at Michigan polling stations an "outrage," suggests Dems are engaging in voter suppression https://www.newsweek.com/bernie-sanders-calls-long-lines-michigan-polling-stations-outrage-suggests-dems-are-engaging-1491592?utm_medium=Social&utm_source=Twitter#Echobox=1583887149

xyz   Study: Corona may be more widespread by air conditioning

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&sl=ar&sp=nmt4&tl=en&u=https://www.faceiraq.org/inews.php%3Fid%3D7618986&usg=ALkJrhhPn9oJU4Qj6-NIMH4B7cVXWSqbEQ

Jimmy Lee   Wilder exactly...spooky

Wilder   xyz i would think heating systems as well with the return air system.

TWWIII   Not posted yet??? Here is an article & pix of Iranian gov officials that have Corona Virus Pix of the ones died already: : https://english.alarabiya.net/en/features/2020/03/09/Iranian-regime-figures-infected-and-killed-by-coronavirus.html

Whitelions   Reducing the Iraqi dinar exchange rate - determinants and alternatives -........... I translated the pdf on this article it's on our blog

Whitelions   it'sput out by the CBI

Whitelions   Zig tell kap no because the key word in the article is FORMER minister thats like Obama telling Trump what he should do its not going to happen .

Doug_W   NOW is the time to invest in silver its DOWN to $16.20 that is -0.71

Doug_W    that is my opinion anyhow~~

jimmy Lee    trading halted for 15 mins.

Doug_W   Jimmy Lee Silver:$16.08 -0.83

Matt    Dow Jones Industrial Average INDEXDJX: .DJI  21,856.91 −1,696.31 (7.20%)

MARKETS ON HOLD https://www.iqdcalls.com/Markets.html

Doug_W   this is ALL do to "panic" knee jerk reactions instead of common sense

Jimmy Lee   Doug_W iam going to try to buy gold and silver today

Matt   Market Watch: Trading halted after S&P 500 dropped 7% | 3/12/2020

Doug_W   no gold 4 me too expensive and very hard to trade IF our economy faild Silver can be easily

Doug_W Silver:$15.96 -0.95

Doug_W   GOLD is down -51.86

Doug_W   every com0odity except purell is way down

Clay   purell lol

Clay   morons

Clay   hand sanitizer is used to prevent bacteria not viruses

KRnMS   Restraint ,restraint, Blah, blah, blah surprised Trump hasn’t struck back on the Iranian militia

Doug_W   KRnMS give him time

KRnMS   that’s what I’m thinking too, Iraqis say they captured the launchers and some rockets, but no personnel

KRnMS   UN says restraint, restraint... but we know they must be killed,

KRnMS   hunt them, track them , destroy them and all their gear

KRnMS   you would think we could hit them immediately with our own rockets or artillery

Doug_W   the UN sounds like Obama's policy

KRnMS   well Obama would pay them to stop

Doug_W   billions LOL

KRnMS   the Iraqis say they will investigate and punish whoever did it

KRnMS   will be about as successful at that as forming a functional government that helps Iraq

KRnMS   Iraqs are spineless cowards, traitors to their own country

Dave   Doug_W ...,.whats with siLver?

Doug_W   ALL comodities and metals are WAY down   Silver:$15.94 -0.97

Dave   should being going up...usually happens when everything else crashes

Dave   ?

Doug_W    "should be"

Dave   Our Banks cutting interest rates yet again...2x in a month

Dave   get a mortgage for less than 2.5%

Doug_W   great deal

Dave   you guys just cut the interest rates too...?

Clay   Dave hey buddy

Doug_W   Dave Silver:$15.91-1.00

Dave    Clay Buyn Silver?

Clay   already getting cancellations because of the carona virus

Clay   no silver for me

Doug_W   panic

Clay   I know thats why

Dave    Clay wash your hands and buy TP

Dave   `1 case on the Island....schools shutting down

Doug_W   the world is shutting down

Clay   Dave lol

Clay   funny... why is everyone buying up TP

Dave   confused...swine flu a few yrs ago was much worse

Clay   Dave I know

Clay   the media has people scared

Dave   WHO CDC aint helping

Clay    my son and daughter's colleges closed till Easter

Clay   no they r not

Clay   Johns Hopkins is one of the major hospitals trying for a cure

Dave    Cure?

Clay   all students were sent me so they have room for isolation units

Clay   crazy  its only gonna hurt small businesses

Dave   getting a hazmat suit for work

Dave   or more TP?

Clay   lol

Dave   people are nor asking which is worse Swine Flu or this Bird Flu?

Clay   nope

Clay   this isnt even close

Dave   either way lol

Clay   yep just hope it doesnt start really killing business

Dave   the World........

Dave   dont wanna pay out on all those 401s?

Clay   lol

Clay   conspiracy

Clay   China wanted to get rid of all its elderly... they cant work plus they are the last generation that tasted freedom

Dave   Makes one think.......the world may be flat after all

https://www.iqdcalls.com/chat/

IQD CALLS Chat Wednesday Night 3-11-20

IQD CALLS Wednesday Night  3-11-20

Doug_W   Former minister: Iraqi dinar on the way to "float"

Doug_W   https://www.ikhnews.com/index.php?page=article&id=210860

Wilder   Baghdad – news   The former minister, Amer Abdul-Jabbar, confirmed today, Wednesday, that the Iraqi dinar is on the way to floating, in light of the sharp decline in oil prices, while noting that employees should expect that during the coming days their salaries will be deducted.

"The continuation of monetary policies and the current government in the same contexts with the sharp decline in oil prices will be catastrophic, and the employee should expect to deduct his salary, perhaps for half, or spend part of his salary every two months," noting that "the next stage may witness a reduction in employee salaries, deductions and taxes to reduce the budget deficit." .

He added that "the Iraqi dinar is on its way to float (i.e. reduce its value), and the Iraqi government may have to increase the exchange rate of the dollar to 1250 dinars against the dollar in order to obtain additional funds estimated at 4 trillion dinars in the budget and this matter is positive because it will allow encouraging the national industry because it will raise the value Imported goods and makes domestic competitive. "

KRnMS   Oh no, It’s time to kill some Iranian militia, rockets hit a base in Iraq that killed an American and two UK troops, HIT EM

Wilder   He added, "We are afraid of a government decision to reduce the price of the dinar against the dollar to 1300 or 1350 in the event that the drop in oil prices is catastrophic. This float will cause the price of commodities to rise and burden the citizens. The state may use it to reduce the budget deficit."

Abdul-Jabbar continued, "The government's decision to place customs and other exemptions to remove visa amounts with some neighboring countries has harmed Iraq and contributed to preventing the entry of important revenues to the state," noting that "since 2018, he warned of low oil prices in 2020".

He pointed out that "the advisory base available to the Prime Minister is not qualified to deal with major crises, especially those related to low oil prices." Because it will take the place of others. "

And Abdul-Jabbar said, "The recent appointments made by the Prime Minister killed the state and burdened its finances, and there is a 200-square-meter department with 270 employees."

Baxter   TRUMPS ADDRESS TO NATION IS AT 9 PM

Dave   Wilder Yeah oil 20 bucks a barrel our value will tank too

chattels   US announces 987 Corona cases & 29 have died. http://mobp.as/OG3Dq

Baxter   Dave.. thought you would like to see this... https://www.gasbuddy.com/GasPrices/Ohio

KRnMS   Hhmmm, will if they float the dinar now, when the price of oil rebounds, which it will, then the dinar will be free to float UP, instead of down, or should I say less dinar to the dollar

chattels   In rocket attack on Taji Base in Iraq, 2 American & 1 British troops killed & 12 injured. http://mobp.as/Bv5Dq

KRnMS   stay positive my friends, this situation will turn around soon

Dave   Baxter almost pay that per liter!!!!

Baxter   I know

Dave   KRnMS did not know Dinar went Global

KRnMS   china will get back to work and return to buying oil

Baxter   was 1.74 yesterday

Baxter   Dave...and that includes 55 cents tax a gallon

Dave   at 20 bucks you should be able to fill your car for 15 bucks like in the old days

Baxter   yep

KRnMS   DAve I was just thinking in response to the post above about the dinar possibly going on a float

chattels   After the failure of a PM candidate chosen by just two of the Shia Islamist leaders (Sadr & Amiri), the seven Shia Islamist parties that have dominated every major post since 2005 have now set up a Heptagonal Committee (7-sided) to pick a new one. I should add that the formation of this committee in no way contradicts existing efforts to keep Abd al-Mahdi in office, even if as an indefinite "caretaker" prime minister if need be. Indeed it could be a means toward that goal. https://twitter.com/UticaRisk

Dave   KRnMS not floating no whhere in our world yet

KRnMS   Wilder was posting Baghdad news....

Dave   KRnMS not globally traded yet

Wilder   KRnMS that was from Dougs link

Baxter   Its hard to believe that the NCAA Basketball tournament will not have any fans...

KRnMS   well yes I know that Dave, but Wilder’s post indicates that there might be a GOI decision in the near future to correct less revenue.... I’m not saying they will or won’t... just IF

chattels   The child's father, activist Abdul Qudoos Qasim, was assassinated yesterday by unknown gunmen suspected to be government-backed militias. #IraqProtests "They think by killing my father the protests will end? They don't know I'll take his place!" https://twitter.com/RashaAlAqeedi

Young_SC   I think you guys are taking that floating article out of context imo

Dave   Waiting for that COUP.......!

Dave   Young_SC yepp

Young_SC   Did anyone pay attention to what i posted right after kap posted that article

Dave   IRAQ buys its hydr from Iran too and does trade wsithmits neighbours

Young_SC   Addressing the Auctions and the Exchange rate

Dave   Auction is all they got

KRnMS   What about the Auctions?

KRnMS   Do you think Trump will retaliate?

Dave   KRnMS way CBI makes money

KRnMS   Yes we all know that DAVEY

Dave   then?

