Thread: "against the grain" perspectives......

DW, fair enough. I am not disputing your statements. Rather I'm on the lookout for some kind of a marker to point to the Kuwaiti allusion. So far, the search hasn't yielded much to be convinced.

Originally Posted by DesertWolf

While it was happening, I received daily report on the exchange rate of the Kuwaiti Dinar. When it spiked over that 3-4 day period I almost mess-in-my pants before it dropped like a rock. Sorry guys, but I lived through the even and that was what I saw. Besides, isn’t important to deal with the subject in hand, the IQD? It’s too late to do anything about lost opportunities over the Kuwaiti Dinar.

I see no reason in beating a dead horse, that is unless it dropped dead on your new Porsche!

DesertWolf

well lets try this one!http://www.iraqdirectory.com/DisplayNews.aspx?id=1593

Originally Posted by duck2000

well lets try this one!http://www.iraqdirectory.com/DisplayNews.aspx?id=1593

Now you're talking! I've read this before and there are varying interpretations of the article. The following posted in May by Din Diesel sums it up as well though the mentioning of lifting 3 zeroes could be interpreted either way. Looks good though I still think it will be a long while before we reach such levels.

Originally Posted by Din Diesel

Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised
29 June 2006 (Baghdad: Al Sabah newspaper)
The Ministry of Finance together with the Central Bank are studying a proposal to raise the value of the Iraqi dinar in order to return it to previous levels where one Iraqi dinar was valued at 3.33 US dollars. This was pre 1980 before Iraq became involved in three destructive wars that at one time led to the currency's value dropping to a level of 3,000 Iraqi dinars to one US dollar. The proposal has the support and approval of the World Bank.
A statement was made to AL Sabah by B.J. AL Zubaidi, the Minister of Finance, in which he said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its value so that one Dinar be equal to a Dollar. He explained that the financial authorities were set on holding a meeting next month to discuss the matter. The meeting is to be attended by experts and spe******ts from the Ministry of Finance, the Iraqi Central Bank and the Commercial Bank .
The new Minister confirmed that 2007 would see the preparation of a qualitative budget, the first of its kind in Iraq history, and that the new program would pinpoint economic indicators.

Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised | Iraq Updates

I thought this would be useful to those who missed where the three zero theory came from, just to dispell any rumors!

Originally Posted by DesertWolf

Kuwait was a stable government before and after the Iraq invasion. Their RV didn’t take as long. However, I could see a very slow start but when they started to spike I really regretted NOT listening to him. The last E-Mail updates stopped after they topped over $8. USD and of course I know the reason why…

As said before, NOT THIS TIME!

DesertWolf

Regardless of the stability what kind of time frame was it when it spiked? Give us an idea of the spike increments and time frame. I know you regret not investing and because it was traumatic for you you must have a distinct memory of how it "reverted" (for those unhappy with RV) to it's original rate.

The fact that you said it "spiked" was helpful now bring it home. Slow Grow doesn't spike.

Originally Posted by breakeven

Now you're talking! I've read this before and there are varying interpretations of the article. The following posted in May by Din Diesel sums it up as well though the mentioning of lifting 3 zeroes could be interpreted either way. Looks good though I still think it will be a long while before we reach such levels.

I hope you're not suggesting that lifting 3 zeros means "lop". That theory was discredited, pulverized and thrown on the ash heap a year ago.

Originally Posted by Dinar Cha Ching

I hope you're not suggesting that lifting 3 zeros means "lop". That theory was discredited, pulverized and thrown on the ash heap a year ago.

I'm not suggesting anything. I wouldn't want to fall foul of your unsolicited attention. ;-) Like I said on another of my posts, only time will stand testimony to our respective theories. We are all entitled to voice our opinions within reason.

Originally Posted by breakeven

Selective nit-picking isn't a healthy hobby!

No, that isn't the basis of my slow theory. Maybe you should re-read my post in its entirety before asking me to start reading the forums. I read them alright...just try to amuse myself more with posts tainted in delusions.

It is my belief that there will be a slow grow. I don't have proof for it. Likewise, there isn't proof that Iraq can faciliate an overnight revalue. It's all based on speculative assumptions. There's talk that Iraq has to do it, they have no choice, just look at the economic situation, it's going to go down the pan if they don't...again mere opinions just like mine.

I do not know half as much as the rest of the members know...and I stand to be corrected not ridiculed.

Whose theory will be the testimony of time? No one knows for sure...let's just wait and see...By the way, the inflation in Zimbabwe is set to reach 1.5 million by the year end. Still 6 months to go!

Waiting to see whose theory proves true is fine. Why not make it more pleasant for all by not posting ignorant statements, such as your last post, last sentence..about a high RV causing an immediate run on the banks? Where do you come up with this stuff?

If it RVs high, what would a 'run on the banks' accomplish? A run on the banks is due to people fearing they will not be able to access their money for whatever reason. With a high RV people will be richer, and therefore running to the STORE to BUY STUFF, not to the banks to make withdrawals for fear of loosing their value. Remember also, that Iraqis do not have a history of keeping funds in the banks, there is no reason for a run on the banks.

We have a wonderful opportunity to expand our horizons with the use of forums like this one, but it gets creepy when some want only to come off sounding like they know what they are talking about..when in fact they are simply strongly opinionated and quite ignorant.

Originally Posted by 40plus

We have a wonderful opportunity to expand our horizons with the use of forums like this one, but it gets creepy when some want only to come off sounding like they know what they are talking about..when in fact they are simply strongly opinionated and quite ignorant.

OOOhhh!!! That one connected!

I have been preaching this from day one! To have a big RV,(say .50 to 1) you have to have smaller demos. Period end of story! That is a fact! Now some people say they will use the smaller US denominations until the Iraqi demos are in play! Yea right! They don't even want us in their country! Much less use our currency! To find an RV the smaller demos will have to be found. NO DEMOS! NO RV! THAT IS A FACT!

hmmmmmmmm. show me the small denoms then.