Medic Chat: DS – 1:45 AM EST – 1/9/2011
Quote
Med says to (01:44:14):
OK I AM GOING TO GIVE YOU SOME INFO. MAYBE YOU DID FIGURE THIS OUT OR NOT. THE LAST THREAD ON THE BUDGET WAS SOMETHING LIKE 80 SOME BILLIN DINAR AND WHAT 76 BILLION USD? CORRECT, IN THAT BALLPARK? YES OR NO?
mikeC says to (01:45:46): Yep
OK GOOD. NOW IF THE FIRST READING IS DONE AND THE BUDGET IS PASSED AT 89/90 BILLION DINAR AND THE 2ND AND 3RD READING THE SAME, DON’T YOU UNDERSTAND THAT THE RV HAS BEEN PASSED THIS WEEK?
JRCivic says to (01:47:02): fits your 86 cent rate to the “T” Med
Cool says to (01:47:05): 93-79.6
NO NO. PAY ATTENTION, I SAID
IF THEY PASS THE BUDGET AT 90 BILLION DINAR THEN THE RV HAS HAPPENED.
Cool says to (01:48:02): Yes
JRCivic says to (01:48:04): Exactly
golncor says to (01:48:41): true otherwise the dinar would be in the trillions
mikeC says to (01:49:42): Budget planned with the RV rate
YES GOLNCOR, YES MIKE. AND AS SOON AS THE BUDGET IS APPROVED AND IN THE GAZETTE AND IF IT IS AT THE BILLIONS BOTH IN IQD AND USD, THEN THE RV HAS TAKEN PLACE.
Cool says to (01:51:03): so this could be the way they do the rv simply by post the new budget? no big announcement?
mikeC says to (01:51:50): med in Bam Bams post both the old rate & new rate are detailed I think…
WHAT I AM SAYING IS THAT SOMEWHERE IN THE LANGUAGE
thepainman says (01:51:54): then we wait for it to show on forex
JRCivic says to (01:52:01): Then all we would have to do is watch to see when it shows up over here
BAM BAMS POST IS NOT USUABLE. IT IS NOT VALID ANYMORE
mikeC says to (01:52:39): OK sorry my bad
Cool says to (01:54:40): med you were saying somewhere in the languag
YES ,YOU KNOW THE VERBAGE, THE WAY THE BUDGET IS WRITTEN. IN THERE SOMEWHERE HAS TO BE LANGUAGE THAT SUPPORTS THE BILLIONS INSTEAD OF TRILLIONS OR SEPARATE AMENDMENT HAS BEEN DONE.
Cool says to (01:58:23): hmm could that be part of the reason they had to redo it med
NO
Cool says to (02:00:09): well I know they had other reasons also , but may have adjusted the amount to fit the rv since they maybe know it is coming
WELL, WE KNOW THAT THE MOF…COUNSEL OF MINISTERS…CBI AND IMF ARE ALL INVOLVED. THE MAJOR ISSUE WAS THE KURDS AND THEM WANTING LINES STRUCK FROM THE BUDGET. NOW AND THIS IS TOTALLY SPECULATION TO HELP SUPPORT YOUR THOUGHTS COOL, BUT THE MOF HAD THE BUDGET AND BEFORE HE DID THE BUDGET READ TRILLIONS. NOW ONE THING AND MOST DIDN’T REALLY NOTICE IT BUT IN THE TWO WEEKS THEY WERE OFF, THE PRIVATE SECTOR WAS EXPOUNDED ON ALLOT AND THE NEED TO DEVELOP IT AND CONTINUE WITH BUILDING THE ECONOMY, BUT NOT THROUGH THE OIL AND ALSO ENTERING A MARKET ECONOMY. NONE OF THIS CAN BE DONE
Cool says to (02:03:41): yes lots of new plans of business’s
WITH THE DINAR IN IT’S PRESENT STATE
I JUST WANTED TO THROW OUT, THE POSSIBLE IMPORTANCE OF THE FIRST READING, AND HOW IT IS WRITTEN IN THE MEDIA – IF BILLIONS/BILLIONS. YOU ARE WATCHING THE RV UNFOLD. BUT AS I SAID, THE RV HAS STARTED AND THE PROCESS THAT WAS NEEDED IS MOVING. FIRST WAS LIQUIDITY, WHICH ENTAILED REMOVING LARGE DENOMS. NEXT IS THE CONVENING OF PARLIAMENT AND COMPLETION OF THE CABINET AND BUDGET, WHICH WAS WHAT WAS EXPLAINED IN THE ARTICLE I POSTED. SO TONIGHT IF YOU ARE HANGING OUT THEN YOU BASICLLY ARE WAITING TO SEE IF THEY RV’D OR NOT, OR I MEAN ARE IN THE FIRST STEP OF DOING SO
Cool says to (02:14:34): lol I know and I am so so excited lol
NOW REMEMBER, WHEN THAT ARTICLE CAME OUT, I ONLY SAID IT APPARENTLY LOOKS LIKE THEY HAVE PUT THE RV RATE IN IT, UNLESS IT WAS AN ERROR, WHICH ONE TYPO I CAN SEE, BUT THE ENTIRE ARTICLE HIGHLY UNLIKELY. BUT THEN AGAIN, WHO WOULD THINK THAT A GROUP OF PEOPLE WHO WERE LISTENING TO SADR WOULD BE STUPID ENOUGH TO SAY THEY WOULD MAKE THUNDER UNDER THE GROUND OF THE INFIDELS IF WE DON’ T LEAVE. THEY EITHER ARE JUST THAT STUPID OR HAVE TOTAL MEMORY LOSS. THEN AGAIN. I WOULD WANT TO FORGET THE TWO BUTT WHUPPINS THEY GOT FROM THE CHRISTIANS AND ALLAH FAILED TO PROTECT THEM.
Cool says to (02:18:32): med do you think
OK SO ANY OPINIONS
perez says to (02:18:37): ? puter being difficult and i cant access article… from above… mike had usd 76 million / jrc had usd 76 billion… which is it?
NOT TOO MUCH COOL
Cool says to (02:18:57): they are prepared in case sadr really tries to start real trouble
IT CAN’T BE 76 MIL USD. OH OF COURSE COOL
dinarfrank says to (02:19:32): Wow Med. Great thinking. Thanks for sharing.
Cool says to (02:19:40): 93 billion Iraqi dinars (79.6 billion dollars), that’s what’s in the article
perez says to (02:19:57): ty
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