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

Originally Posted by choochie

O.K., maybe I missed it, but who is the guy you underlined?

Salih is deputy PM.

Originally Posted by Adster

1000/1 makes no real difference. They need to curb inflation and give their people buying power. 1000/1 does not cut it. Remember the current rate is a programme artificial rate, and at a 1000/1 it would still be close to an artificial rate. Come on, we know what the REAL rate was 3 to 4 years ago.

I know a 1:1 or close is what needs to be done and what I really want, im just sick of all the sh*t people talk about the investment.....

Originally Posted by PaulieThaGreat

I dont believe they will go 1:1 or anywhere close for a longtime. Once they go 1000/1 it might make things a little easier so they can fix security issues. THEN MAYBE, "MAYBE" a 1:1 or close? Just my opinion, what do you guys think?

Paulie, Paulie, Paulie.....there is no room for small increases.....it will have to be now and high or they are going to see world support further deteriorate and write them off. We have reached the witching hour and they better do some magic quick or poof their done. JMHO.

Originally Posted by PaulieThaGreat

I dont believe they will go 1:1 or anywhere close for a longtime. Once they go 1000/1 it might make things a little easier so they can fix security issues. THEN MAYBE, "MAYBE" a 1:1 or close? Just my opinion, what do you guys think?

Security is not reason for delay in foreign investments, oil, and currency. All the big boys such as China and Japan have said they are ready to come in and they will provide their own security.

Originally Posted by PaulieThaGreat

I know a 1:1 or close is what needs to be done and what I really want, im just sick of all the sh*t people talk about the investment.....

step away from the puter, you are now suffering from dinaritis, a rare but sometimes annoying lil bug that can cause a normally upbeat and happy investor to feel down and doubtfull..... LOL (((paulie))))

Originally Posted by PaulieThaGreat

I dont believe they will go 1:1 or anywhere close for a longtime. Once they go 1000/1 it might make things a little easier so they can fix security issues. THEN MAYBE, "MAYBE" a 1:1 or close? Just my opinion, what do you guys think?

I think they are a middle eastern country with the most oil in the region and the lowest currency, An imbalance im sure they will correct.

I think they are going to be one of the most aggresive emerging markets for some time in years to come (As commented by oil companies that they arn't overly worried about security its the laws they want)

I think they are a people with a long and before Sadam proud history, one of the fiirst civilizations in the world, and as a proud people will rejoin the world financial community (As is happening with WTO, An open market policy etc)

I think as they move from 10% of the country being explored for oil into developing the entire country towards this goal they will become more and more wealthy (Thus taking away peoples willingness to kill themselves and eachother all the while building turst amongst the various sects expanding peace and security which in turn makes more of the world want to invest.

I think as the world worries more and more on oil supplies that are shrinking all of Iraq's oil will become more and more important driving up demand for it in turn making their currency and markets more in demand

In my opinion I think your wrong

Originally Posted by rvalreadydang

step away from the puter, you are now suffering from dinaritis, a rare but sometimes annoying lil bug that can cause a normally upbeat and happy investor to feel down and doubtfull..... LOL (((paulie))))

What do the doctors usually prescribe for this condition? I want to get well soon so I can enjoy the wealth with everyone?

Originally Posted by PaulieThaGreat

I dont believe they will go 1:1 or anywhere close for a longtime. Once they go 1000/1 it might make things a little easier so they can fix security issues. THEN MAYBE, "MAYBE" a 1:1 or close? Just my opinion, what do you guys think?

I think 1000:1 does not help them. I think they have to do as they've stated, bring their currency in line with their neighbors. Since Jordan is their largest trading partner and many Iraqi's live there I think $1.48 is the benchmark. I also think they have to do this to reduce the cost of imports and eliminate the gas subsidies to eliminate the smuggling ($700,000,000.00 lost per month) and at the same time give the citizens a currency that enables them to buy fuel at market prices. These are just a couple of reasons I think slow grow and 1000:1 are ridiculous.

Not a matter of IF, just WHEN. Everything points to an imminent reval. It could well be now we're waiting for the hydrocarbon law which will be implemented same time as the FIL. The reval will be announced before OR at the same time. They have no option or a way forward without a currency with a similar rate to their neighbours/competitors, or they'd be selling themselves short, right?

paulie, take a few days away. I did, albeit it in a hospital bed, lol, but still good to take a break sometimes. None of can control this baby unfortunately, if we could we'd have been millionaires 18 months ago!

Come back, check in every few days, you're bound to hear THE WOOTSTER WOOOOOOOOOOOOOTING from Alaska when it happens!

Remember, you have 'stocks' in the richest commodity in the world, don't forget that.

Originally Posted by PaulieThaGreat

What do the doctors usually prescribe for this condition? I want to get well soon so I can enjoy the wealth with everyone?

I always feel better by buying a little bit more