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

Originally Posted by jedi17

love that flag adster

Cheers buddy, it'll change again in 3 hours 15 minutes! LOL.

Originally Posted by Adster

Cheers buddy, it'll change again in 3 hours 15 minutes! LOL.

Just a tip Adster, change the flag to the swedish flag! (So i can guess right for once) and i will split the dinar pot with you!

Interesting reading back all the posts regarding the US holding dinars. Am sure this is true, I'd heard they have a stash of 50 billion dinars in the US Treasury. A rumour mind you but I'm sure they do have a stash of dinars. Of course this will be used in exchange for oil when the time comes.

What is a bit disturbing was watching the news last night on Channel 4 here in England and seeing reports of the 50 people killed in Baghdad, the biggest amount if casualties in November to date, the report from Washington implying the violence is out of control and of course the US pullout next spring. IF I didn't know better from all the positive news coming out from here and other forums I as a neutral would defo come to the conclusion Iraq is up the crapper bigtime.

Bad news sells right?, always has and I will never believe the US and rest of the debt forgiving countries will desert Iraq until it's more stabilised and their economy has been kickstarted. The world has an active interest in the success of Iraq, they need to have with the amount of oil involved and the necessity there always will be for it.

Originally Posted by Raditz

Just a tip Adster, change the flag to the swedish flag! (So i can guess right for once) and i will split the dinar pot with you!

Insider trading John?, couldn't be doing that, lol.

Last day today team, 5k up for grabs on other thread, last chance.

Hello all, We need to look at this in a new light. If the NID rate as of 12/05/06 is sell price of 1429 to the dollar then if it just keeps dropping 4 points a day it will be at 1 to 1 in 357.25 days!! that is less then a year for all of us to be setting very well off. Now that is not that long of a wait. ( I think it will not take that long ) but if it does

Originally Posted by Trapper t

Hello all, We need to look at this in a new light. If the NID rate as of 12/05/06 is sell price of 1429 to the dollar then if it just keeps dropping 4 points a day it will be at 1 to 1 in 357.25 days!! that is less then a year for all of us to be setting very well off. Now that is not that long of a wait. ( I think it will not take that long ) but if it does

Not going to happen.

Originally Posted by coolhand009

I am in for the long hull. I was going to sit on my stack for 5 years. So I have four more to go!!! WOOOT

I am with ya on that one coolhand0009, my son will be a senior in high school next year, then collage so one year and a half for me lol
Great luck to all
Trapper

Originally Posted by Trapper t

Hello all, We need to look at this in a new light. If the NID rate as of 12/05/06 is sell price of 1429 to the dollar then if it just keeps dropping 4 points a day it will be at 1 to 1 in 357.25 days!! that is less then a year for all of us to be setting very well off. Now that is not that long of a wait. ( I think it will not take that long ) but if it does

They don't have auctions 365 days a year.

I would love for it to happen soon. I agree with Adster. If they wait they
will destroy all there chances to become a country. If it goes on another year
and the 100 people die a day that is 36,500 people that cant be arrested
now and with a revel of .71 It should be enough to turn this terror into
a territory

Originally Posted by frathousemicrowave

They don't have auctions 365 days a year.

Correct. Plus, going from 1430:1 to 1425:1 (for example) is a around a 1% move while going from 30:1 to 25:1 is a 20% move. That kind of action doesn't happen in freely traded forex markets.

Everyone (CBI, GoI, international community) wants a stablely priced dinar.

Anything from a 1 - 2% per day would be considered normal trading activity. However, consistantly going up 2% everyday is abnormal...