Thread: Go crazy in here!!!

Okay folks...you will never guess what I received in my email today! Can't guess ? Well, I received a money Angel . The message said that if I sent it to six friends, that I would receive a lot of money with in four...yes FOUR days . I can tell you that little message got forwarded on so fast my internet almost crashed! I figured if the horoscopes and the fortune cookies meant something, then so does my money angel . Yes, yes, yes...come one R/V and make my little angel true to her word!

HEY..HOW COME THERE ARE NO ANGEL ICONS ON OUR SMILEYS???

Originally Posted by ourhouse37

ps, anyone else catch his "nucular" and "peninshoola" routine this morning? God help us.

I thought you liberals were "Godless". At least according to Ann Coulter. As other as posted, this is a news thread. You need to espouse your political preferences and jabs elsewhere.

Originally Posted by karinc

I am not saying that the exchange rate doesn't matter! Of course it does, especially when it comes to importing stuff. I just don't understand the part about BUYING their country (i.e. Iraq) for pennies, since the Iraqis can set the prices (of land, factories etc) at what they want.
It may not be practical - as you said in your other post that would be a LOT of 25K notes - but I fail to see how it would be IMpossible...

I guess I am just dense! And I hope - REALLY HOPE - that we will have a reval real soon! Like before I lose my house...

hey karin,

i didn't see where anyone really answered your question, so i will give it a try.

i think where the misunderstanding is coming from is that you are focusing on "real property" or physical structures. those things are just like a house in whatever country or city you live in and would more than likely change as the value of the dinar changed, but there selling prices are set by the market they are in.

try and get away from that for a minute and think about it in stock market terms. no matter what exchange they are traded on, if it is a public company, anyone that has the funds can buy whatever number of shares they desire that are available. since this is all about the dinar, take an example of XYZ beer inc that is trading on the ISX. if the current share price of XYZ is 6IQD per share and there are 1 million shares available, then factor in that the current exchange rate is 1472 dinar per USD, then i could buy 245 shares of XYZ for 1USD, carried out further i could buy 1 million shares of XYZ beer for a little more than 4000.00 US.

right now i think there are less that 100 companies traded on the ISX, and i don't think very many trade as high as 6IQD/share. so just imagine that i am worth $20million, and i keep up with whats going on in world investments and finance and i decide i want to diversify myself into emerging markets (which US investment firms are already doing) and i get some info on the ISX, and decide to put %5 of my net worth into the market in Iraq. for that $1milion i could own 1 million shares of the ALL of the companies on the ISX at the price of 6 IQD/share (if they all traded that high). if the share price is lower or there are fewer traded companies, i could own ALOT more than that for that same $1million. now think of that same example, but on the scale of Gates, or Trumph, or General Motors or Barclays, etc and you can see how fast someone could own large percentages of MANY companies at the current exchange rate.

now look at the same example, but if 6IQD was equal to 6USD, then it completely changes the landscape, instead of me being able to buy 245 shares in XYZ for $1.00, it would cost me $6.00 just to get one share.

i hope this helps, i know you were struggling with the "how" someone could buy up Iraq, and this is the best i could explain it. also at the current exchange rate, it would probably be cheaper to buy the company that owns the plant, than to buy the plant itself.

i was going to pm this to you, but it is turned off again.

Originally Posted by risktaker

hey karin,

i didn't see where anyone really answered your question, so i will give it a try.

i think where the misunderstanding is coming from is that you are focusing on "real property" or physical structures. those things are just like a house in whatever country or city you live in and would more than likely change as the value of the dinar changed, but there selling prices are set by the market they are in.

try and get away from that for a minute and think about it in stock market terms. no matter what exchange they are traded on, if it is a public company, anyone that has the funds can buy whatever number of shares they desire that are available. since this is all about the dinar, take an example of XYZ beer inc that is trading on the ISX. if the current share price of XYZ is 6IQD per share and there are 1 million shares available, then factor in that the current exchange rate is 1472 dinar per USD, then i could buy 245 shares of XYZ for 1USD, carried out further i could buy 1 million shares of XYZ beer for a little more than 4000.00 US.

right now i think there are less that 100 companies traded on the ISX, and i don't think very many trade as high as 6IQD/share. so just imagine that i am worth $20million, and i keep up with whats going on in world investments and finance and i decide i want to diversify myself into emerging markets (which US investment firms are already doing) and i get some info on the ISX, and decide to put %5 of my net worth into the market in Iraq. for that $1milion i could own 1 million shares of the ALL of the companies on the ISX at the price of 6 IQD/share (if they all traded that high). if the share price is lower or there are fewer traded companies, i could own ALOT more than that for that same $1million. now think of that same example, but on the scale of Gates, or Trumph, or General Motors or Barclays, etc and you can see how fast someone could own large percentages of MANY companies at the current exchange rate.

