SFMEDIC CHAT - Dinar Vets 1/15/10 @ 4:58am EST

****** says to (04:58:56):NOW ON THE INFO IF IRAQ DOES AN ERM THEY MUST MAKE IT TRADEABLE TO THE WORLD. THERE IS NO WAY OUT. AN ERM IS ONLY FOR USE WITH A INTERNATIONALLY RECOGNIZED CURRENCY
****** says to (05:00:32):
SO BEING THAT THIS WAS THROWN OUT INTO THE MEDIA AS THEIR INTENTIONS
****** says to (05:00:41):
NOW HERE IS ONE THING
****** says to (05:00:52):
AN ERM DOES NOT MEAN THEY HAVE TO RV
****** says to (05:01:02):
BUT
****** says to (05:01:25):
IT WOULD MEAN THAT IF THEY DID NOT LET IT INCREASE
****** says to (05:01:41):
THEY WOULD HAVE TO FLOOD THE COUNTRY AND WORLD WITH CURRENCY
****** says to (05:01:57):
AND GO INTO HIGH INFLATION
****** says to (05:02:33):
NOW THIS IS ALL CONTRARY TO THE IMF/WB'S STRATEGIES AND TOTALLY AGAINST EVERYTHING THAT SHABIBI HAS STOOD FOR
****** says to (05:02:45):
IN HIS POLICY FOR THE COUNTRY
****** says to (05:03:06):
IT WOULD ALSO COST IRAQ NOT THOUSANDS AS IS NOW
****** says to (05:03:10):
BUT MILLIONS
****** says to (05:03:17):
EVERY AUCTION
****** says to (05:03:25):
SO THEY GO FARTHER INTO DEBT
****** says to (05:03:43):
DOES THIS ALL MAKE SENSE AND DO YOU ALL UNDERSTAND
in4fun says to (05:03:54):
yes
****** says to (05:03:56):
THIS IS NOT MY OPINION OK
****** says to (05:04:04):
THESE ARE FACTS ABOUT AN ERM
Cool says to (05:04:18):
so more then likely if it erm then it will rv
fancy1nancy says to (05:04:20):
Yes, but where do they stand in regards to the ERM?
****** says to (05:04:30):
NO CLUE FANCY
****** says to (05:04:43):
DO THE JUST WAN TO STRAIGHT OUT RV
****** says to (05:04:47):
WANT
****** says to (05:05:07):
OR USE AN ERM THAT IS MANAGED AND USING A CRAWL PEG
kingdavidhi says to (05:05:13):
Are you saying you believe they will invoke erm and then rv in brief time period?
****** says to (05:05:29):
INCREASING IT IN VALUE EVERY SO MANY MONTHS
****** says to (05:05:50):
BUT THIS WILL ALSO CAUSE TREMENDOUS SPECULATION I BELIEVE
****** says to (05:06:15):
AND THEY WILL AGAIN BE IN THE POSITION THEY WERE IN JULY 2008
****** says to (05:06:32):
HAVING TO BUY BACK BILLIONS IN IQD BACK EVERY MONTH
****** says to (05:06:46):
WELL KING
****** says to (05:06:55):
JUST WHAT ARE THE INTENTIONS
****** says to (05:07:07):
OF THE GOI OR MOF AND CBI
Cool says to (05:07:21):
to rebuild Iraq
****** says to (05:07:26):
I DON'T THINK SHABIBI WANTS TO PUT THIS RISK ON THE IQD
Cool says to (05:07:44):
and be sucessful
****** says to (05:07:45):
WHEN HE IS READY
fancy1nancy says to (05:07:53):
wouldn't tremendous speculation = unmanageble on their part?
****** says to (05:07:56):
I BELIEVE HE WILL JUST RV
****** says to (05:08:00):
YES FANCY
Cool says to (05:08:08):
with no erm?
****** says to (05:08:14):
NOT UNMANAGEABLE
bearcat says to (05:08:16):
Med, do your advisors believe that there is any tactical advantage to RV before the planned commencement of the Jan. 23rd Gulf economic union of the GCC?
