and I HAVE THE RIGHT TO ASK " are we there yet" " lol
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and I HAVE THE RIGHT TO ASK " are we there yet" " lol
I am deleting my posts in this thread.
Go get 'em Addy... Munny's a big boy and defend himself.
Shame on you Adster. I refuse to engage with you again.
Welcome Back Flockstar. Look out, Addy may go after you again too.
Sheese.
:toofunny: :thumbsup: :toofunny:Quote:
Originally Posted by mogo
Mine and others problem with Munny is the way he projects his model. IF he did it in a civil, not, up his own butt way, then he would get more respect and civility from people. Arrogance is not an attractive feature.
That is my point, and my last point. :ro_emote:
Yes, mogo......... we are there . :banana:Quote:
Originally Posted by mogo
Munny's model is a simple representation of what we have already witnessed for the last year. A slow, gradual increase in the value of the dinar.
He is outlining the "What if's" based on various weekly increases in value vs. the covetted "Bold Adjustment". We have only seen slow, gradual value increases, so his model is a continuance of that theory.
Basing the future on the performance of the past. Seems logical to me.
The idea of a Bold Adjustment is a theory started right here and widely accepted because that's what we all want-- A BOLD ADJUSTMENT.
Problem is that the Iraqi's don't care what WE want.
Sorry that your thread got hijacked so fast Munny.
Thank you.
Very true they may not care what we want however they best care what THEIR people need and a slow raise isn't it as talked about loads of times it achieves nothingQuote:
Originally Posted by Hardwood
Quote:
Originally Posted by Onenomad
Totally agree that they need to care more about their people. Problem is that their culture has always been this way. The Aristocrats have always suppressed the peasants. We are trying to change this, and the revenue sharing will certainly help. I agree a Bold Adjustment is what's needed. Problem is that the slow and grow approach is what we are seeing, like it or not.
Up side is that ( if they don't implode first ) we will see our 1:1 in a year or two (or three).
Either way we win (again if they don't implode). One scenario just takes longer than the other.
It's a Win-Win for us (Dinar holders). It's only a matter of time I guess.
Thank you.
The rate hasn't moved for 16 days. It was only a slow and grow to curb inflation which they are happy with for the time being, hence the rate remaining at 1272.Quote:
Originally Posted by Hardwood
This was left to 2009 there would be a full blown civil war. Their people, (not the low lifes) are already starting to rise up against the GOI for lack of the promises that have yet to be carried out like handouts etc.
The biggest indicator to date in all of this of a reval is the discussion on Article IV. Article IV is all about exchange rates. Letter of Intents are all about governments informing the IMF of intentions for their countries which would include raising exchange rates. This would be irrelevant if slow and grow was the way they wanted to go. Th efact they have discussed 'par values' shows part of their intentions.........
Not forgetting the lack of buying power, lack of money, (54 trillion dinars will run out pretty damn quick without a reval). Are they likely to let all these big boys in with an artifical rate?
They want this as much as us. SDR value from 4 years ago on the IMF site has the dinar valued at well over $3.......
There are so many reasons, which have been discussed many times why slow and grow does not work and never will do. :eek:
Good points but if I was betting on this looking at the fact of the worlds debt forgiveness the fact that their market and central bank are structured on the US (Apparently Mr Greenspan was the central bank governors teacher) I would wager a bold adjustment to bring the country in line with other countries of the region (Though the other countries don't have the wealth Iraq does with their oil thats recently been found to be more then they thought originally) Your right their culture is very different from the west but going with that they are a very proud people and they will want the rate to get to what it once was. I keep looking at Afghanistan's rate and there is no way a country with nothing but poppies is worth more then a country floating on Oil and then there is that pesky little fact of two sets of books one being "The PROGRAM rate" and the other keeping the old rate as per instructions from the Iraqi Central bank which I believe is the .31 dinar to 1 dollar. Who knows what is happening behind closed doors when the powers to be meet but it sure is interesting since getting into this I have never learned so much about another culture their history and their potentialQuote:
Originally Posted by Hardwood
Thank You