MED CHAT: 8/2/11 @2AM

MED CHAT: 8/2/11 @2AM


GM ANYONE

rubber duckie says to (02:13:03):

been reading the artcles, sounds like a lot going on
Med says to
(02:14:15):
NOT SOUNDS THERE IS JUST TRYING TO KEEP THINGS IN PROSPECTIVE
SEPARATING THE KURD FROM THE WHEY ALL WE CAN DO IS CROSS OUR FINGERS AND HOPE
THAT ALL THE TIME AND EFFORT WE PUT INTO THIS AND THE WAY WE READ AND
INTERPRETED WAS NOT IN VAIN OR WE MADE MISTAKES
I BELIEVE WE DID NOT AT
LEAST BY ALL THE INFO AVAILABLE AND USING THE CURRENT ECONOMIC DESCRIPTIONS FOR
EACH TERM

rubber duckie says to (02:18:50):
I hope we didn’t
make any istakes either

Med says to (02:18:55):
THEN WE DIDN’T
WE COULDNT HAVE MADE MISTAKES ONLY THAT WE WERE BS’D ONE THING ALL THAT IS
DISCUSSED AND ALL THE CHANGES THAT ARE SAID TO BE BEING MADE ARE DIRECTED
TOWARDS ONE THING THE LOCAL CURRENCY WHAT WE HAVE IS NOT THE LOCAL CURRENCY IN
FACT IT IS NOT EVEN PART OF THE LIQUIDITY
Read More button on
right




rubber duckie says
to (02:20:28):
One thing I have always been worried about is if they
print new currency and say the 2005 currency is out

WELL THEY CANT
REALLY
REMEMBER
WE ARE THE SMALL FISH
THE BIG FISH WOULD
CRUSH IRAQ
THAT IS THE US GOVT
CHINESE GOVT
UK GOVT

AND FRANCE

rubber duckie says to (02:21:25):
I know I am a
small fish

Med says to (02:21:33):
NO NO
NOT WHAT I
MEANT
I MEAN TOTAL VOLUME OF HOLDINGS

rubber duckie says to
(02:22:14):
I know what you mean

Med says to
(02:22:19):
ALL FOUR OF THOSE COUNTRIES ARE THE ECONOMIC MAKE OR BREAK OF
IRAQS FUTURE
WITH THE U.S. BEING THE PRIZE FOR IRAQ
AND IRAQ WANTS
US COMPANIES BAD

rubber duckie says to (02:22:44):
I agree, I
don’t think they will do that to other governments

Med says to
(02:22:52):
NOPE
NEITHER DO I
UNTIL OBAMA CAME IN

THE US GOVT WAS POURING IN BILLIONS PER MONTH
IN AID
TO
IRAQ
THEN OBAMA CUT IT BY 50%
THEN CUT IT ALL
TOLD THEM TO
GROW UP
AND GET ON THEIR OWN TWO FEET SO TO SAY
NOW THIS IS NOT
POLITICAL
BUT ACTUALLY FOR US
THE BEST NEWS THAT WE COULD HAVE
GOTTEN FROM A U.S. ADMINISTRATION
THEY HAD NO INCENTIVE TO MOVE

WITHOUT IT
AND AFTER SEEING HOW MUCH MONEY WAS BEING HID AWAY
BY
THE MINISTRIES

rubber duckie says to (02:25:01):
I remember
seeing articles where hundreds of millions of dollars missing when it went to
Iraq

Med says to (02:25:05):
WHO WERE CLAIMING POVERTY

WELL THINK ABOUT IT
MALIKI
MAKES ROUGHLY 150K A YR
HE WAS
NOT A RICH MAN
WHEN HE CAME BACK TO IRAQ
YET HE TRANSFERRED 260
MILLION TO A SWISS ACCOUNT
LAST YR
JUST AFTER ELECTIONS

rubber duckie says to (02:26:22):
I remember that also

Med
says to (02:26:45):
BUT IN IRAQ
SEEMS NOONE CAN ASK A ?

