Thread: Go crazy in here!!!

Originally Posted by member99

I have a PhD in Economics thank you very much, and no I don't have any resources in the Iraqi Governement but in my mispent youth I worked at the Cincinnati Branch of the Federal Reserve Bank of Cleveland, so I do have a little background in currency exchange.
It can't happen because there is no present prospect for the economic output to justify it's present level, much less a revaluation. People look at OIL and think everyone in the middle east is rich, but it ain't so. On the grand scale of things, these are not rich countries and even though their outputs per capita are high, in general their governments waste a huge percentage of it on corrupt or just badly run economies.
Yes, US and UK investors put moneyu overseas, not the same thing, though. These are both huge economies, and very stable, which makes takes a lot of risk out of inveting here, but also takes the risk premium out, ie: how risky is it to buy PG? (not very, they've paid a dividend every quarter for nearly 100 years, and increeased it every quarter for about 10). Almost all foreign investments by people in the US and Europe are small parts of the overall portfolio and in reality operate pretty much as hedge positions against short term dips in domestic markets.
People also try to compare this to the Kuwaiti Dinar, also a bad comparison. Kuwait's currency was suspended and in market terms almost worthless WHEN THAT COUNTRY WAS OCCUPIED BY A HOSTILE FORIEGN POWER, but both before and after that conflict, Kuwait had an operating and moree or less stable basis. Oil is less than 1/2 of the export of Kuwait before the war, is less than 45% now, but oil is Iraq's only export of note and their capacity, while underutilized, isn't going anywhere until the government finds a way to keep the insurgents from blowing up pipelines and well heads.
Face it, the reason the Dinar is not floated, or allowed to freely trade, is because it would collapse in the market, not because they don't want it to go up.

Hey member99,

If your opinion is correct then even the Iraqi government itself is living a fantasy. They have stated that their goal is to have the dinar back to around $3 by 2010 and they have also made other statements supporting this. No, I don't have those links on hand because these were posted weeks ago. Maybe some of the other Dinar Genuises will supply these, but frankly I don't have time to try and educate you. I have a feeling that it would not matter anyway.

Don't be offended, but I choose to side with the Iraqis' predictions about THEIR OWN CURRENCY.

Monica

Originally Posted by Elfwizard

For most people its just a fun Gamble anyway. Its like trying to talk people out of going to Vegas to have a good time. Not gonna happen. ITS FUN, its like a slot machine that keeps spinning, waiting for it to land on those Bars!! Woo Hoo!!!!

Yeah I see that, and honestly I'm almost tempted to buy a few thousand dollars worth myself, for long term investment, but what scares me is the posts I see of people driving 200 miles to get a batch, scraping up money to buy another million etc... these are people making irresponsible decisions.
I would say as a long term investment, this is about a 50/50 shot to double in 3-5 years, but going from 1500/1 to 1/1 in one day is so far beyond realistic it's just not funny. Only around people who believe in HYIPs and such could you find people thinking this way. You have a better chance of PIPS making you rich by the end of the year than the Dinar going up 10%.

Originally Posted by lndmn_01

Has anyone tried going here US Dollar Index - Real-Time Currency Trading Charts from FXTRek for Forex Trading ?
When you change the symbol to EUR/IQD you get a normal chart, but try USD/IQD and let me know what you get.

Originally Posted by lndmn_01

When it's EUR/IQD you get the current rate of about 1875 when I try USD/IQD I show a straight 1 from the beginning of the chart.

Ok I just tried it but instead of USD/IQD I used IQD/USD and it came up 1469.

Originally Posted by worlds best dad

Hi I've been reading what you guys post for the last few weeks without commenting. But I'm lost right now, after the big let down yesterday and this morning I don't understand why everyone is so happy. (Not saying that you can't or shoudln't be) Does anyone care to give me a Recap?

the rumors come and the rumors go and we remain.
we have ben here a long time and dont give the rumers mush moor than a ,i hope , and have some fun along the way. no need to get upset it will happen one day

They didn't say they wanted it at $3.00, they said they wanted it back at it's last freely traded value, which was about 33 cents (in late 2002), and I even think that's a optimistic statement.