****** says to (05:08:18):
JUST PRICEY
****** says to (05:08:39):
NO THE GCC IS NOT EVEN AN ISSUE BEARCAT
****** says to (05:09:00):
IT IS MORE STABILITY
****** says to (05:09:05):
CORRUPTION
****** says to (05:09:12):
THE ELECTIONS
****** says to (05:09:19):
CHAPTER VII
bearcat says to (05:09:31):
okay
angel42b says to (05:09:54):
? if they do the ERM and just increase in small amount, they still have loans coming due ad wouldnt that take so much dinar that it would send them into high inflation
****** says to (05:09:57):
THOSE ARE MUCH MORE OF AN ISSUE THAN THEM JOINING THE GCC OR WTO
****** says to (05:10:25):
YES ANGEL IT WILL BECAUSE THERE IS ONLY ONE WAY TO KEEP THE RATE DOWN
****** says to (05:10:30):
FLOOD THE MARKET
in4fun says to (05:10:40):
does anyone know if theres been an acution yet tonight?
fancy1nancy says to (05:10:40):
Then I wonder why they even brought up the ERM?
angel42b says to (05:10:44):
ok thanks
****** says to (05:10:48):
AND THIS IS AGAINST EVERYTHING SHABS STANDS FOR
kingdavidhi says to (05:10:50):
Never is on Friday morning
****** says to (05:11:00):
OK HERE IS SOME MORE INFO FOR YOU ALL
****** says to (05:11:22):
LET US GET THESE AUCTIONS AND UNDERSTANDING THEM FULLY OK
****** says to (05:11:44):
SO YOU DON'T HAVE TO GET BUMMED WHEN YOU SEE A 295 MILLION USD AUCTION
91hotel says to (05:11:48):
they don't do auctions on fridays in4fun
****** says to (05:11:57):
FIRST
****** says to (05:12:20):
THE AUCTIONS ARE FOR THE PURCHASING AND SELLING OF FOREIGN CURRENCIES
in4fun says to (05:12:21):
thats right forgot what day ir is lol thanks king
****** says to (05:12:29):
ANY FOREIGN CURRENCY
kingdavidhi says to (05:12:35):
yw
****** says to (05:12:38):
THERE ARE TWO EXPENDITURES
****** says to (05:12:48):
TRANSERS OUT FROM CBI
****** says to (05:13:02):
USD TAKEN IN FOR THE SALE OF IQD
****** says to (05:13:25):
THE ONLY ONE YOU EVER NEED TO BE CONCERNED WITH IS THE SECOND
****** says to (05:13:32):
THE USD TAKEN IN
****** says to (05:13:44):
NOT THE TOTAL VALUE OF THE AUCTION
****** says to (05:14:16):
USD TAKEN IN IS AS I SAID FOR DINAR/IQD SOLD
****** says to (05:14:40):
ALSO CBI CANNOT SELL DINAR OUTSIDE OF THE COUNTRY TO ANY FOREIGN NATIONAL
****** says to (05:15:07):
IT CAN ONLY AUCTION OFF IQD TO BANKS INSIDE IRAQ REGISTERED WITH CBI
****** says to (05:15:29):
IT IS AGAINST THE CONSTITUTION FOR CBI TO SELL TO ANYONE ELSE
****** says to (05:15:44):
AS WAS IMPLIED THAT ALI GOT HIS IQD FROM CBI
****** says to (05:15:47):
HE DOES NOT
****** says to (05:15:58):
HE GET'S IT FROM THE TRADE BANK OF IRAQ
****** says to (05:16:03):
OR HE DID
****** says to (05:16:30):
NOW OUT OF 295 MIL PLUS AUCTION YESTERDAY
****** says to (05:16:48):
ONLY 8 MIL PLUS WAS USD FOR THE PURCHASE OF DINAR
****** says to (05:17:11):
SO THE OTHER 287 MIL WAS TRANSFERS OUT
****** says to (05:18:15):
NOW THEY ARE FOR THE PURCHASE OF OTHER COUNTRIES FOREIGN CURRENCIES FOR THE FOREIGN CURRENCY ASSETS THAT ARE REQUIRED TO COVER THE MONETARY POLICY AND LIQUIDITY OF THE IQD ABROAD
