Thread: My Turn With My Source. {Friend}

Originally Posted by flockstar

So far my friend is right! there no worth much more than when the rumors of big reval began years ago

I dont know what they are saying in Australia but here in the U.S. the matter is over by the end of August 2007. If things dont change by then there is going to be masses in the streets spitting at soldiers and pressuring our spineless politicians to bug out, and they will. At that point there will never be a RV unless some other western countries step up to take our place. Can you think of any? Months, maybe. Years, no way. The American left would rather see a mushroom cloud over one of our major cities than to allow the Bush administration succeed at anything. After all, to the left, America is worse than Hitler, Stalin and Satan combined. Why on earth do so many people try to enter the U.S. if this is true?

Originally Posted by Spoiledred

Thanks for the clarification. I am wishing for one morning to wake up and see a post of 1 to 1 or better. Then I would be calling in a substitute teacher for I would be sick with joy and headed to the bank. Everyone says it will be soon. I do have faith.

We are in it to win and standing to the end.

Originally Posted by Kevmo

I dont know what they are saying in Australia but here in the U.S. the matter is over by the end of August 2007. If things dont change by then there is going to be masses in the streets spitting at soldiers and pressuring our spineless politicians to bug out, and they will. At that point there will never be a RV unless some other western countries step up to take our place. Can you think of any? Months, maybe. Years, no way. The American left would rather see a mushroom cloud over one of our major cities than to allow the Bush administration succeed at anything. After all, to the left, America is worse than Hitler, Stalin and Satan combined. Why on earth do so many people try to enter the U.S. if this is true?

no use arguing with him... just read his profile:

Date of Birth:
July 22
Location:
Australia
Occupation:
To tell the truth about Dinar
Home Country:
Scotland


For some reason, flopstar here is privy to the truth... unlike the rest of us...

Originally Posted by Countrygirl70

We are in it to win and standing to the end.

You got it right girl.

Originally Posted by Spoiledred

You got it right girl.

Thanks. And I believe we all got it right even the naysayers.
( Actually all that talk is to release anxiety and stress. Knowing its gonna happen but not knowing when,,,ya know what I mean.)

Love my Dinar Family.

Published: 27/03/2007 12:00 AM (UAE)

By Gaurav Ghose, Staff Reporter

Gulfnews: UAE 'closer to revaluation'

Dubai: The chances of the UAE revaluing the dirham this year may have risen.

Standard Chartered Bank has raised its estimation of the probability of such an event to 40 per cent. It had previously suggested that the chances were low, perhaps in the region of 20 per cent.

Any revaluation would be relatively small in size, between three to five per cent, according to a research note issued by the bank yesterday.

With the GCC central bank governors scheduled to meet next week in Medina, Saudi Arabia, there is speculation of changes to currency regimes.

Standard Chartered Bank says that although the central scenario is that the UAE will leave the peg in place at its current level, "it is clear that the central bank is re-examining its foreign exchange policy and ... the risks of a move are rising with time."

The revised estimation follows comments emerging from credible sources, said Steve Brice, regional head of research. "This was not being discussed 12 months ago, and now it is being discussed in various ways. The Central Bank Governor has indicated that it is going to be looked at."

The note suggests three reasons why it is unlikely for the region to opt for a managed currency float, which would enable control over interest rates.

First, it would be a complex system to manage. "There's a lot of work to be done on ascertaining the fair value of currencies of the region," Brice says.

Second, "the central bank does not have at its disposal tools to manage liquidity in the financial system, an absolute necessity if they are going to manage interest rates effectively."

Third, it may be that the authorities are concerned about imported inflation rather than the low interest rates which Standard Chartered believes are the main culprit behind inflationary pressures. Any revaluation would probably be small because of the need not to impede diversification efforts, the bank explains. It would take account of the export competitiveness of non-oil activity.

They would have to manage that balancing act very carefully, Brice suggests. "Assuming that this solution is pursued, what you don't want to see is 10 to 15 per cent appreciation of the currency. Three to five per cent is it going to have massive impact on reducing inflation? No. Is it going to have a massive impact on the economy? No. You could argue that this is a step in the right direction to balance the two things. And of course if they find that it's not enough, they can do it again."

Originally Posted by dinartank

What ever happened to his pediction of if you have a milion dinar by the summer you will be a millionare??? Reason I ask Is ok say they float the currency It could rise rapidly or crash. If they do a peg the rules are that the currency can only apprecaite at 4%. Am I right? A float could be dangerous as people could cash in then the currency could crash but at the same time could be bought up from big investors...this is a guessing game and is a pure gamble whether to hold out or cash in. Put a peg at .03 to .05 shows room for slow growth. I guess what im trying to get at is does your friend....source whatever you want to call him still believe that a million dinar will be a million dollars by the summer time. Can you ask him if he thinks it will be a peg or float. I hope im making sense here. I guess its all just specualtion... Im just tired and want to get off the boat at the right time...as we all do. Theres just so many therioes and contradictions to so many factors. As adaster predicts a high rv that all the money wont make it to the cbi as the world banks will hold on to it as it rises then will be sent back to the cbi at a later time. This is just a theroy there is no proof while its a good thereoy nobody knows. JUST RV DAMM IT!!!

I meant to post that he is still in firm thought that the Security and Stabillity will dictate that, million by summer. But yes he see's it as a float. Summer is still 90 days away. Bush has plenty of time to work with Nouri al-Maliki.

Great News. Thank for all the news. Go Reval

Originally Posted by ChiefWealth53

I've heard all kind of different numbers for the RV.
.98 Euro that would equal about $1.30. $.33. $.67, etc.....

If this value is going to be used to sell oil, wouldn't it have to be a number comparible to the other Arab countries?

As Posted above. Gulfnews: UAE 'closer to revaluation'

Originally Posted by Spoiledred

What happened to the 1243 rate stated last night? Dannydinars post this morning it was 1274 same as yesterday morning?

For one it is 1273. One Dinar Move from Yesterday. The 1243 is the Street Market Rate he said. And was doing well.