I don't need your education, thank you, the Jesuits and some liberal Englishmen have already taken care of that. :)

But okay, lets say tehy want it to go to $3 by 2010, what of that statement of a goal for 4 years from now do you have to twist to make it go up 1500% in one day?

Originally Posted by member99

Yeah I see that, and honestly I'm almost tempted to buy a few thousand dollars worth myself, for long term investment, but what scares me is the posts I see of people driving 200 miles to get a batch, scraping up money to buy another million etc... these are people making irresponsible decisions.
I would say as a long term investment, this is about a 50/50 shot to double in 3-5 years, but going from 1500/1 to 1/1 in one day is so far beyond realistic it's just not funny. Only around people who believe in HYIPs and such could you find people thinking this way. You have a better chance of PIPS making you rich by the end of the year than the Dinar going up 10%.

Why do you care what a person does that you don't know? Doesn't make sense. Live your life, stop worrying about what people do that has no bearing on your life.

Originally Posted by member99

I have a PhD in Economics thank you very much, and no I don't have any resources in the Iraqi Governement but in my mispent youth I worked at the Cincinnati Branch of the Federal Reserve Bank of Cleveland, so I do have a little background in currency exchange.
It can't happen because there is no present prospect for the economic output to justify it's present level, much less a revaluation. People look at OIL and think everyone in the middle east is rich, but it ain't so. On the grand scale of things, these are not rich countries and even though their outputs per capita are high, in general their governments waste a huge percentage of it on corrupt or just badly run economies.
Yes, US and UK investors put moneyu overseas, not the same thing, though. These are both huge economies, and very stable, which makes takes a lot of risk out of inveting here, but also takes the risk premium out, ie: how risky is it to buy PG? (not very, they've paid a dividend every quarter for nearly 100 years, and increeased it every quarter for about 10). Almost all foreign investments by people in the US and Europe are small parts of the overall portfolio and in reality operate pretty much as hedge positions against short term dips in domestic markets.
People also try to compare this to the Kuwaiti Dinar, also a bad comparison. Kuwait's currency was suspended and in market terms almost worthless WHEN THAT COUNTRY WAS OCCUPIED BY A HOSTILE FORIEGN POWER, but both before and after that conflict, Kuwait had an operating and moree or less stable basis. Oil is less than 1/2 of the export of Kuwait before the war, is less than 45% now, but oil is Iraq's only export of note and their capacity, while underutilized, isn't going anywhere until the government finds a way to keep the insurgents from blowing up pipelines and well heads.
Face it, the reason the Dinar is not floated, or allowed to freely trade, is because it would collapse in the market, not because they don't want it to go up.

we wecome all opinions here and yours are welcome here to. we need all points of views here please con. but if it is just your opinion put it in the naysayer trend this is for news.and fill free to look through this trend and educate your self on the dinar and then voice your opinions

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Just got a call from a wife of someone working in Iraq. She said that the service men are really exited about something that is near by with the dinar. He has been there for over 2 years and this is the first time he has seen that. No particulars-except, he said that their worries would be over soon. She passed it on to me because of my forwarding your valuable informatin to her.

Personally, can see a revaluation until the currency is able to be traded on international markets. However, do remember, Secretary of UN stating that "the pessimists are going to be surprised in about a week'. We've all been curious about that statement.

Just thought I would pass this along. Am not holding my breath, but it would be nice.

This is off IIF Post#39 USA Today Aticle Thread -Title: Stars & stripes service men Reaction posted by mclay549 at 1:08 PM today IN IRAQI DINAR Forum

No one over there has noticed it or responded to it yet because he posted on an old thread

Originally Posted by member99

They didn't say they wanted it at $3.00, they said they wanted it back at it's last freely traded value, which was about 33 cents (in late 2002), and I even think that's a optimistic statement.

I don't need your education, thank you, the Jesuits and some liberal Englishmen have already taken care of that. :)

i wood be happy at .10 do the math