Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by zwhatimsaying

Keep in mind also, oil is a world commodity, this means that it will need to stay in line with other oil fields around the world or they run the risk of someone going somewhere else to drill. with this in mind it an oil field cost 3 million in Kuwait, then it would need to be that price or close to it in Iraq and if there is a price reval in iraq the price of that oil field would still need to stay at or close to that 3 million dollar price to attract business. Unless the price increases world wide. If that were to happen the price would then rise to follow what other oil fields are changing.

Commodity and currency go hand in hand.
We are not holders of the oil commodity so the gas analogy does not apply.


Commodity money - Wikipedia, the free encyclopedia

Originally Posted by ezcash

Could someone please clarify the start date of the 10 day auction closure? Think I got the other bank closure days straight..but maybe not? ez:)

The 23rd, first day of Eid, should reopen 11-02 day after ISX reopens, maybe with a lot of reverse splits.

Originally Posted by Inscrutable

The 23rd, first day of Eid, should reopen 11-02 day after ISX reopens, maybe with a lot of reverse splits.

oh undoubtedly, lol!

Originally Posted by Inscrutable

The 23rd, first day of Eid, should reopen 11-02 day after ISX reopens, maybe with a lot of reverse splits.

Thank you Inscrutable ... so that could line up nicely with Shabibi at economic conference 10/30 and 10/31 ....hope its not alot of co-incidents to be co-incidental??

Originally Posted by Inscrutable

The 23rd, first day of Eid, should reopen 11-02 day after ISX reopens, maybe with a lot of reverse splits.

My B-day, Nov. 2nd... $1.24-$1.28...

Originally Posted by shotgunsusie

hows this for a scenario... bush says NOTHIN about the economy in iraq. NOTHING good is coming out of iraq media wise concerning their progress over this mess. ALL the dems and naysayers of the world begin reveling in the negative vibrations and capitolizing on them.

THEN! TABLES TURN, REVALUED CURRENCY, VIOLENCE MELLOWS IN IRAQ BECAUSE PPL ARE CELEBRATING, FIL ALLOWS BIG BUSINESS INTO IRAQ BY THE HOARDS, OIL INVESTMENT COMES IN THE BIG PACKAGE AND BIG OIL BEGINS REFURBING THE OIL INDUSTRY OF IRAQ IN LEAPS AND BOUNDS, IRAQ CONTINUES MIRACULOUS RECOVERY, WORLD IS TAKEN BY SURPRISE!!!!

This is precisely why I love it here!

Susie, I feel like flying up to Anchorage, renting a Harley, Picking you up and take you for a ride! Hope it's still warm enough there (over 30 degrees that is.... )...

So where is the nearest Harley dealer?

Watching Hannity & Colmes... Jack Kemp was being interviewed and said victory in Iraq had to be economic and that he is for marshal aid plan to strenghten the Iraqi people. Sounds positive to me.

This is not true. Not the fact that she told you this, but that they get their dinar from BOA. From the articles, JPMorgan was the only US authorized Banking member to exchange to the US. Not to mention that when they first started jsfletcher and I D&Ded this. I spoke to the JPMorgan main Office in New York. The gentleman told me now, that they come straight from CBI or out of Jordan. Just my take with what I been told and read thru the article on this forum. If it really matters at all.

Originally Posted by mike brown

A note. I stopped into a Northern New Jersey branch of Chase today to make a purchase of 1.5 for a friend. The girl accidently told me the banks buy price of .00062 as this is what she was going to charge me before I said whoa! the rate went down that far? then she corrected the rate.
I also asked her if they purchase through a broker since I have to return in 2 days to pick it up and she said no they get it from Bank Of America.
No account needed for purchase $5.00 fee and drivers license.

So Chase is still selling as of 10-25. Attached is the receipt.

ImageShack® - Hosting
zSHARE - receiptchase.jpg

this is not a mistake on her part, she just quoted you the current buy rate that chase will buy back your dinars at, ei. exchange rate.

they have been quoting this buy rate for over 2 months.

this is my 1st post, the bank i got my 1st million dinar from told me when i was ready to cash it in it would take 3 weeks to get the us dollars and also the exchange rate the day i brought it in would not be the rate i would receive. they said the rate would be on the day they finally processed it. so i called bank of america and they said if you have an account with them you would get the rate of exchange for the day you took it in and would recevie the us dollars back in 2 day's. if you don't have an account with them it would take 2 weeks before you would receive the money, although you would get the rate exchange for the day you took it in. does any of this sound right to anyone? or is there a quicker smoother way to do this? i'm not trying to get the cart in front of the horse i just want to get things in order and lined up before the r/v hits.

Originally Posted by Inscrutable

Commodity and currency go hand in hand.
We are not holders of the oil commodity so the gas analogy does not apply.


Commodity money - Wikipedia, the free encyclopedia

commodity and value go hand in hand. You are not seeing the importance of a world commodity. This is a product that has a price governed by world demand. This has a fixed price. You have to stay in line with others that are doing what you do.

To put is simply:

If Kuwait were to change Exxon 3,000,000.00 dollars to drill that would cost Exxon 3 million dollars world of Kuwaiti dinar

If Iraq were to charge Exxon 3 million dollars to drill at current rate 4 billion dinar would be required and just because they raise the value of their currency to 1 dollar instead of 1470 per dollar it is still going to cost Exxon 3 million. they need to or Exxon would go to Kuwait. That is simple econ.