Nobody said "no reval". I meant IF someone with CBI ever said that there won't be a big revaluation of the Dinar then many would say it was a "smokescreen" because it's not what we want to hear. BUT, when someone says there will be NO LOP then we take them at their word because it's what we want to hear.
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Thread: My Aussie Ceo
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12-02-2007, 06:17 PM #571
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15-02-2007, 11:06 PM #572
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Okay, do we have an update on the contractor who was suppose to go to Iraq?? Maybe I just missed th update. Sorry..
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16-02-2007, 02:57 AM #573
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The very day before China last revalued their Yuan they took out a full page AD in their main newspaper saying it was a lie and that they would never do it.So if the CBI did the same sort of thing, you would take them at their word? Sometimes smokescreens exist for a reason- just because your paranoid doesn't mean that no one is after you!
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16-02-2007, 04:58 AM #574
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im after you....i mean by this post, of course. srw makes a good point. we hear what we want to and believe that which fits our pictures. it is hard to shuffle thru it all and get an objective view of the truth...i think well know after the fact what the truth is...was. god, i hate doing biz like this.
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16-02-2007, 04:59 AM #575
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16-02-2007, 05:57 AM #576
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Not true SeaRay.
If you take into account the ramifications of any given event you can estimate what disinformation or change of direction that may be used to sway or influence the impact of such event. Different rules apply to different situations. Case in point. A lop, I think you would agree would be a negative for a countless number of people, not only investors of the dinar. The CBI and the GoI knows this. As they have to look at the long term positive vs. the short term negative. But if that is the way they feel they must go then they will. But given the backlash I would say you would hear nothing, absolutely nothing prior to the lop. They would not want anyone even guessing what trouble lay ahead. However. if a reval was the decided direction then one could say, and again I think you would agree, it would be a most positive event for many. Few would be harmed by a reval. The damage done by a leak would most likely be increase speculation. Hardly the damage one would expect from a lop. Of course no leaks are wanted. The ability to communicate with the people and press does have advantages. The risk of information getting out during a misinformation campaign concerning a reval is minimum. So in the case of a reval you will see disinformation but in the case of a lop you will see or hear nothing.
Last edited by RetMil; 16-02-2007 at 06:46 AM.
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16-02-2007, 06:57 AM #577
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A teacher was giving a lesson on the circulation of the blood. Trying to make the matter clearer, she said, "Now, class, if I stood on my head, the blood, as you know, would run into it, and I would turn red in the face... then why is it that while I am standing upright in the ordinary position the blood doesn't run into my feet?"
A little fellow shouted, "Cause your feet ain't empty."
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16-02-2007, 06:58 AM #578
It appears this rumour is running low on steam. It was an interesting twist on things but seemed a bit too simple in concept. Last night the CBI re-valled to 1285 yet the EURO/USD ratio is up to around 1.31 level. Had the theory been correct Shabibi would have left the rate at or near the 1288 or higher level. If he "bumps" the IQD value up, say another 3 to 5 Dinar (1280 level), next week and the EURO/USD ratio stays at 1.31 or higher then the theory would be proven incorrect. The "spread" would be too great at that stage. While we do need to keep up on any Iraqi financial news, the big leading indicator to track at this stage is the Baghdad pacification effort. We'll know a lot more in the upcoming weeks. Looks right now that March could be the biggest month EVER concerning our investment. Hang in there, we are still in great shape to reel in thousands, tens of thousands, or (believe it or not) hundreds of thousands (dare I say mills??? ) in Future IQD Value!!!
Munny Model IQD Value Projections
Range 1345 IQD/1 USD to 1 IQD/.27 USD:
1345 Target ACHIEVED!!!
1260 Target ACHIEVED!!!
1100 IQD/1 USD by Jan. 5, 2008
810 IQD/1 USD by July 5, 2008
500 IQD/1 USD by Jan. 3, 2009
300 IQD/1 USD by Apr. 18, 09
1 IQD/.01 USD by Aug. 8, 09
1 IQD/.27 USD by Sept. 12, 09
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16-02-2007, 09:13 AM #579
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16-02-2007, 09:49 AM #580
Surprised you are calling this business. Its more like breaking out the Ouija board, or better yet a gambling trip to Vegas.....
Guess that means you did buy that extra $100,000 worth eh?
Might I suggest buying a case....
Pepto-Bismol
Heck, why not try the whole line...
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