Thread: Go crazy in here!!!

Originally Posted by dinarminar

If GW didn't take Hussein out and take on Al Qaeda in Iraq, none of us would be on this forum awaiting a possible financial windfall. Don't bite the hand that feeds you as the old cliche goes.

By the way, you're from TX, right? Can you tie your shoes?

OK, remember this is the NEWS section.... Please take off your gloves and get back to why we are all reading this thread.... News that will make us all RICH....And SOON!!

AMEN Hardwood

here's another good song to sing.[ Use frank Sinatra's Strangers In The Night] Strangers on my flight,
turbans they're packin'.
Wonderin' if they might,
plan a hijacking.
They could pull a stunt,
before this flight is through.

Something's on their minds.
I saw them mutter.
What that in their hands?
Looks like box cutters,
I'm gonna kick some a-s,
if they make a move.

Strangers on my flight.
Two smelly people,
and they're not talking right;
and in a moment,
I will grab base ball bat;
and that will be that.
Swing like Joe DiMaggio,
and rip them both a new a-hole.

And if they pick a fight,
and try to screw us,
I'll punch out their lights,
just like Joe Louis.
It would feel so right,
for strangers on my flight.

Ratta Tat Tat Tat,
Budda Bing Bang Boom,
Zooma Zooma Zoom.

Send those b-tt-wipes to the moon....

Originally Posted by dinarminar

If GW didn't take Hussein out and take on Al Qaeda in Iraq, none of us would be on this forum awaiting a possible financial windfall. Don't bite the hand that feeds you as the old cliche goes.

By the way, you're from TX, right? Can you tie your shoes?

You should know we all wear boots and ride horses down here ya'll!!

Originally Posted by dinarminar

If GW didn't take Hussein out and take on Al Qaeda in Iraq, none of us would be on this forum awaiting a possible financial windfall. Don't bite the hand that feeds you as the old cliche goes.

By the way, you're from TX, right? Can you tie your shoes?

GOT TO AGREE WITH YOU ON THIS, GW KNEW EXACTLY WHAT HE WAS DOING EVEN BEFORE WE WENT IN TO THIS WAR HE KNEW THERE WOULD BE A LOT OF GOOD THINGS THAT WOULD HAPPEN FOR THE IRAQI PEOPLE AND US. THE DINAR IS JUST PART OF IT!! THANK YOU MR. PRESIDENT AND OUR SOLDIERS THAT BELEIVED THAT THEY COULD AND HAVE MADE A DIFFERENCE!!! NOW LET'S GET BACK TO OUR REVAL AND ENJOY!
LISA
SORRY NENO!

I believe in a reval very soon, but have a difficult time believing that it will be as high as many think. This is not because I wouldn't love a high return, but it seems to me that when you are trying to get someone to invest in your country and employee your citizens, a high exchange rate would be detrimental. Yet, they don't want to give the country away, either. I'm looking for the mid 70's to start, but I will hold onto the bulk of my exchange until it reaches a higher mark. This is just my own opinion.

Originally Posted by texaslonghorns

You should know we all wear boots and ride horses down here ya'll!!

Nawwwww! Neno wears sneakers! He told me so! (....but not when he's 'bubbling'! lol!)

So.... has anyone put any thought into what effects the expected increase in gains that the dollar is heading towards will have on the hopefully soon-to-be revalued dinar?

NEW YORK (Reuters) - The dollar may be set for further gains this year, after an upward revision to U.S. jobs data on Friday rattled the conviction of some that thought the Federal Reserve's next move will be an interest rate cut.

Frustrating dollar bears yet again, the greenback surged on Friday even after data showing that the U.S. economy created just 51,000 jobs in September, the lowest in 11 months. Some traders expect the rally to continue next week, sending the dollar toward some key psychological levels such as 120 yen.

The reason? The Labor Department also sharply revised up its estimate of jobs growth in August and July, and said that revisions to past data were set to show that jobs growth in the year to March was a lot brisker than previously thought.

"You're starting to see some tightness in the labor market that will keep upward pressure on wages, and as a result we're seeing a clear breakout in the dollar," said Paresh Upadhyaya, currency portfolio manager at Putnam Investments in Boston.

Chaveriat said the dollar could even be gearing up for a charge toward 121.40 yen, a level not seen since December 2005. It posted its biggest daily gain in at least three months on Friday, and climbed above 118.60/65 yen, a key resistance level that comes from a trendline stretching back all the way to August 1998.

The euro tumbled to $1.2572, its lowest in 10 weeks and breaking out of a well-worn range of $1.26 to $1.29. A convincing break below $1.2650 would pave the way for a dip toward $1.2450, analysts at Brown Brother Harriman said in a note to clients.

Citigroup strategists said on Friday they were sticking to their forecast for an assault on $1.30 by the euro, but they also expect the euro's rally to peter out after that and for the dollar to rally.

Investors are likely to jump on the back of Friday's rally and try to push the dollar toward the 120-yen level next week, said Robert Fullem, manager of corporate FX sales at Bank of Tokyo-Mitsubishi UFJ in New York.

http://today.reuters.com/news/articl...ent_n_analysis

Originally Posted by MC Dig

Your math is %100 correct. However a zero lop is not even a remote possibility, the reasons have been expounded on so many time in these posts that I won't repeat them.

They can rv the Dinar to what ever they want, imo it is just as easy for them to say, ok now Dinars are worth $1.50, as it is to say $.68. They are going to set the rate to whatever level they see fit. My own prediction somewhere around $1.00, I wouldn't be surprised to see $1.50. Setting the level based on a decimal move on the old rate is not necessary, they can do whatever they want.

I agree 100% here. They'll set their rate at whatever they feel their currency should be worth, based on their natural resources (oil, natural gas, etc.), and various other factors... They don't *have* to simply move the decimal point over three spaces. Sure, that might make life a little easier in calculating new costs and salaries and such... But I'm inclined to believe that they'll revalue moreso based on what they feel their currency is worth, and not necessarily what's more easy to handle when dealing with all the changes in prices, salaries, etc. The fact that they have so little debt now, makes me think (as others have stated) we're in for a higher reval than one might have originally thought.

All right Moto....You are OBVIOUSLY a big TEASE......I saw in the shout box when you posted "RV by the end of 10/06"...come on now! DISH! lol! Starting to feel a big squirrelly.....Yes, that looks FANTASTIC and from the news coming out, REALLY LIKELY!...but I just get such a RUSH when something like that is posted and then a reason is right behind.

Like when Mike (OSW) posted about "...next week. Did I say that? lol!" ummmm yah, ya did, and I REALLYREALLYREALLY liked the feeling I got when I read it!

( I'm not the only 'needy' member in here either! Right Choochie? lol!)