WHERE THE HELL DID YOU GET THAT NURI?
NOW I DONT REMEMBER WHAT
INTERNATIONAL ORGANIZATION
DOES THE INVESTIGATING
AND DETERMINES
THE RANKINGS FOR MOST CORRUPT GOVTS
BUT WHEN YOU ARE #4 IN THE
WORLD
UP FROM #5 THE YR BEFORE
THEN THEY HAVE TO HAVE THE GOODS ON
MANY
I AM SURE IF WE WENT TO THE SITE
THEN WE WOULD BE ABLE TO
READ THE ACTUAL REPORT
ON WHY AND WHO
OR WHAT
MINISTRIES

rubber duckie says to (02:29:52):
That would be a
good read
Makes one woneder why Malii is not in jail
sorry my key
board is sticking

Med says to (02:32:29):
I DONT THINK HE CAN
BE PROSECUTED
I AM NOT SURE THEY EVER REVERSED THAT LAW
THAT
PROTECTS THE ENTITLED
AND MEMBERS OF PARLIAMENT FROM PROSECUTION

THE FIRST PARLIAMENT PUT IN A FAIL SAFE
SO IF THEY GOT CAUGHT
THE
JUST LOST THEIR JOB
WHICH NOONE DID
I MEAN WHEN YOU PUT AWAY 28
BILLION INTO THE BANK OF IRAQ
ND THEN YOU STILL HAVE
40 BILLION
MISSING
I MEAN THAT IS ALL THESE GUYS HAD TIME FOR
IS TO
STEAL
THAT IS WHY NOTHING GOT DONE
BRB

momoney12 says
to (02:35:16):
Excuse me–I hope I’m not making anyone repeat themselves,
I’m just curious. Exactly what are we missing in order for the RV to be
complete? I thought the GOI was formed and Section 7 sanctions were lifted when
UN secretary announced Iraq is no longer a threat to the international
community. I know they still owe Kuwait around 20 mil in reparations, but is
there something I’m missing or mistaken about?

rubber duckie says to
(02:38:26):
I have my thoughts on the subject but med spends a lot more
time studying then I do

Med says to (02:42:27):
FIRST
OFF
THE UNSC NEVER SAID THEY WERE NOT A THREAT ANYMORE
MALIKI SAID
THAT
THE 3 FILES ARE STILL OPEN ON KUWAIT
COMPENSATION

DEMARCIATION OF THE BORDER
AND KUWAITI MISSING
NONE OF WHICH HAVE
HAD MUCH EFFORT BY THE IRAQI GOVT TO RESOLVE
ONLY SANCTIONS
WHICH
WERE RESOLUTIONS THAT WERE PUT IN PLACE
AFTER THE ORIGINAL CHAPTER VII
WAS VOTED ON BY THE UNSC
WERE LIFTED
THOSE WERE TRADE
SANCTIONS
NOT THAT THEY WERE DETERMINED NOT TO BE A THREAT TO THE
REGION
THEY STILL ARE
AND DO NOT DESERVE TO BE REMOVED FROM
CHAPTER VII
ANY COUNTRY WITH THE AMOUNT OF CORRUPTION THAT IRAQ
HAS
AND TIES TO THE IRAN GOVT
AS WITH SADR
AND THE THREATS
MADE BY SADR AGAINST US FORCES
HOW CAN THAT BE CONSIDERED NOT A THREAT TO
THE REGIONS STABILITY
NOW ON WHAT IS LEFT
YES PROBABLY NOONE
STUDIES THIS MORE THAN I
I WENT TO OTHERS WHO HAD MORE KNOWLEDGE ON
SPECIFIC AREAS
THAT I HAD NO CLUE ABOUT
I HAD NO ECO
BACKGROUND
AT ALL
SO I WENT TO AN ECONOMIST
AND STUDIED FOR
6 MONTHS EVERY SINGLE DAY
ON WHAT BUILDS A COUNTRY
WHAT IS NEEDED
IN IRAQ
AND THEN I NEEDED TO KNOW THE REGIONAL ATTITUDES
OF THE
MIDDLE EAST
HOW THEY THINK
AND FEEL
SO I WENT TO ASTRO
GUY
WHO IS FROM THE REGION
AND HE TALKED TO ME FOR HUNDREDS OF
HOURS
EXPLAINING ALL THE ISSUES THAT I WOULD ENCOUNTER
IN LOOKING
AT ARTICLES
ETC