Young_SC   KRnMS scroll up and read it my brother

KRnMS   but anyone buying dollars has to spend dinar, good way for the cbi to reduce the currency, burn it

KRnMS   unless it is digital

KRnMS   Young... was your post about the Auctions anything new?

Dave   Not a digital auction

KRnMS   That’s good in my opinion Dave

KRnMS   they know who is getting the dollars, can track them

KRnMS   as if they don’t already, corrupt as they are

chattels   Kurdistan Democrat: 5 candidates for the position of Prime Minister-designate and their decision has not been decided yet

Wed 11, March 2020 https://ninanews.com/Website/News/Details?key=816943

Dave   yes, to join these auctions need to be approved by CBI first........20-30 brokers do this only

KRnMS   I think Trump should retaliate and in a big way, this nonsense must be dealt with, the Iranian terrorists will only respond to two things, totally broke and death

chattels   House of Representatives: The deadline for nomination of the Prime Minister-designate ends next Sunday

Wed 11, March 2020 https://ninanews.com/Website/News/Details?key=816910

Dave   chattels DEADLINES...........?????

chattels   Baghdad / Nina / The House of Representatives announced that the constitutional deadline for the nomination of a new personality for the position of Prime Minister-designate, officially ends midnight next Sunday, corresponding to the fifteenth of the current month of March.

KRnMS   should be fairly easy to determine who is launching these rockets, I’m sure we have the entire country under surveillance 24/7,

chattels   Dave It is what the news is saying.

Dave   chattels yes many deadlines for me already........

chattels   I thought it was 15 days from March 2nd, but ..................

Dave   DONE DONE DONE.....LOL

KRnMS   I think the Iranians are about as broke as they could become, time to deal out some death to them

KRnMS   I hate to be hawkish, but enough is enough

Dave   in the coming session....

KRnMS   Solemeini’s hit should have sent the message loud and clear

Dave KRnMS said that ten yrs ago???????

chattels   Parliament’s Finance Committee confirmed today, Wednesday, that the emergency budget is limited to paying salaries and holding elections.

Member of the Committee, Deputy Muhammad Al-Daradji said that "Iraq needs an appropriate budget for the economic and health conditions the country is going through," noting that "the emergency budget is limited to paying the salaries of employees, which is the most important and creating the conditions for holding elections."

He added, "Even if the budget is announced on the 1st to 12th, the country will face difficulties due to the current circumstances."

The financial advisor to the Prime Minister, Mazhar Mohamed Saleh, had previously stressed the need to go in the short term to legislate an emergency budget, which provides financial sustainability at this stage and meets the necessary needs. http://www.alliraqnews.com/modules/news/article.php?storyid=87812

KRnMS   yes Dave, no sense leaving our soldiers over here in harm’s way, they are safer on the hunt than sitting and waiting being an easy target

KRnMS   Hit the terrorist Iranian militia, and protect the demonstrators

KRnMS   show the Iraqis we truly are on their side for their liberty and freedom

Dave   KRnMS Tell that to SADR!

KRnMS   I think I’ll call Trump up and tell him, ok Sade too

chattels   The caretaker head, Adel Abdul-Mahdi, considered, on Wednesday, that the collapse of oil prices does not mean that Iraq has become bankrupt.

Abdul-Mahdi said in a speech during his presidency of a meeting on the budget and low oil prices, that "Iraq faces great challenges, but it is capable of overcoming them," stressing that "the crises that are currently going on in Iraq call for concern, not panic or collapse."

KRnMS   what’s Sadr”s number please

chattels   And Abdul-Mahdi pointed out that "the collapse of oil prices does not mean that Iraq has become bankrupt," stressing that "the Iraqi budget needs to be reviewed."

He continued, "We tried to prepare a program that monitors the performance of institutions, but the government's resignation prevented that," explaining that "the central bank's position remains healthy in terms of its reserves and currency." http://www.alliraqnews.com/modules/news/article.php?storyid=87838

chattels  "the central bank's position remains healthy in terms of its reserves and currency."

KRnMS   alright, I’ve show my ignorance, I’ll get down off my soapbox and go get something productive done around here  you guys have a great evening   felt good to vent, thank ya’ll

xyz   would or wood? 11 Mar 20, 04:22 PM @Kaperoni and wood have

chattels   2020 NCAA Tournament games to be played without fans in attendance due to coronavirus

There will be no fans allowed at the 2020 NCAA Tournament https://www.cbssports.com/college-basketball/news/2020-ncaa-tournament-games-to-be-played-without-fans-in-attendance-due-to-coronavirus/?ftag=SPM-16-10abi8e

KRnMS   oh, I went to college with Iranians, they are not bad people,

KRnMS   amazing what people will do in the name of religion

Dave   chattels shut a school down today ....yet no confirmed case here

chattels   "I have made the decision to conduct our upcoming championship events, including the Division I men's and women's basketball tournaments, with only essential staff and limited family attendance," NCAA President Mark Emmert in a statement. "

Dave   KRnMS  More to do about corruption i figure

KRnMS   well I decided not to attend a karate tournament near New Orleans, corona is close by, hated to cow down to a virus   ok , I’m out... later

Dave1    confirmed death from covid 89 yrs old in Canada....predisposed with another condition......

RodTahoe   I applaud the NCAA, this is a tough decision to make but it is the right decision. Social distancing one of the primary ways to control the spread of this virus. Sadly there will be more, dramatic cancelling of events, activities and gatherings nationwide (needed world wide) in the next couple of weeks, devastating actions but is the right leadership we need right now.

Matt   BIG Losses Market Summary https://www.iqdcalls.com/Markets.html

chattels   ACC announces that conference’s tournament will remain open to fans; alters post-game media availability https://www.syracuse.com/orangebasketball/2020/03/acc-announces-that-conferences-tournament-will-remain-open-to-fans-alters-post-game-media-availability.html

chattels   The ACC’s statement also indicated that the teams’ locker rooms, which are normally open to the media, would be closed following games.

Instead of allowing reporters into the locker room, two players from each team would be brought into an interview area. The media could also request other players as needed.

The Southeastern Conference, which is holding its tournament in Nashville this week, is adopting similar measures.

Baxter   An Airline flight going across the country today... had to make an emergency landing in Denver... a passenger started coughing...and the rest of the people on the plane...went ballistics about the corona virus...and the pilot landed the plane in Denver... the passenger coughing... had some allergy issues...

Doug_W   STUPID panic

xyz   3-11-2020 Intel Guru Frank26 ...the exchange rate is already in place.

xyz   3-11-2020 Intel Guru Footforward ... There is no stalling or kicking the can. For the first time in 15 years the can isn't getting kicked. Things are actually getting done.

xyz   3-11-2020 Newshound Guru Kaperoni ... dinar is traded globally.

xyz   cited: https://www.dinarguru.com/

xyz   Their word NOT Z's

Francis Albert   Not sure where this "float" thing is coming from. All currencies go up and down based on people buying and selling them. I believe there's over 5 Trillion, (that's a T) bet on the FOREX market every DAY. And all currencies are basically pegged to the dollar whether they like it or not.

As the Iraqi Dinar rises in value after going International on FOREX, the money currency players on FOREX make on a rising Dinar comes from other traders, not Iraq.

Xyz   Islamic Scholar Who Said Coronavirus Was "Allah's Punishment" Gets Coronavirus https://www.zerohedge.com/health/islamic-scholar-who-said-coronavirus-was-allahs-punishment-gets-coronavirus

xyz   IRS May Delay April 15th Tax Deadline https://www.zerohedge.com/personal-finance/irs-may-delay-april-15th-tax-deadline

sandyf   @Kaperoni sandyf There are 4-5 Middle East countries floating. Not all of them lost value, not to mention Egypt is not Iraq.

Yes I would agree Egypt is not Iraq, and neither are the other 3 middle east countries that are on a floating exchange rate mechanism, Israel,Turkey and Tunisia. Now tell me which one has significantly increased in value as a floating currency.

sandyf   @Kaperoni sandyf no **** sandy. The auctions absolutely will go away once the CBI accepts IMF Article VIII. There will be little need once the dinar is traded globally.

Obviously you are quite entitled to take any view you choose, but on this point you are way off base. It is all about currency convertibility and IQD will only be a partially convertible for many years to come. Conversion to full convertibilty requires a history that can only be built up over a long period of time.

Unless there is a bilateral agreement only a fully convertible currency can be used in international trade. That being the case the majority of Iraq's revenue will be in foreign currency for many years yet, the so called auctions are the mechanism used to convert foreign currency to domestic currency, a mechanism used by many countries around the globe.

Forex trading is a separate issue altogether and once Iraq is under Art 8 it doe not become a certainty that forex traders will wish to handle it. The KWD is seen as an exotic currency with low volume trade, traders prefer stable floating currencies, the last thing they want is slow moving or volatile currencies.

xyz   gurus demand

Kaperoni   sandyf I have never stated that the Iraqi dinar would be globally accepted World Wide right away in fact if anyone is conservative it's me. I have stated over and over and over again that most banks just because Iraq would accept article 8 doesn't necessarily mean that they would deal in Iraq's currency.

Even though many gurus like to say that people will run to banks to cash out that is unlikely to be the case. That being said I think you need to read the IMF article for consultations with Iraq and you will find that they are encouraging the CBI to accept Article VIII to send a message to the world that they are open for business. Here is a quote...

Kaperoni   "25. The government will gradually remove remaining exchange restrictions and a multiple currency practice (MCP) with a view to eliminating exchange rate distortions.

Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate. "

Kaperoni   There is some typos in the first post but that is due to voice recognition oh well you'll get the gist of it

chattels   In US response to attack on Taji Base in Iraq, US aircraft kill 18 Iraqi militia loyal to Iran in Albukamal area in Syria near Iraqi border. https://twitter.com/DavidMWitty1?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

chattels   Iraqi government condemns rocket attack on Taji Base that killed 3 members of International Coalition in Iraq. This is a direct challenge to Iraqi security & a terrorist act. http://mobp.as/v56Dq

•  https://www.iqdcalls.com/chat/

IQD CALLS Wednesday Evening 3-11-20

IQD CALLS Wednesday Evening 3-11-20

Kaperoni   Can I toot my own horn?    Ok here you go...

Kaperoni     : Number of readings: 49723

11-03-2020 05:24 PM Former minister: Iraqi dinar on the way to "float"

Baghdad – news   The former minister, Amer Abdul-Jabbar, confirmed today, Wednesday, that the Iraqi dinar is on the way to floating, in light of the sharp decline in oil prices, while noting that employees should expect that during the coming days their salaries will be deducted.

"The continuation of monetary policies and the current government in the same contexts with the sharp decline in oil prices will be catastrophic, and the employee should expect to deduct his salary, perhaps for half, or spend part of his salary every two months," noting that "the next stage may witness a reduction in employee salaries, deductions and taxes to reduce the budget deficit." . 

He added that "the Iraqi dinar is on its way to float (i.e. reduce its value), and the Iraqi government may have to increase the exchange rate of the dollar to 1250 dinars against the dollar in order to obtain additional funds estimated at 4 trillion dinars in the budget and this matter is positive because it will allow encouraging the national industry because it will raise the value Imported goods and makes domestic competitive. "

Kaperoni   He added, "We are afraid of a government decision to reduce the price of the dinar against the dollar to 1300 or 1350 in the event that the drop in oil prices is catastrophic. This float will cause the price of commodities to rise and burden the citizens. The state may use it to reduce the budget deficit."

Abdul-Jabbar continued, "The government's decision to place customs and other exemptions to remove visa amounts with some neighboring countries has harmed Iraq and contributed to preventing the entry of important revenues to the state," noting that "since 2018, he warned of low oil prices in 2020".

He pointed out that "the advisory base available to the Prime Minister is not qualified to deal with major crises, especially those related to low oil prices."

Kaperoni   https://www.ikhnews.com/index.php?page=article&id=210860

Kaperoni   Maybe some of you will study monetary policy now. Have a good day.

Doug_W   Kaperoni be well

Dave   Doug_W Did our expert mention managed float or free float?

Dave    Kaperoni TOOT TOOT!

Dave   "The former minister, Amer Abdul-Jabbar, confirmed today"

Dave   Floating where.........?

Dave   Former.....?

Dave   this dude must be working for CBI now????

Young_SC   Determining _ or preventing _ importing unnecessary goods to allow the local product to cover the needs of the local market and what it represents by generating job opportunities and maintaining the currency within the country.

* Reconsidering the currency auction and adjusting the dollar exchange rate, so as not to burden the poor class.

Al-Sudani concluded by saying, "These are the most important measures to confront a budget whose deficit is estimated at (60) trillion dinars and revenues. If the barrel of oil continues to be sold at $ 30, it will not pay the salaries of employees and retirees."

Dave   jeje   LETS GO LOP!

Young_SC   https://www.mawazin.net/Details.aspx?jimare=89675#.XmlGgajCb2k.whatsapp

Kaperoni   I do agree that under the current conditions it will probably devalue the dinar. That is why I have stated numerous times that is important that they create the conditions to launch a market economy first.

Dave   not that that would be inflationary?

Young_SC   Dave LOL

Dave   Current conditions........

Dave   Young_SC  Still figure there in Ch7......so ASN......!

Kaperoni   If Iraq wants to succeed at raising the value they need to create a market economy, have a gov in place, cabinet and pass laws that investors will come and participate

Dave   Kaperoni TOOT TOOT!

Kaperoni   Dave chapter 7 has nothing to do with monetary policy

Young_SC   ive already posted 2 articles in here a year ago from the govenor of the CBI stating no float did you forget???

Kaperoni   Young_SC you think the CBI is going to tell you?

Young_SC   Or no it was delusional

Young_SC   Kaperoni read again what i just stated

Dave   Young_SC Trump will tell CBI?

Young_SC   Dave lolol

Kaperoni   Young_SC you would know and wouldnt need to hear it from anyone if you studied

Young_SC   I'll study to earn that economics background you and sam have ehhh

Kaperoni   Young_SC you dont read them correctly. The article on floating from the CBI was they are not floating at this time. That was a year ago. lol

Dave   Ever STUDY CBI......guess not

Kaperoni   Young_SC at least we know it wont RV lol

Dave   need that NO link?

Kaperoni   I posted here several float articles a few months ago collected

Kaperoni   This is just another.

Young_SC   Shall i google more articles and subtract certain words to add my own logic and advertise it as a real article or no

Dave   jeje

Kaperoni   that is how monetary policy works. pegged until in compliance, then float. They all do it

Dave   LETS GO LOP!

Kaperoni   Young_SC whatever, but more proof is just that   they might

Kaperoni   Shabibi wanted to   and wood have

Dave   Kaperoni PROOF!!!!!

Kaperoni   Oh I feel sorry for you  dreaming of dinar wealth overnight. Not happening! lol

Kaperoni   have a good day

Dave   Kaperoni wheel barrows or wallets?

Baxter   PRESIDENT TRUMP... will be addressing the Nation tonight.... dont know what time yet...

Baxter   Dow down 1460

Dave   Baxter shut a high school down here today....covid not yet confirmed

Baxter   If they devalue the Dinar... Im gonna have to go to a Nickel

https://www.iqdcalls.com/chat/

IQD CALLS Early Wednesday 3-11-20

IQD CALLS Early Wednesday 3-11-20

Chattels   Barham Salih informs the Shiite forces that the deadline for submitting their candidate for prime minister is mid-next week  Wed 11, March 2020 https://ninanews.com/Website/News/Details?key=816811

chattels   March 16 or 17 by my calculation.

chattels   Baghdad / Nina / The local markets in Baghdad recorded a slight rise in the exchange rate of the dollar against the Iraqi dinar today, Wednesday.

The selling and buying prices of the dollar for the banking companies came as follows: The selling price of the dollar was 121 thousand and 750 dinars per hundred dollars.

The purchase price of the dollar is 120 thousand and 750 dinars per hundred dollars. https://ninanews.com/Website/News/Details?key=816863

chattels   The central bank sells more than / 225 / million dollars in the currency auction  Wed 11, March 2020 https://ninanews.com/Website/News/Details?key=816880

chattels   Economist for NINA: Saudi Arabia and Russia deal a fatal blow to the Iraqi oil-dependent economy   Wed 11, March 2020 https://ninanews.com/Website/News/Details?key=816873

chattels   Baghdad / Nina / A specialist in the management of state institutions in crises - Harvard University, Ali Jabbar Al-Fariji, confirmed that Saudi Arabia and Russia are dealing a fatal blow to the Iraqi economy through the oil market.

chattels    " ............. a fatal blow to the Iraqi economy .............."

chattels   Or a " cover " for the " RV " ???????????????????

chattels   Iraqi oil expert: Price volatility will continue for months

Editing Date: 10/3/2020 21:58 • http://www.alliraqnews.com/modules/news/article.php?storyid=87754

chattels   One guru is saying that Allawi will return from Lebanon to form a government. I bet not.

chattels   Have a fine day all.

Mod    Sent to us by Lorrie:   PICK AND CHOOSE!!!!!

NOTHING AT THE CAPITAL IS CANCELED!!!  ROCKY'S GAME IS NOT CANCELED!!

WHERE DO YOU GET YOUR NEWS? TELEVISION!!!

ST. PATRICK'S DAY PARADE IS CANCELED - however NONE OF THE BARS ARE CLOSED!!!!

REMEMBER THE TEENAGER WHO FLEW INTO DENVER

AFTER THE FLORIDA SCHOOL SHOOTING??

SHE SHUT COLORADO DOWN, EVEN THOUGH SHE WAS FOUND UP BY EVERGREEN DEAD LONG BEFORE ''COLORADO GOVERNMENT'' SHUT COLORADO DOWN???

A ''CORONAVIRUS'' 'VICTIM' WAS FOUND AT A COLORADO SKI RESORT - YET SKIING IS NOT CLOSED DOWN!!

WAKE UP PEOPLE!!! HERE'S THE ANSWER!!

HAVE TRUMP CANCEL THE ELECTIONS IN NOVEMBER

AND THE DEMOCRATS WOULD DECLARE - 'PROBLEM SOLVED'!!

I AM NOT DENYING THIS VIRUS IS DANGEROUS!!

OUR PRESIDENT HAS MORE THAN PROTECTED THE PEOPLE - AS THE CONSTITUTION REQUIRES.

DEMOCRATS NEVER GIVE HIM CREDIT FOR ANYTHING HE DOES!!

REMEMBER?  DEMOCRATS STATED THEY COULD NOT BEAT HIM AT THE BALLOT BOX!!

So to list a few:

1 - RUSSIA, RUSSIA, RUSSIA DIDN'T WORK!  Costing the people 2 1/2 years and over $50,000,000.00!!

2 - MUELLER DIDN'T WORK!!

3 - THE STRIPPER DIDN'T WORK!!

4 - IMPEACHMENT DIDN'T WORK!!

5 - VIRUS

so

THE DEMOCRATS ARE TAKING ADVANTAGE OF THIS CRISIS TO DESTROY OUR ELECTIONS - AND GET RID OF TRUMP!!!

My MAMA told me years ago - always ask questions! SO I ASK: SHOW ME THE FACTS!!

YOU WASH YOUR HANDS MORE OFTEN!! YOU NOW KNOW TO CLEAN YOUR BATHROOMS/KITCHENS

MORE THOROUGHLY - you saw that on the TELEVISION!!

YOU NOW HAVE AN ABUNDANCE OF TOILET PAPER AND PUREL IN YOUR HOME!!