now look at the same example, but if 6IQD was equal to 6USD, then it completely changes the landscape, instead of me being able to buy 245 shares in XYZ for $1.00, it would cost me $6.00 just to get one share.

i hope this helps, i know you were struggling with the "how" someone could buy up Iraq, and this is the best i could explain it. also at the current exchange rate, it would probably be cheaper to buy the company that owns the plant, than to buy the plant itself.

i was going to pm this to you, but it is turned off again.

That is one of the easiest explanations of something I have ever heard. I am ignorant when it comes to that stuff, but I understood that completely. If those example translate similar to real life in the ISX, wouldn't that squash peoples theory of the FIL having "clauses" to prevent this. I mean what is the point of saying "hey world, invest in our country!....BUT you can only buy 10 shares of stock." That wouldn't even be worth it.


Thank you for a great explanation

Originally Posted by dinarminar

I thought you liberals were "Godless". At least according to Ann Coulter. As other as posted, this is a news thread. You need to espouse your political preferences and jabs elsewhere.

i could have lasted the rest of the year without an rv sooner than i could have had to look at that name.

I don’t know what people in surrounding countries get paid but I would think when the FIL is put into play they would want to revalue & adjust the pay of the Iraqi people to some where around what others get so that the Iraqis can invest also. With what they make now they wouldn’t be able to. They would be bought up for pennies because most Iraqis wouldn’t be able to afford it. I think this also goes with the articles from back in the day about bringing the currency up to par with surrounding countries.

Hello..

Sorry I am a lurker.. and a recent dissatisfied person from the IIF(after the SGS slaughter game... it was very rude what they did)... Baker was on the radio in DC today... and was talking about the division...
APPARENTLY...
He is a part of a group of ten, 5 republicans / 5 democrats called the offcial iraq Study Group... that is reporting to congress, et al. Funny... the group report is 100% complete, with a "suggestion" about a single nation with sovereign territories as a good thing... but the actual report will not be released until .. you guessed it... after the November elections... sheeesh...

Former Secretary Baker on WTOP news in washington DC, I think they have transcripts available on thier website...

Please Reval.... I need the vacation... and start my career as a professional philanthropist...


Linus

Originally Posted by Linus/intense

Hello..

Sorry I am a lurker.. and a recent dissatisfied person from the IIF(after the SGS slaughter game... it was very rude what they did)... Linus

linus, the satisfaction comes in having the last laugh!!

Originally Posted by risktaker

i think where the misunderstanding is coming from is that you are focusing on "real property" or physical structures. those things are just like a house in whatever country or city you live in and would more than likely change as the value of the dinar changed, but there selling prices are set by the market they are in.

try and get away from that for a minute and think about it in stock market terms. no matter what exchange they are traded on, if it is a public company, anyone that has the funds can buy whatever number of shares they desire that are available. since this is all about the dinar, take an example of XYZ beer inc that is trading on the ISX. if the current share price of XYZ is 6IQD per share and there are 1 million shares available, then factor in that the current exchange rate is 1472 dinar per USD, then i could buy 245 shares of XYZ for 1USD, carried out further i could buy 1 million shares of XYZ beer for a little more than 4000.00 US...

Excellent post risktaker! That’s the best explanation I've ever read of why they need a reval with or before the fil.

Boo

ps. I’m a Republican and a conservative and I’ve been kind and held my tongue with the bs Bush bashing and Ann Colter slamming hoping it would stop. But it's not and I’m getting tired of it… Please take your negative, snide, bs, political remarks to the negative thread before you start a civil war here in the NEWS THREAD!

Originally Posted by boogirl

ps. I’m a Republican and a conservative and I’ve been kind and held my tongue with the bs Bush bashing and Ann Colter slamming hoping it would stop. But it's not and I’m getting tired of it… Please take your negative, snide, bs, political remarks to the negative thread before you start a civil war here in the NEWS THREAD!

im assuming you are talkin to me coz i came to read news and had to see that ? well excuse me. i havent 'bashed' anyone but it could be arranged if thats the concensus. i woke up to this bloody crap in the news thread and noticed you had a post or two thrown in there that wasnt discussing news also.