Thread: Go crazy in here!!!

Originally Posted by jsfletcher

I want in on that, how would go about investing in coke in Iraq?

There are two Softdrink companies on the ISX (BPEP and NSFT). Baghdad Soft Drinks (BPEP) makes Pepsi. Does anyone know if Northern Soft Drinks (NSFT) will be making the Coca Cola? If so, we need to jump on the NSFT bandwagon. I'm on the BPEP wagon already.

Originally Posted by Vipor

There are two Softdrink companies on the ISX (BPEP and NSFT). Baghdad Soft Drinks (BPEP) makes Pepsi. Does anyone know if Northern Soft Drinks (NSFT) will be making the Coca Cola? If so, we need to jump on the NSFT bandwagon. I'm on the BPEP wagon already.

sent you a pm

Hey RR, any, "words from your kurds?"

I am still going to buy some dinar but I was reading over at the link provided above to the iraqi exchange news site and posted was the following:

The Re-Pegging Myth
If the CBI were to decide tomorrow to 're-peg' the dinar to some arbitrary value (i.e. intervene to maintain the auction prices at a higher exchange rate value), of, say, 1 dinar = 1 USD, they would be insolvent within a month. Not to mention the obvious problems that these imaginary re-pegged exchange rates would create. Imagine the average Iraq citizen instantly becoming a USD millionaire, and then using these riches to flee the country and live like royalty elsewhere in the region. Or the range of weapons that the insurgents could then acquire with their billions of dinar/USD. Or the fact that individual currency speculators holding in some cases billions of dinar, now magically worth billions of USD, would have a net worth almost equal to Iraq's entire GDP (estimated to be ~94 billion for 2005). Ridiculous.

Maybe it has been posted before but curious about ppl's comments.

thanks

cmack

With 50 % or more unemployment and possibly 70 % inflation, I dont know how many Iraqis have "savings" . . .living is priority 1

Originally Posted by cmack

I am still going to buy some dinar but I was reading over at the link provided above to the iraqi exchange news site and posted was the following:

The Re-Pegging Myth
If the CBI were to decide tomorrow to 're-peg' the dinar to some arbitrary value (i.e. intervene to maintain the auction prices at a higher exchange rate value), of, say, 1 dinar = 1 USD, they would be insolvent within a month. Not to mention the obvious problems that these imaginary re-pegged exchange rates would create. Imagine the average Iraq citizen instantly becoming a USD millionaire, and then using these riches to flee the country and live like royalty elsewhere in the region. Or the range of weapons that the insurgents could then acquire with their billions of dinar/USD. Or the fact that individual currency speculators holding in some cases billions of dinar, now magically worth billions of USD, would have a net worth almost equal to Iraq's entire GDP (estimated to be ~94 billion for 2005). Ridiculous.

Maybe it has been posted before but curious about ppl's comments.

thanks

cmack

Yes this has been brought up before Ultimatley it is up to you to do exactly what you are doing...research!!! there are a ton of people trying to say this is not a good investment, on the flip side, there are actual documents and news reports that all point to one thing.. A revalue. There are other people who are far more qualified than I to answer this, but look at it this way... you walk into Chase bank and purchase 1 million dinar for about 760 something I don't the exact price. If you turn around and sell it back to them you will loose about 140 bucks. Now...is it worth the risk for you to loose 140 bucks for the potential return of 1 million. Keep doing your research and do what you feel is right, read alot and don't be affraid to ask questions

jsfletcher. You have moved up in my world. Great response. This is it guys. If you are in the US, this is your option now. The risk is up to you as you have RC with reports and members with some what inside. The Longer you are here the more you now what to believe and what not to believe. RC will do it's best to keep a choice that way with the members opinions and statements. This will not be a place like I have heard of others where it is a battle ground. You will have open floor here with open people. I for one am for each of us to make it in this life. Hopfully the easyway. I personally believe we are in the right arena with the dinars. Sure I get laughs from some in the outside world. But look at SGS. Be strong and believe in what you believe in. Research and study. My daddy always said, "Two can get the Job done better than one."

Anyone know where there is a chase bank near Los Angeles, California? I've tried their location finder on their website but they say their is nothing within 30 miles around here. Wonder where to look next? Anyone???

Thanks

Originally Posted by cmack

I am still going to buy some dinar but I was reading over at the link provided above to the iraqi exchange news site and posted was the following:

The Re-Pegging Myth
If the CBI were to decide tomorrow to 're-peg' the dinar to some arbitrary value (i.e. intervene to maintain the auction prices at a higher exchange rate value), of, say, 1 dinar = 1 USD, they would be insolvent within a month. Not to mention the obvious problems that these imaginary re-pegged exchange rates would create. Imagine the average Iraq citizen instantly becoming a USD millionaire, and then using these riches to flee the country and live like royalty elsewhere in the region. Or the range of weapons that the insurgents could then acquire with their billions of dinar/USD. Or the fact that individual currency speculators holding in some cases billions of dinar, now magically worth billions of USD, would have a net worth almost equal to Iraq's entire GDP (estimated to be ~94 billion for 2005). Ridiculous.

Maybe it has been posted before but curious about ppl's comments.

thanks

cmack

Hey cmack,

Gonna give this a try and if I'm off the others will set it straight.

More than likely the only Iraqis to become wealthy from the reval will be the ones who were wealthy before the drastic increase of the dinar. Your average Iraqi does not have the dinar hoarded up for this event. They cannot afford it. Does your average American have dollars hoarded up or saved? No. Most live hand to mouth, paycheck to paycheck. The Iraqis are worse off than we are.

Remember that the pre-saddam screw-up rate was well over $3. So for the value to return to it's previous state will only bring the country to where it needs to be and all citizens will be better off. Right now the poverty level is staggering. I would like to think that there are alot of Iraqi people able and informed enough to forsee and take full advantage of the soon to be reval, but my hunch is no. Hope I am wrong.

I'm sure those who do prepare and take full advantage and become significantly better off financially will make the most of their lives there. Would you leave your home? I would not.

Hope this helps and that I was not too off the mark.

Monica

Originally Posted by Par77

Anyone know where there is a chase bank near Los Angeles, California? I've tried their location finder on their website but they say their is nothing within 30 miles around here. Wonder where to look next? Anyone???

Thanks

Hey Par77,

I just traveled over 200 miles round trip yesterday to get to a Chase Bank. I would be most grateful if there was one only 30 miles away.

Monica