Deaths from the virus:  Those with extenuating health circumstances - elderly.

No one under the age of ? 50....

https://www.iqdcalls.com/chat/

IQD CALLS Tuesday Night 3-10-20

IQD CALLS Tuesday Night 3-10-20

Chattels   In Iraq, those close to President Salih say he plans to select director of National Intelligence Agency, Mustafa Kathimi, as intern PM to save what can be saved. http://mobp.as/amMDq

chattels   In Baghdad, renewed clashes between protesters and security forces injure 7 near Khalani Square. https://twitter.com/DavidMWitty1?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

chattels   Zig Fish talk / stories may be more accurate and entertaining than Iraqi news.

chattels   Except for Banking news / reports. Apparently those articles are worthy of belief, but not others. Why ?

chattels   Ask Newshound Guru Jeff ......." ...we're at the end...all the news talking about Iraq's economics. Political scene. The budget. Everything is complete pure BS...everything is waiting on the rate change including the politics...only one level of news has been accurate. That's the banking news."

chattels   " .............. ..only one level of news has been accurate. That's the banking news."

chattels   There is some pure BS out there, but it more likely originates with " Jeff".

chattels   And Okie updated. He is ecstatic about where we are.

chattels   Where are we ? The same place that we were on relaxation day.............. Sunday.

chattels   If Okie or Jeff or any one of these guru yahoos is correct, then I will apologize to all abjectly and profusely and you will never hear from me again. That is a promise.

chattels   Parliamentary Legal of NINA: Parliament cannot be dissolved before the election law is completed and the budget is approved.  https://ninanews.com/Website/News/Details?key=816744

chattels   Shiite blocs decide to form a seven-party committee to nominate the Prime Minister-designate Tuesday 10, March 2020 https://ninanews.com/Website/News/Details?key=816749

chattels   Another committee. That ought to fix everything, eh ?

chattels   ERBIL, Kurdistan Region – Two American soldiers killed on Sunday during an operation against Islamic State (ISIS) militants in Iraq’s Makhmour have been named.

U.S. Marine Corps Capt. Moises A. Navas and Gunnery Sgt. Diego D. Pongo died during a joint coalition operation with Iraqi Security Forces in the disputed Qarachogh Mountains. https://www.rudaw.net/english/middleeast/iraq/100320202

chattels   “Moises and Diego made the ultimate sacrifice to defend our freedoms and protect our way of life; .." 

chattels   Sad.

futuremoney   and Iraq gives us no respect

Xyz   3-10-2020 Intel Guru Frank26 ...we believe the coronavirus has put the CBI in a very comfortable wonderful situation where they were lacking the mechanism to bring in the 3 zeros in order to complete the reinstatement of the Iraqi dinar

Wilder  LOCAL NC governor declares state of emergency as state deals with coronavirus

Wilder   Donald Trump Hasn’t Been Tested for Coronavirus Despite Possible Exposure, Says White House

xyz   Hospitals Prep For 96 Million Infections & 480K Deaths https://www.zerohedge.com/health/leaked-covid-19-documents-hospitals-prep-96-million-infections-480k-deaths

Wilder   Trump had contact with congressmen Collins and Gaetz before they self-quarantined over coronavirus concerns.

https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2020/03/09/collins-gaetz-had-contact-with-trump-before-coronavirus-self-quarantine.html?amp_js_v=a2&amp_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=15838789098560&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2020%2F03%2F09%2Fcollins-gaetz-had-contact-with-trump-before-coronavirus-self-quarantine.html

Wilder   xyz this could get real ugky. Financial woes for families.

Wilder   New word. UGKY

xyz   3-10-2020 Intel Guru Footforward ...as of right now my feeling is this could be done by the end of march.

Matt   Dow Jones bounced back a good amount www.iqdcalls.com/Markets.html

Wilder   Bad news. 7 miles away from me. Miami University moving classes online amid COVID-19 outbreak

Wilder   https://www.wcpo.com/news/national/coronavirus/miami-university-moving-classes-online-amid-covid-19-outbreak

Xyz   Mini RV: company is reportedly paying volunteers around $4,500 to be infected with the new coronavirus, COVID-19. https://www.wtxl.com/news/report-company-paying-people-to-be-infected-with-coronavirus

xyz   3-10-2020 Intel/Newshound Guru Frank26 ...the next thing IMO that we should be seeing is the CBI governor Allaq and representations, the Prime Minister Mahadi right now under the caretaker government as a whole and the minister of Finance...those three entities to do a Q & A broadcast presentation speech to the country of Iraq in strong support of the redenomination process of the Iraqi dinar. IMO we're at a good stage for lift off...

xyz   Bernie Sanders calls long lines at Michigan polling stations an "outrage," suggests Dems are engaging in voter suppression https://www.newsweek.com/bernie-sanders-calls-long-lines-michigan-polling-stations-outrage-suggests-dems-are-engaging-1491592?utm_medium=Social&utm_source=Twitter#Echobox=1583887149

xyz   Study: Corona may be more widespread by air conditioning

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&sl=ar&sp=nmt4&tl=en&u=https://www.faceiraq.org/inews.php%3Fid%3D7618986&usg=ALkJrhhPn9oJU4Qj6-NIMH4B7cVXWSqbEQ

Jimmy Lee   Wilder exactly...spooky

Wilder   xyz i would think heating systems as well with the return air system.

TWWIII   Not posted yet??? Here is an article & pix of Iranian gov officials that have Corona Virus Pix of the ones died already: : https://english.alarabiya.net/en/features/2020/03/09/Iranian-regime-figures-infected-and-killed-by-coronavirus.html

https://www.iqdcalls.com/chat/

IQD CALLS Early Tuesday 3-10-20

IQD CALLS Early Tuesday 3-10-20

kevin311312   Oil prices jump 6% after biggest one-day fall since 1991

Oil prices jumped more than 6% on Tuesday, clawing back some ground on hopes that a price war by top producers Saudi Arabia ...

Whitelions   The Central Bank designs a pooled Islamic financing program (SIFP)..........In an effort to reduce the unemployment rate and reduce the import gap by supporting projects that have a positive impact in raising the rate of GDP growth, the Central Bank of Iraq has provided a monetary approach that combines the methodology of specific monetary policy and the basic conditions for establishing market economies by designing a program for consolidated Islamic finance (SIFP) ) , Which provides opportunities for partnership in financing between Islamic and conventional banks by targeting projects of strategic importance .

This comes at a time when the current economic stage is witnessing a number of challenges in the production and consumption markets .

The Central Bank of Iraq   information Office  March 10, 2020  » For the “ Executive Controls and Fundamental Principles of the Consolidated Islamic Finance Program ( SIFP ) ” ... click here

Whitelions   https://cbi.iq/news/view/1456

Chattels   Baghdad / news   The strategic expert, Eric Davis, stressed that the value of the Iraqi dinar will decrease in relation to the US dollar as oil continues to decline.

"The value of the Iraqi dinar will decrease in relation to the US dollar, and the reason is that the Iraqi dinar will represent a weaker economy as oil prices continue to decline due to lower global industrial production," Davis said in a tweet on Twitter.

He added that "Iraq has 95% of its external revenues from selling oil. Iraq must diversify its economy."

https://www.ikhnews.com/index.php?page=article&id=210707

chattels   Hisham Al-Suhail stresses the importance of completing the nomination of the candidate for prime minister during the current constitutional period

Tuesday 10, March 2020 https://ninanews.com/Website/News/Details?key=816620

chattels   The names currently circulating are still the same in the past / Mustafa Al-Kazemi - Asaad Al-Eidani - Ali Al-Shukri / The matter is still in circulation without reaching agreement on a specific candidate so far.

chattels   The Constitutional period of 15 days ends on or about March 17 I think.

chattels   On this day in 1945, Tokyo is in ruins following an overnight incendiary raid by American B-29s. As many as 100,000 have perished in the inferno -- more than either the Hiroshima or Nagasaki bombings. It will be remembered as history's deadliest air attack. https://twitter.com/MilHistNow

chattels   Not only will Baghdad have to borrow from the CBI's large but not infinite reserves to pay salaries & other operating expenses, it will also have to borrow to pay oil companies. No one is going to like that.

chattels   Capital expenditure, already very low, will be close to zero. Yes there is always some CapX money left over from previous years bc of administrative inefficiencies, but those inefficiencies will remain & will only be a very small portion of the vast chasm which has opened up.

chattels   & let's remember that public sector bloat is not just the legacy of decades past, but is caused by the recent actions of current actors. Thus in late 2018 parliament forced the new govt to ramp up operations spending in the budget. That was huge mistake which limits freedom of action now, since without a 2020 budget Baghdad can spend 1/12 of last year on operations, but it won't even have that money. These inflated operations costs were inflated further in recent months in response to protests.

chattels   Also, remember that Baghdad can't borrow from abroad. Foreign contracts including loans have to be approved in the budget. The 2018 budget prohibited foreign loans for new contracts, but although it has expired, a new budget would be needed to authorize new foreign loans.

chattels  Commentary courtesy of Kirk Sowell https://twitter.com/UticaRisk 

Commission for Human Rights ............. 2 hours ago .................. Lawk Ghafuri ...................... https://www.rudaw.net/english/middleeast/iraq/10032020

chattels   The statement also confirmed security forces’ use of hunting guns and live ammunition against the protesters in Khilani Square.

“The usage of live ammunition and hunting rifles by security forces against the protesters in Khilani square has resumed,” the statement reads. “Also Molotov cocktails and marbles have been used by both sides.”

futuremoney   Iraq will never change, its very obvious

chattels   Khilani Square is several hundred meters away from Tahrir Square, which has become the thumping heart of the anti-government protests.

The overwhelmingly young crowd initially limited its demands to improvements in public services, employment opportunities, and action against corruption. However, since the bloody crackdown by security forces and pro-government militias, their demands have grown with calls for the complete overthrow of the post-2003 elite.