****** says to (05:18:44):
THE MORE THEY CAN BRING IN THE MORE ASSETS THEY HAVE TO COVER THE IQD ON A REVALUATION
****** says to (05:19:02):
ALSO YOU DO NOT WANT ONLY ONE CURRENCY
****** says to (05:19:19):
YOU WANT A MULTITUDE OF CURRENCIES FOR FCA'S
****** says to (05:19:31):
THIS WAY IF SOME ARE FALLING IN VALUE
****** says to (05:20:07):
NOT ALL WILL AND YOUR TOTAL VALUE WILL NOT SUFFER DRAMATICALLY
****** says to (05:20:19):
NOW THINK OF THIS OK
****** says to (05:20:37):
YOU ALL MAY REMEMBER OR KNOW ABOUT THE OTHER AUCTIONS THAT CBI HELD
****** says to (05:20:50):
FOR THE AUCTION OFF OF TBILLS AND CBI BILLS
****** says to (05:21:09):
ONE IS FOR 365 DAYS AND THE OTHER APPROX 180 DAYS
****** says to (05:21:27):
THESE ARE AS IN OUR COUNTRY BUYING DEBT
****** says to (05:21:38):
NOW IRAQ SOLD ALLOT OF DEBT
****** says to (05:22:05):
THEN SEVERAL MONTHS AGO THEY SUSPENED ALL TBILL AND CBI BILL AUCTIONS FOR 6 MONTHS
****** says to (05:22:42):
I BELIEVE THIS WAS TO BUY BACK THE DEBT AND TO ACCRUE FOREIGN CURRENCY ASSETS DURING THIS TIME
****** says to (05:23:14):
THIS IS ANOTHER PREPARATION BY SHABIBI FOR THE RV
****** says to (05:24:16):
AND HE IS USING A DIRTY FLOAT TO HOLD DOWN THE VALUE OF THE DINAR SO HE CAN BUY BACK THE DEBTS FOR LOW VALUE AND PAY THEM THE INTEREST THEY MADE FROM THOSE TBILLS AND CBI BILLS
****** says to (05:24:28):
IT IS A SMART MOVE
****** says to (05:24:57):
SEE THE MAJORITY OF THE IQD COUNTED AGAINST IRAQ
****** says to (05:25:06):
IS NOT HARD CURRENCY LIKE WE HOLD
****** says to (05:25:21):
ALSO EXPECT THE POSSIBILITY OF TWO RATES
****** says to (05:25:50):
THE 25K NOTE IS THE DOMINANT NOTE AUCTIONED OFF AND SOLD BY TRADERS
****** says to (05:25:57):
IN HARD CURRENCY
****** says to (05:26:18):
10K AND BELOW IS LESS DOMINANTLY HELD
****** says to (05:26:47):
I THINK THAT THERE IS A POSSIBILITY THAT THE 25K NOTES WILL BE BOUGHT BACK AT A LOWER RATE
****** says to (05:26:55):
AND THEN VAULTED BY CBI
****** says to (05:27:12):
AND THE 10K NOTES AND BELOW WILL HAVE ANOTHER RATE
****** says to (05:27:25):
ABOUT .90 -1.00 HIGHER
****** says to (05:27:41):
NOW THIS IS JUST CONJECTURE
****** says to (05:28:01):
BUT IT IS SWIRLING AROUND BEING DISCUSSED
****** says to (05:28:12):
AND HAS LEAKED OUT OF TBI
****** says to (05:28:47):
SO DO YOU ALL UNDERSTAND WHAT I JUST EXPLAINED OR WAS IT TOO MUCH TO DIGEST
broncos106 says to (05:29:02):
perfect
fancy1nancy says to (05:29:06):
******... it makes PERFECT sense...
****** says to (05:29:32):
I HAVE KNOWN THIS FOR ABOUT 3 WEEKS
fancy1nancy says to (05:29:33):
Guess what, Med... I finally "get it."
awwwsomegod says to (05:29:38):
that was good!
spraky says to (05:29:38):
very good
KaraokeDiva says to (05:29:45):
makes sense... ****** could i ask a ?
dinarham says to (05:29:48):
TY,med, somrtimes it takes a whike to digest
JERSEYGIRL says to (05:29:50):
yes med very good
Ur_Gold says to (05:29:53):
Med, good morning, how are you? Is Lydia feeling better?
bearcat says to (05:29:53):
Yes med. There may be one financial strategy to counter a split valuation of denominations though Med.