More than 600 people have been killed and around 18,000 injured in clashes, according to Amnesty International.

Futuremoney   all hopes of the dinar helping my retirement are gone

futuremoney   chattels Good Morning

chattels   futuremoney Okie says that we should just relax. It will happen this week and cannot be stopped.

Chattels   Hopeful and optimistic despite all better judgment and prior experience.

Chattels   We will grieve not, rather find Strength in what remains behind; In the primal sympathy Which having been must ever be; In the soothing thoughts that spring Out of human suffering; In the faith that looks through death, In years that bring the philosophic mind.”

chattels   " Ode on Intimations of Immortality from Recollections of Early Childhood "

- William Wordsworth - 1770-1850

chattels   Made famous in the last century by Natalie Wood and Warren Beatty in the movie " Splendor in the Grass ".

chattels   What though the radiance which was once so bright. Be now for ever taken from my sight, Though nothing can bring back the hour. Of splendor in the grass, of glory in the flower;

Matt Dow Jones Industrial Average INDEXDJX: .DJI

24,460.81 +609.79 (2.56%) https://www.iqdcalls.com/Markets.html

Doug_W   Silver:$17.02 -0.06

DeanoCourtesy of Dinar Guru

Jeff ...Friday Brent crude oil was $45 a barrel. As of this evening Brent crude dropped $10 down to $35 a barrel. Everything is moving and happening exactly as I told you it would...remember their goal is to make Iraq look worse than it is...they're doing that politically. Economically. Everything. So now ask yourself why would they have all these crappy lying articles to make the country look like it's completely upside down in terrible shape and then they have these amazing banking articles. That should raise a red flag to you. We're right on track. Nothing on my side has changed...

Jeff ...we're at the end...all the news talking about Iraq's economics. Political scene. The budget. Everything is complete pure BS...everything is waiting on the rate change including the politics...only one level of news has been accurate. That's the banking news. You guys have seen some really good banking articles through this past week..

Zig   That is "Dinar Investor" AKA Jeff....he is a member here but only came once or twice...you can find his videos at https://www.iqdcalls.com/Dinar-Investor.html

Doug_W   Brent crude traded at $ 32.5, after incurring losses of 28.5%. And US light crude fell by more than 30% ؜ to the level of $ 28.77.

Doug_W  Analysts of the American investment bank pointed to the possibility of a drop in the price of Brent crude towards the level of $ 20 with current developments, while reducing its expectations for the second and third quarters to $ 30.

Doug_W   that means UNDER 2 dollar gasoline

Doug_W   even @futuremoney can afford that

Futuremoney   Doug_W gas is 1.87 here

futuremoney   up to 1.95

futuremoney   correction 2.03

futuremoney   Dave Good Morning

Dave   at 20.00 bucks a barrel...a bottle of.water at the gas stations would cost much more

Dave    in comparison

Dave   ....wait.....we do pay more for that bottle of water but do not squawk about that

Dave   Evian water Co....spell that backwards   oc retaw naive

Doug_W   futuremoney WHEN 1968 ?

Matt   My Vid: The Matrix Has Gone Blue Screen https://www.youtube.com/watch?v=mzn10x25JoE

Matt   Neil DegrAsse Tyson on Corona: "OBEY OR DIE" https://youtu.be/rmrBmbjdNNs Truth tells

 https://www.iqdcalls.com/chat/

IQD CALLS Monday Night 3-9-20

IQD CALLS Early Monday 3-9-20

Patty   Jimmy Lee When the change occurs, what percentage are you withholding for taxes?

Jimmy Lee   Patty taxes 40 %....exchange rate 20%

xyz   Fifth Third opened fake accounts like Wells Fargo, government says https://www.foxbusiness.com/money/fifth-third-fake-accounts-wells-fargo

xyz   Wells Fargo board chair, who broke glass ceilings in banking, resigns under pressure https://www.wbtv.com/2020/03/09/wells-fargo-board-chair-who-broke-glass-ceilings-banking-resigns-under-pressure/

Jimmy Lee   Patty when i exchange ,iam only going to exchange one third of my dinar and hold the rest for later exchange

PM xyz   OKIE: HEY GUYS THERE ARE NOT MUCH I CAN SAY THAT I WANT TO OTHER THAN WE ARE IN AN EXTREMELY SHORT WINDOW—GET READLY——NOW!!!!!

Dave   xyz Ready willing,,,,and waiting!

Patty   Jimmy Lee Perfect! Exactly what I was thinking for withholding. But I really don't have reams of Dinar, nor of anything else. Hopefully enough to do some good. (A few days ago I went into our store, bought a $20.00 gift card and gave it later to a woman who was carrying a baby. It made me feel so good to do that. Figure if I'd gone to the casino the money would be gone anyway.

Matt   Patty Sometimes you have to refresh the page

Dave   Patty never paid more than 2-3% to exchange currency????

Dave   20 %....???

Jo   Dave https://www.youtube.com/watch?v=4O8oemjdqBs ODD TV

Dave   Jo actually watched that......LOL

Patty   Dave Our little local banks charges $35.00 for a currency exchange regardless of how many bills of that one currency you want to exchange....however, they take the bills and submit them to the fed reserve facility for verification and exchange.

Of course our little bank doesn't exchange Zim, maybe not Dong either. I really am not comfortable with leaving the currency with them - even though I have copies of everything - I don't think that would matter. No faith in my little bank.

Dave   Bank of America does verification of currencies

Dave   not all banks have those Dela Rue machines

Dave   Little banks ..........lots of added charges?

Dave   1-3% is the most i have yet to pay for any exchange

Patty   Dave At least be prepared for what you have to pay, unless you can negotiate.

Dave   Patty negotiate?

sandyf   @Sam I Am The plan is stability ... political stability, economic stability, exchange rate stability

Plans are of little use if they cannot be implemented. The Iraqis had decades of dictatorship and appear to be unable to cope with democracy. Fairly good chance that Maliki may return to the helm, after all he has the qualities that some may prefer.

sandyf   @Sam I Am Kaperoni Okay, I just checked and Egypt went off the peg 3 years ago ... that one slipped past me because I quit following this stuff

Yes, and the currency lost 50% of the value overnight, not really what people are looking for.

Patty   Dave I'll leave money in your bank for 3 months, but I don't want to pay to initiate the exchange, etc.

sandyf   @Kaperoni Sam I Am well at least as long as the currency auctions exist

The so called auctions are never going to go away, there are 30+ countries using this mechanism.

"A stable exchange rate is an important objective for central banks and can be used as a monetary policy instrument to stabilize price levels. The nature and structure of the Iraqi economy, with its undeveloped financial system, makes the foreign exchange rate an important monetary policy instrument to stabilize and control economic agents’ and individuals’ inflation expectations.

The Central Bank of Iraq (CBI hereafter) is working hard to monitor and stabilize the foreign exchange rate, as it is the main instrument in has to control money supply and achieve other targets where traditional monetary policy instruments are ineffective .

Since 2004 the CBI has intervened directly in the foreign exchange market using an auction window as an instrument in the open market. The auction window for selling foreign currency is the main formal channel to meet the demand for foreign currency."http://www.ekof.bg.ac.rs/wp-content/uploads/2014/04/554.pdf

Dave   Usually 2-3 days here

Kaperoni   sandyf no **** sandy. The auctions absolutely will go away once the CBI accepts IMF Article VIII. There will be little need once the dinar is traded globally. In fact, it is preferred. And once the dinar floats, the global financial system will trade the dinar and its value will be determined by market forces.

Kaperoni   sandyf There are 4-5 Middle East countries floating. Not all of them lost value, not to mention Egypt is not Iraq. The IMF wants countries to float and in will be a necessity if Iraq has success building a private sector market economy due to the pressure created on the financial system. It is absolutely necessary. Remember Iraq needs over 60 billion dollars just to rebuild infrastructure they do not have that kind of money.

Matt   Jeff is also saying March 17 or 20 something? 2020 https://www.iqdcalls.com/Dinar-Investor.html

Wilder   Matt rv?

Matt   Yes

Matt   I would not count on it but? never know???

Kaperoni   Patty It is unlikely that you will ever got to a bank to exchange dinar. At least initially. Most banks are very conservative by nature and that means staying clear of volatile countries. An certainly it wont be to exchange for some mythical overnight RVI/RI that will not happen. I would expect the dinar to become a currency more applicable to the foreign exchange market (Forex) and traded/sold among market makers or brokers. I would not look to run to a bank to exchange anytime soon. Just not feasible or possible with so much currency in circulation.

Matt   He / Jeff thinks the market will go to 20K... which is is headed down to?

Kaperoni   My guess is that we end up setting up some kind of brokerage account and managing the dinar like any other foreign currency.

Matt   Dow Feb 12 was 29,551.42 Today it closed at 23,851.02 - 5,700

https://www.iqdcalls.com/chat/

IQD CALLS Monday Evening 3-9-20

IQD CALLS Monday Evening 3-9-20

Dave   Iraq i hear has plenty of concrete......200 bucks a yard?

Dave   that about a barrels worth????  Dave   or volume?

Baxter   OIL FUTURES dropped 25% today.. Occidental Chemical... dropped 44%  dow ..down 2016 points

Dave   Baxter Somethings up....aint Corona?

Baxter   caterpiller.. down 13%  EXXON MOBILE...DOWN 15%

Dave   Baxter just want to be able to purchase TP?

Dave   Costco Sold out????? usually from floor to ceiling

Dave   Baxter Not GOOD!

Baxter   nope

Baxter   we need...a global reset

Dave   hate to say it ......HMMMM? or LOL

Baxter   who knows

Dave   screwed up times these days i figure

Baxter   Marathon oil...down 43%..  carnival cruise lines..down 31%   Key Bank..down 18%  GAP... Down 11%  

Baxter   Cigna..Down 11%   Humana.. Down 12%    Gen Motors.. Down 17% D.R.Horton...down 13%

Zig   The GCR is close and the RV will follow soon after....the Iraqi Dinar will save the world!!!....that is the plan....it is unfolding.....Dinarians will prosper!!.....

Dave   So you;re telling me my mutual Funds are TANKING too ......THANX!

Dave   GO GCR GO GCR!

Baxter   BP.. DOWN 20%    ConocoPhillips...down 27%

Baxter   Just got a text from a TV Station in OHio... gas is down to 159.9....

Dave   Baxter up here......the Commies!

Baxter   was 1.74 yesterday

Dave   1.47/l

Chattels   US: 2 of our soldiers were killed in Iraq while accompanying Iraqi forces in anti-ISIS operation.

LINK

chattels   Iraqi CTService, in conjunction with International Coalition aircraft, kills 25 ISIS in helicopter air assault landing in Makhmur area in Ninawa Province. Another CTS air assault landing in Makhul Mountains in Salah ad-Din Province killed 3 ISIS. http://mobp.as/fMqDq

chattels   Kurdistan suspends official working hours in all agencies for 2 weeks due to Corona Virus with the exception of heath & security agencies. http://mobp.as/3cqDq

chattels   Iraq decides to close the city of Najaf for a week to prevent spread of Corona Virus. http://mobp.as/LztDq

Xyz   Breaking: Everything... In Biggest Stock-Selling Day In 20 Years https://www.zerohedge.com/markets/covid-19-chaos-crude-carnage-credit-collapse-biggest-stock-selling-day-20-years

chattels   Iraqi Parliament denies that 10 MPs have the Corona Virus. http://mobp.as/ajrDq

chattels   That should help attendance, eh ?

chattels   3 protesters killed and 44 wounded by Iraqi forces in Baghdad Sunday http://ninanews.com/Website/News/Details?key=816481

Doug_W   what a trash heap that country is and with SO much potential too

Chattels   A former minister: Corona will keep Abdel-Mahdi in office, and the blocs have been unable to find an alternative     [Baghdad-Where]  Former Minister of Youth and Sports and former deputy Jassem Al-Bayati revealed the political blocs ’tendency to keep resigned Prime Minister Adel Abdul-Mahdi in power for a longer period after political negotiations faltered, indicating that political and popular efforts are moving towards fighting Corona instead of Formation of government. http://www.alliraqnews.com/modules/news/article.php?storyid=87649

Chattels   Member of Parliamentary Energy: Abdul-Mahdi wasted the resources of the center and south in favor of Kurdistan

Editing Date: 3/3/2020 15:21 • Updated: 9/3/2020 15:35 • http://www.alliraqnews.com/modules/news/index.php?storytopic=41

chattels   "We hold the resigned Prime Minister wasting and wasting the wealth of the central and southern governorates in favor of the Kurdistan region in an unjust way distributing wealth based on political compliments and the continuation of his government to spend the amount of 452 billion dinars per month to the region, while the region's oil management did not pay export amounts of 250 thousand barrels of oil in The year 2019 until now. "

xyz   Corona virus infects computers too! http://www.alliraqnews.com/modules/news/article.php?storyid=87680

chattels   Repeat

chattels   Why is holding early elections a nearly impossible task in Iraq?

Omar Sattar February 25, 2020  Read more: https://www.al-monitor.com/pulse/originals/2020/02/iraq-early-elections-protests.html#ixzz6GE7uAO8Q

Matt   Market Summary > Dow Jones Industrial Average INDEXDJX: .DJI

23,851.02 −2,013.76 (7.79%) More https://www.iqdcalls.com/Markets.html

Dave   Doug_W we seeing a sight correction now in precious metals.....markets crashing Feds cutting interest rates etc.....wont be long before they sky rocket,,,,,,?

Dave   esp silver....hmm

Doug_W   Dave agreed    Silver:$17.10    was 19.00 a week ago

Dave   As the the Lone Ranger once said....Go Silver!

Sparky...the plot thickens...coronavirus...Suadi / Russia OPEC+ move...markets in mayhem...times like these always remind me, a setback is a setup, for a comeback.....not sure it has bottomed out tho...

Sparky   ...stock ,bonds, metals in flux...dirty money ( corona) may make cryptos a little more favorable...imo...at least hasten moves towards electronic money only worldwide...cleaner, and traceable...    ...paper money and coins are carriers...imu...

Sparky   ...I would't be surprised to see new record highs in the markets by April Fools Day...

Patty   Matt, what's crypto at now?

Sparky   Patty ...check out coinbase ...

Patty   Sparky ok. But in the meantime, how's Ying Yang?

Sparky   ...even tempered kitty...

Patty   Sparky Good. Now, if stocks are going to reach record highs for April Fools Day, we need our RV/RI right now so we can position ourselves to obtain the best bargains on good stocks. (I'm not allowed to buy bonds - my father didn't trust them)

Sparky   ...I absolutely agree. Today would be a fine day to get rich !

Jimmy Lee   Patty btc 7867.09 -4.45%

Sparky   Jimmy Lee ...bargain basement prices ...

Sparky   ...got a feeling a lot of folks are gonna get very rich, very,very soon...

Jimmy Lee   Sparky bargain prices yes... but basement prices IDN

Patty   Jimmy Lee Ouch. Thank you.

chattels   3-9-2020 Intel Guru MarkZ : [Guru] Okie says it’s gonna happen this week...] I think there is a better then excellent chance he is right. https://www.dinarguru.com/

 chattels   Be still my heart. Two call "RV" everyday gurus in agreement. It must be so, eh ?

chattels   I relaxed on Sunday just like Okie said, but here it is Monday of this week gone and I am no better off than I was last week.

larrykn   chattels come on chattels you got to have a lillte hope lol

Patty   chattels I listened to Tony call Okie today, said Okie could barely talk...was very weak. Even though I think it WILL happen anytime now, the way it sounded (and I didn't hear Okie talk, was only relayed by Tony) Okie was too weak to do anything. Now it makes me wonder.

Chattels   larrykn I always jave a little hope, just not a lot of expectation.

Chattels   Patty The only wonderment will be if anything happens.    But I am relaxed and ready !

Patty   chattels Even better Chattels, the info came into dinarguru from MarkZ. I tried to listen to him this AM too. Must have come in late because I wasn't interested in the special oil his guest was promoting so had to turn him off early.

larrykn   they can't even form a govenment and they think they will change their currency without it , really

 chattels   larrykn The new narrative is not that this or that is good and foretells our event, but that things are sooooooooooo bad that it must happen.

chattels   Can someone connect the dots on the foregoing logic for me ?

larrykn   oh I see if it gets real bad they will just have to do it , that make a lot of good sence lol

Sparky   chattels ...demonstrators are our hope...young Iraqis waking up...

Chattels   Sparky It may take one more generation I am afraid.

larrykn   well time to go back into my hole have a good night all :)

chattels   I am going to relax a bit more. Have a fine evening all.

Sparky   ...and, maybe low revenue in oil will propogate change in value...IDN...

Matt   Markets down record drops even Bitcoin is down Market Summary > www.iqdcalls.com/Markets.html

Patty   Matt It only shows for March 6th...I usually wait for you to update the 'charts & prices' below.

Patty   Jimmy Lee When the change occurs, what percentage are you withholding for taxes?

Jimmy Lee   Patty taxes 40 %....exchange rate 20%

xyz   Fifth Third opened fake accounts like Wells Fargo, government says https://www.foxbusiness.com/money/fifth-third-fake-accounts-wells-fargo

xyz   Wells Fargo board chair, who broke glass ceilings in banking, resigns under pressure https://www.wbtv.com/2020/03/09/wells-fargo-board-chair-who-broke-glass-ceilings-banking-resigns-under-pressure/

https://www.iqdcalls.com/chat/

IQD CALLS Early Monday 3-9-20

IQD CALLS Early Monday 3-9-20

Terry    Tried to deposit my dinar at the bank. Told me to see the cashier in the outhouse out back. See there's still no advancement.

Whitelions   The central bank begins a sterilization campaign for its building in the Mosul branch.......The Central Bank of Iraq / the Mosul branch, in cooperation with the Directorate of Civil Defense in the province, and in the presence of the radioactive chemical chemical team (CBRN), initiated cleansing and sterilization operations in the Central Bank that covered all building facilities, to guard against the spread of infections with the emerging " Corona Virus " .       https://cbi.iq/news/view/1454

Chattels   Economist for NINA: "Iraq is on the brink of a major economic catastrophe as a result of the drop in global oil prices  Monday 09, 2020 https://ninanews.com/Website/News/Details?key=816449

chattels    "the budget was not approved" intentionally "and was prepared by non-economists on the basis of the price of 56 dollars per barrel, which is now falling to 32 dollars, and the approximate deficit exceeds 51 billion dollars," asking: " How will Iraq face this decline and what measures will save the Iraqi economy?"

chattels   "We are heading towards an economic catastrophe, the extent of which is not known to God."

chattels   Likewise I am convinced that only God knows what will ultimately transpire with the value of the Iraqi dinar.

chattels   Certainly I do not know and I am skeptical of anyone who professes to know the future of Iraq and it's currency.

chattels   There is little news today. Probably because it is a national holiday in Iraq.

chattels   Maybe it is not a National Holiday, but it is a celebration of the birth of Imam Ali

Chattels   OK, it ended last night.

chattels  Birthday of Imam Ali 2020 in Iran began in the evening of  Saturday, March 7 and ended in the evening of   Sunday, March 8  Dates may vary.

chattels   Many Shia Muslims also celebrate Imam Ali's birth anniversary as Father's Day in Iran.

Zig   "Kaperoni"  "Members sitting around here waiting for some significant RV"...................What makes you think we are doing that?? ::impatient:

chattels   Zig i was a bit offended by Kap's remark and also wondered to myself why he continually researches and posts at DA.