dinarfrank says to (05:30:03):
Double rate Sucks!! :@
MyHorseRocks says to (05:30:13):
great job...thanks much
****** says to (05:30:23):
SEE I THOUGHT YEARS AGO ABOUT THE 25K NOTES
****** says to (05:30:27):
IT WORRIED ME
****** says to (05:30:43):
SO I WENT OUT OF MY WAY TO GET 1K 5K AND 10K NOTES
****** says to (05:30:55):
I FIGURED IF I AM GOING TO INVEST
****** says to (05:31:07):
INVEST A BIT MORE AND GET LOWER DENOMS
fancy1nancy says to (05:31:26):
Med, aren't there $100K notes?
KaraokeDiva says to (05:31:32):
if they decide on the 2 rates... couldn't people trade their 25k notes for 10k or 1k notes? dinar for dinar should be possible, right? then cash in after exchanging for the smaller notes would be possible..
****** says to (05:31:37):
SOME OF MY BUDS HAVE MILLIONS IN 50 DINAR NOTES
****** says to (05:31:47):
NOPE KARAOKE
****** says to (05:31:50):
WON'T HAPPEN
****** says to (05:32:21):
I CAN GUARANTEE YOU THAT YOU WILL NOT HAVE THAT OPTION
fancy1nancy says to (05:32:48):
So... 25K and up might be a different rate... or... ?
KaraokeDiva says to (05:32:48):
ok.. just curious
KaraokeDiva says to (05:32:51):
thank you
****** says to (05:32:52):
REMEMBER THIS
****** says to (05:33:08):
YOU WILL NOT GET 2 10K AND A 5K NOTE
****** says to (05:33:31):
YOU WOULD GET THE VALUE OF 1.49 (EX) X 25K
bearcat says to (05:33:52):
Med, have you investigated the prospect of an international currency account at one of our major US banks?
****** says to (05:34:05):
NOPE BEARCAT
****** says to (05:34:10):
THIS IS IT OK
****** says to (05:34:15):
I WANT OUT SO BAD
****** says to (05:34:23):
THAT WHATEVER THEY PAY ME
****** says to (05:34:27):
I AM ECSTATIC
irwelder says to (05:34:32):
******, how can they have two rates for iqd, a dollar is a dollar whether it is a ten or a hundred, won't this be the same?
pinballwizard says to (05:34:40):
Im with ya what every there payin im running with it.
****** says to (05:34:44):
I WILL BE RICH BEYOND MY WILDEST DREAMS
bearcat says to (05:34:54):
I understand how you feel.
****** says to (05:34:56):
NO IT WILL NOT BE IRWELDER
Nash says to (05:34:57):
if you do hear some something like that, i hope you would share it with us
****** says to (05:35:05):
IT IS VERY VERY SIMPLE TO DO
****** says to (05:35:09):
AND IS NOT COMPLICATED
****** says to (05:35:21):
AND IRAQ HAS A RIGHT TO DO WHAT THEY WANT
Breitling says to (05:35:37):
and they have done it many times in the past also
****** says to (05:35:57):
NASH I HAVE SHARED SO MUCH ALREADY HAVEN'T I BREITLING IN THE PAST
irwelder says to (05:35:59):
I am with you on that, I just wish they would do something!!!!!!!!!
****** says to (05:36:26):
THAT B KNOWS I HAVE BEEN WARNED BY FED AGENCIES NOT TO USE MY SKILLS TO PASS ON EVERYTHING
Breitling says to (05:36:38):
Venezuela is doing it right now
Nash says to (05:36:42):
well duh, of course, that wasn't what i was asking
Breitling says to (05:37:00):
yes med that is correct
****** says to (05:37:07):
NO NEED TO BE THAT WAY NASH
****** says to (05:37:11):
OK
****** says to (05:37:38):
B TAKE IT FOR AWHILE MY FRIEND
fancy1nancy says to (05:37:41):
Nash... shame on you!
****** says to (05:37:43):
I WANT TO CLEAN UP
dinarfrank says to (05:37:43):
Med are you saying the 25K at $149 and smaller denoms at higher rate?
Foxyrodeo says to (05:37:52):
med can u im me please
****** says to (05:37:53):
I SAID EXAPMPLE