Zig   Who knows what motivates anyone to do anything in this community.....Not I.....

chattels   I have read Kap's posts over time and I know his analysis. I don't need to hear it anymore.

chattels   The reaction of most people in here to him is predictable also.

chattels   With my unsolicited opinion having been published, I am going to work. Have a fine day all.

Doug_W   Silver is down an additional 50 l cents today

Jimmy Lee   s and p halted for 15 mins down7%

Clay   why did it halt

Jimmy Lee   halts trading when is down 7 %

Clay   and does anyone know why the saudis dropped oil prices so low

Patty   Clay To give people/institutions a chance to think about what they're doing instead of just "shooting from the hip". Trying to control the "knee Jerk" reaction.

Clay   thanks Jimmy didnt know

Clay   is it a reaction to oil pricing or Corona

Jimmy Lee   likely both

Clay   k

Patty   Clay From what I read, it has to do with Russia telling the Saudis what to do in the OPEC +, and the Saudis telling Russia "No".

Clay   k

Jimmy Lee   crude 32.36 down 22%   brent 35.45 down 21.8%  markets reopen dow down1950

Doug_W   silver now 16.88   down almost 60 cents

Jimmy Lee   gold and silver both down

Doug_W   yes

Doug_W   Gold:$1,673.48-2.78

Patty   Doug_W  gold was at $1683 at the open.

Patty   Jimmy Lee Why would Saudi mess with their Aramco stock?

Jimmy Lee   Patty want higher % of world oil market

Kaperoni    Sam I Am bout time I get some help in here.

Sam I Am   Kaperoni With what?

Sam I Am   You and I aren't on the same page

Kaperoni    Sam I Am well we're not off by much. But we know the gurus are *

Kaperoni   Did you see * Guru Breitling today he thinks that the coronavirus is going to make the dinar go up in value now LOL

Sam I Am    I mean, we both know (unlike Breitling, the moron) that they can't reduce the money supply substantially and can't do a big RV

Sam I Am    LOL

Kaperoni   Sam I Am well at least as long as the currency auctions exist

Sam I Am   The virus is affecting the stock market and Brazil's currency

Sam I Am   I'm thinking about making another trip to the land of samba .... 5 to the dollar

Doug_W   Brent is now 37.20

Kaperoni   Doug_W low low low oil prices are good for this investment for sure it's about the only thing that will get the Iraqis to listen

Kaperoni   Sam I Am he was a carpenter right unemployed?

Sam I Am   Kaperoni It was $30/bl a few years ago and nothing happened

 Kaperoni  Sam I Am well I wouldn't be so broad is to say nothing happened a lot has happened over the last few years just not what most are looking for

Sam I Am   Kaperoni It was 1170 when I bought back in 2010 and it's 1190 now

Sam I Am   going the wrong way LOL

Sam I Am   and it will be 1200 before it will be 1100

Kaperoni   Sam I Am no doubt there hasn't been any Improvement in the exchange rate but there has been progress over the last several years to diversify the economy. And that will have to continue if this plan of raising the value will ever work

Sam I Am   THERE IS NO PLAN

Sam I Am   LOL

Sam I Am   That's what I've been trying to tell everybody for 8 years

Kaperoni   Sam I Am it only went down to 1190 as part of the IMF program in 2015 to provide trusteeship and guidance to the CBI

Sam I Am   The plan is stability ... political stability, economic stability, exchange rate stability

Sam I Am   from Shabs himself

Kaperoni   Sam I Am you could be a little confused stability as identified several times over the years by the IMF is to meet compliance. Eventually they're going to have to get off the peg if there is significant growth of the private sector it's just the way things work even your expert will tell you that

Sam I Am   All of those countries have a pegged currency, including Kuwait. They're not doing too bad.

Kaperoni   But I'm not here to argue policy. But we should team up and Bash these idiot gurus who keep confusing people into believing some overnight event is going to occur where they will get rich. LOL

Sam I Am   They don't have to get off the peg, and they won't until they have a Western style diversified economy.

Sam I Am   Sorry, Kap. This isn't WWII. I ain't sucking up to Stalin.

Kaperoni   Sam I Am some are pegged, some are floating. The IMF doesn't want countries pegged. They want them to float and let the world decide the value of their currency. Eventually that will have to happen if Iraq gets substantial investment. (Some 60 billion dollars) to rebuild that they are wishing for.

Sam I Am   Kaperoni Are you saying that there are countries in that region on a free float?

Sam I Am   that's news to me

Kaperoni   Egypt for one is.

Kaperoni   Think there are 4-5

Sam I Am   Kaperoni Okay, I just checked and Egypt went off the peg 3 years ago ... that one slipped past me because I quit following this stuff

Sam I Am   So I'll give you that one

Doug_W   Saudi Arabia triggers an oil price crash — Goldman Sachs warns $20 oil is possible

Sam I Am   I think Turkey floats too but they're not really Arabs

Sam I Am   More of a Western economy

Kaperoni   Lol

Sam I Am   I'm heading out ... have a good one guys

Kaperoni   Ok. Bye Sam.

 https://www.iqdcalls.com/chat/

IQD CALLS Chat Sunday Night 3-8-20

IQD CALLS Chat Sunday Night 3-8-20

TWWIII   Today's Crude OIL prices: 32.44▼  -8.84 -21.41%  EDT. Delayed 15 minutes. Currency In USD

Baxter   and FALLING.... WAIT till next week...... will be under 30 bucks

TWWIII   Baxter I agree Bax

Baxter   RUSSIA is mad at the U.S.

TWWIII    Do I hear $1.99 at the gas pumps??

Baxter   its 1.74 in ohio.. right now

TWWIII   Its $2.67-$3.29 here

Baxter   MARCH 8, 2020   WORLD OIL NEWS  MOSCOW (Bloomberg) --At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil market upside down.

Alexander Novak told his Saudi Arabian counterpart Prince Abdulaziz bin Salman that Russia was unwilling to cut oil production further. The Kremlin had decided that propping up prices as the coronavirus ravaged energy demand would be a gift to the U.S. shale industry. The frackers had added millions of barrels of oil to the global market while Russian companies kept wells idle. Now it was time to squeeze the Americans.

After five hours of polite but fruitless negotiation, in which Russia clearly laid out its strategy, the talks broke down. Oil prices fell more than 10%. It wasn’t just traders who were caught out: Ministers were so shocked, they didn’t know what to say, according to a person in the room. The gathering suddenly had the atmosphere of a wake, said another.

Baxter   For over three years, President Vladimir Putin had kept Russia inside the OPEC+ coalition, allying with Saudi Arabia and the other members of the Organization of Petroleum Exporting Countries to curb oil production and support prices. On top of helping Russia’s treasury – energy exports are the largest source of state revenue – the alliance brought foreign policy gains, creating a bond with Saudi Arabia’s new leader, Crown Prince Mohammed bin Salman.

But the OPEC+ deal also aided America’s shale industry and Russia was increasingly angry with the Trump administration’s willingness to employ energy as a political and economic tool. It was especially irked by the U.S.’s use of sanctions to prevent the completion of a pipeline linking Siberia’s gas fields with Germany, known as Nord Stream 2. The White House has also targeted the Venezuelan business of Russia’s state-oil producer Rosneft.

“The Kremlin has decided to sacrifice OPEC+ to stop U.S. shale producers and punish the U.S. for messing with Nord Stream 2,” said Alexander Dynkin, president of the Institute of World Economy and International Relations in Moscow, a state-run think tank. “Of course, to upset Saudi Arabia could be a risky thing, but this is Russia’s strategy at the moment – flexible geometry of interests.”

Baxter   Too Low. When the coronavirus started devastating Chinese economic activity in early February – cutting oil demand in Saudi Arabia’s biggest customer by 20% -- Prince Abdulaziz tried to convince Novak that they should call an early OPEC+ meeting in response to cutback supply. Novak said no. The Saudi king and Putin spoke by phone **-- it didn’t help.

As the virus spread and analysts forecast the worst year for oil demand since the global financial crisis, the Saudi camp was hopeful Moscow could be won round at the next scheduled OPEC meeting in early March.

The Russians didn’t rule out deepening cuts, but kept making the point that shale producers should be made to share the pain. Putin, who has been the final arbiter of Russia’s OPEC+ policy since the alliance started in 2016, met oil Russian producers and key ministers last Sunday.

Bad Chemistry. As ministers gathered in Vienna this week, Saudi Arabia made a final effort to force Russia’s hand. They persuaded the core OPEC group to support a deep production cut of 1.5 million barrels a day, but made it contingent on Russia and the other OPEC+ countries joining in. Novak turned up last at the Vienna headquarters where his nervous counterparts were waiting for him, and refused to budge.

Baxter   The crown prince even considered calling Putin on Friday, according to a person familiar with the situation. But Putin’s spokesman made clear to reporters he had no plans to get involved. As for the two countries’ oil ministers, there was no personal chemistry between them, according to a person in the room. They didn’t exchange a single smile, said another.

With every leak from the meeting the price of oil twitched, as traders slowly came to realize a deal was going to be impossible.

Priming the Pump. Rosneft is delighted with the breakup. It can now move to boost its market share, said spokesman Mikhail Leontiev.

“If you always give in to partners, you are no longer partners. It’s called something else,” he told Bloomberg. “Let’s see how American shale exploration feels under these conditions.”

TWWIII   Interesting, T Y

Baxter   But the decision to take on shale could backfire. While many drillers in Texas and other shale regions look vulnerable, as they’re overly indebted and already battered by rock-bottom natural gas prices, significant declines in U.S. production may take time.

The largest American oil companies, Exxon Mobil Corp. and Chevron Corp., now control many shale wells and have the balance sheets to withstand lower prices. Some smaller drillers may go out of business, but many will have bought financial hedges against the drop in crude.

In the short run, Russia is in a good position to withstand an oil price slump. The budget breaks even at a price of $42 a barrel and the finance ministry has squirreled away billions in a rainy-day fund. Nonetheless, the coronavirus’s impact on the global economy is still unclear and with millions more barrels poised to flood the market, Wall Street analysts are warning oil could test recent lows of $26 a barrel.

Breathing Space. In Saudi Arabia, where the government is almost entirely dependent on oil to fund government spending, the economic impact will be immediate. Prince Abdulaziz and his half-brother Crown Prince Mohammed will have every incentive to boost production to maximize revenue as prices fall.

“Prices will fall until either Moscow or Riyadh call off the endurance contest” or North American production is massively curtailed, said Bob McNally, president of Rapidan Energy Advisors and a former National Security Council staffer.

Baxter   Relations between the two energy ministries remain cordial and the diplomatic mechanisms of the OPEC+ group are still in place, keeping the door open in case the two sides do decide to reunite. Novak told his peers on Friday that OPEC+ isn’t over.

But a photo of the conference room after the delegates had left hinted at a different story: The small Russian flag by Novak’s seat had been knocked over. And Prince Abdulaziz left his counterparts with a grave warning: Trust me, he told them, according to a person in the room. This will be a regrettable day for us all.

Baxter   THE END

Baxter   THIS... will devastate Iraq..they need 52 a barrel for the budget..aint gonna happen

TWWIII   Yes it will big time

Baxter   THERE WILL BE A SALE ON DINAR.. TOMORROW.. LOL

TWWIII   Mayb silver will also go down, I'll check

TWWIII   Naa, only a 21 cent drop so far  Dropped again: 32.18▼  -9.10  -22.04%  EDT. Delayed 15 minutes. Currency In USD

biff   Dayum Iraq is running out of money ;$$$

Baxter   afraid so Biff   not good at all

biff   I know

Wilder     "$20 oil in 2020 is coming," Ali Khedery, formerly Exxon's senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures, wrote Sunday on Twitter. "Huge geopolitical implications. Timely stimulus for net consumers. Catastrophic for failed/failing petro-kleptocracies Iraq, Iran, etc - may prove existential 1-2 punch when paired with COVID19. Since Iraq and Iran can't get their act together we'll just squeeze a little tighter. Are you hungry yet?

Baxter   WILDER..... I know...... its always something

biff   A lot of bull caca news coming out of Iran. I saw the twitter pic of the guy on the ground in front of the hospital suffering from the corona virus

Baxter   really..

biff   yes

Wilder   Baxter it might work to our benefit. Another sanction strategy?

Baxter   Wilder.. who knows...could be

biff   they closed down the hospital

Baxter   Italy put a loop around 12 million people today

biff   They are arresting people for licking Idols in Iran

Baxter   wow

biff   causing the spread of the virus

Baxter   you cant believe the people down here hoarding water and toilet paper...of all things

biff   As far as I know Iran is done. No money for thier Proxies

Baxter   I saw one guy today in walmart with three shopping carts... clear full of water

biff   RO Water

Baxter   bottled water   cases of water

biff   the best water you can drink RO Water

Baxter   there was no lettuce at all... very few gallons of milk left..

biff   dayum

Baxter   just crazy

********************8

biff  Is shiot is by design by the deep state

Baxter   absolutely

biff   These people are crazy !!!! They will do anything to stop Trump

Baxter   yep...  and he knows it

biff     Baxter I saw something on Youtube about the CDC. Rosenstien's sister is on the board of the CDC. Media Relations/ Communications.

Baxter   really    wow

biff   its true

Baxter   very interesting

Wilder   Many different opinions out there on the speculation of the decline of cost per barrel. A supply flood and inventory surge

The impending flood of supply, overwhelmed inventories and coronavirus-led demand shock to a commodity that was already seen as relatively depressed in terms of pricing will inevitably slam those prices further — the question only remains as to how much.

Not everyone shares Khedery's $20 per barrel oil forecast. Goldman Sachs predicted a bottom-out price of $35 per barrel in the event of a price war, or a fall to $40 before a second-quarter average of $42 if nothing changes.

Emirates NBD forecasts Brent prices to average $45 per barrel and WTI at $40 "with troughs in Q2 before a tentative recovery over the rest of the year."

Correction: Ali Khedery is CEO of U.S.-based strategy firm Dragoman Ventures. An earlier version misstated the country

Baxter   Iraqs budget is set at 52 dollars a barrel...

Baxter   Dropped again: 32.18▼  -9.10  -22.04%  EDT. Delayed 15 minutes. Currency In USD

Zig   Baxter : All Iraq has to do is RV and they'll have plenty of money according to some Gurus....It works like that, right???

xyz   This is from my trusted sources who depend on the truth in their information as it is from much higher sources https://dinarrecaps.com/our-blog/dinarangel-ktfa-jim-willie-and-more-sunday-evening-3-8-2020

Chattels   Iranian Health Ministry: there are 6566 Corona cases in Iran. http://mobp.as/PJcDq

Baxter   Chattels.. did you see what Oil did today?? Dropped over 20 Percent..

chattels   " .............. the current head of the Iraqi intelligence service, Mustafa Al-Kazemi, and the chief adviser to the Presidential Office, Ali Shukri, ............." Two characters nominated to head the new government .. And decisiveness next week. Editing Date: 3/3/2020 23:18 •

http://www.alliraqnews.com/modules/news/article.php?storyid=87629

chattels   Baxter That should leave a red mark on the Iraqi " budget ".

Baxter   down to 32 dollars.... and still falling

Baxter   I brought in a big article a couple of hours ago..    its a good read

chattels    Baxter Brutal for oil dependent economies.

Baxter   said it could get down to 20 dollars    this YEAR

 Baxter   Russia pulled out of OPEC      it will devastate Iraq... for sure    if it happens

Jimmy Lee   Baxter brent...35.90 crude 32.63

Baxter   yep...    in june of 2008... it was 128 dollars a barrel    just crazy

Jimmy Lee   crazy 4 sure

Zig   Footforward: He is still around.....lol...... "Suddenly people are talking about how Iraq's economy is in trouble... The puzzle pieces are coming together so well... Without an RV Iraq is in big trouble."

Xyz   Oil Crashes, Stocks Plunge in ‘Wild’ Trading: Markets Wrap https://finance.yahoo.com/news/yen-surges-oil-price-war-204315738.html

xyz   3-7-2020 Newshound Guru Kaperoni ... it's a known fact that over 70% of the currency in Iraq is ...

xyz   IQD?

xyz   3-7-2020 Newshound Guru Kaperoni the CBI is reducing the note count.

xyz   Per https://www.dinarguru.com/

Xyz    Bloodbath on world markets: Dow to open 1,000 points lower, FTSE to sink 300 points and oil prices see the biggest plunge since the Gulf War in 1991 amid oil price war https://www.dailymail.co.uk/news/article-8089691/Dow-Jones-futures-tumble-1-000-points-amid-oil-price-war.html ;crying;

xyz   Coronavirus may force Americans to avoid ... health official https://www.thebaghdadpost.com/en/Story/47416/Coronavirus-may-force-Americans-to-avoid-crowds-and-cancel-cruises-health-official-warns

xyz   Iran Says Expulsion of US Troops from Iraq Imminent http://www.basnews.com/index.php/en/news/iraq/587406

ERBIL - Ali Shamkhani, the secretary of Iran’s National Security Council, said on Sunday that the expulsion of the US troops from Iraq is imminent, noting that killing Iran's top commander, Qassem Soleimani, by Washington was a "strategic mistake."

Shamkhani made the comments on Sunday during a meeting with Iraq's Intelligence Chief Mustafa al-Kazimi in Baghdad where they discussed various topics, reports said.

"Assassinating generals of Resistance Axis, Marty Haj Ghasem Soleimani and Abu Mahdi al-Muahdis, was the result of a strategic mistake by Trump and the evil team in the White House," he said, according to Mehr News Agency.

"The countdown to the expulsion of America from the region began the early morning of Friday, Jan. 3."

Kazimi is also a candidate of the Shia factions for Iraq's premiership.

Shamkhani further argued that the participations of people in gatherings outside of the US embassy in Baghdad indicated that they want the US troops out of the country.

"Political and security developments of Iraq have a grave influence on regional stability and peace," he said, adding, "The Islamic Republic has always supported the formation of powerful and efficient government according to Iraqi people’s vote and determination."

xyz   BIG MISTAKE      if true

xyz   Shamkhani: Countdown started for expulsion of US forces from region

https://www.presstv.com/Detail/2020/03/08/620419/Shamkhani-Mustafa-Kadhimi-Iran-Iraq-US-troops

The secretary of Iran's Supreme National Security Council (SNSC) says the countdown for the expulsion of US forces from the region has already started after the assassination of Iran's top anti-terrorist commander, Lt. Col. Qassem Soleimani and his companions in Baghdad in early January.

xyz   US muddling region, pressuring Iraq to cut ties with Iran: Iraqi PM https://www.presstv.com/Detail/2020/03/08/620436/US-pressuring-Iraq-cut-ties-Iran

xyz   some dinarians have given up!

xyz   Zig it's noy easy being a dinarian     Lots of fork think we are nuts and think that we are Conspiracy Theorists       Zig I know I am not but not sure of you and others :popcorn

Kaperoni   What's new Zig?

Kaperoni   Members sitting around here waiting for some significant RV even though it's mathematically impossible?

Kaperoni   I scrolled up above and it looks like XYZ is putting words in my mouth again something about reducing the money supply or the note count? No I never said that and that's physically impossible to significantly reduce the note count or money supply as long as the currency auctions exist

Kaperoni   And when over 70% of the physical currency is outside the banking system it's impossible for the CBI to do much of anything except try to convince citizens to open an account and deposit their funds.

Kaperoni   Well y'all have a good night and I'll make a wager with anyone that nothing happens tomorrow pertaining to the dinar. LOL

https://www.iqdcalls.com/chat/