rubber duckie says to (02:49:01):
I
wish I knew the people you have met

Med says to (02:49:17):
IT
WAS JUST LUCK
I GUESS
I HAD KNOWN MM17 FOR A LONG TIME
HE
WAS NICE TO ME ON IIF
WHEN I SAID OBAMA WOULD FORCE THE ISSUE
I
WAS FLAMED MOSTLY BECAUSE IT HAD TURNED SO POLITICAL
ON IIF
NOONE
WOULD LISTEN
TO WHAT I HAD TO SAY
SO IN 08
I SAID SCREW
THIS
ANOTHER THING I NEVER LET CLOUD MY JUDGEMENT
WAS
EMOTIONS
IN SOMETHING LIKE THIS
YOU CANT HAVE ANY
YOU CANT
SURVIVE SOMETHING LIKE THIS
IF YOU ARE GOING TO BEHAVE LIKE YOU ARE ON A
ROLLER COASTER
THAT IS WHY I WAS SO HARSH
FOR SEVERAL YEARS ON
THOSE RUMOR SPREADERS
I WAS ANGRY THEY WERE PLAYING WITH PEOPLES
EMOTIONS
JUST TO GET THEIR 15 MINUTES
I WAS VERY WORRIED

THAT SOMEONE WOULD BE PUSHED OVER THE EDGE WITH THE CONSTANT
EVERY FRIDAY
AND EVERY MONDAY RV
AND THE OUTRAGEOUS AMOUNTS THEY WERE TOLD THEY WOULD
HAVE ON THOSE DAYS
SO NOW WE ARE WHERE
YOU KNOW WHEN I AM ASKED
ABOUT THE DINAR
IN PUBLIC
LIKE AROUND HERE
I ACTUALLY PLAY
IT OFF

momoney12 says to (02:54:25):
TY Med for clearing that
up. Now I can research those things you just told me about so I can gain a
better understand everything. (Not having a starting point on where to learn
about all this is where my frustration was lying)

Med says to
(02:54:29):
NO
NO
THAT WAS JUST SOME HISTORY
YOU
WILL GO NUTS
TRYING TO START
AND THEN FOLLOW ALL THE
CRAZINESS
THAT TOOK YEARS TO ACCUMULATE
TO WHERE WE ARE NOW

I WILL PUT YOU IN PERSPECTIVE
AS WE KNOW
CBI CONTROLS THE MONETARY
POLICY FOR IRAQ
AND HAS NO OVERSIGHT
IT IS JUST THEM
NOW
JULY 2010
SHABIBI ANNOUNCED THE RAISING OF 3 ZERO’S FROM THE NOMINAL
VALUE
WHICH IS .00086
HE ALSO SAID THAT THIS WAS GOING TO BE GIVEN
TO THE NEXT GOV
WHEN FORMED
AND THEY WOULD DECIDE THE MECHANISM
FOR DELIVERY
WELL MONTHS WENT BY
CONTINUED ARTICLES
ON THE
VALUATION
THE IMF SAYING IT HAD TO BE DONE
THE WTO SAYING IRAQ
BEING PEGGED TO THE USD
HAD TO CLOSE THE GAP
SO WE COME TO JAN
2011
THE NEW MIN OF FINANCE
GOES TO CBI
AND REQUESTS A
CHANGE IN THE VALUE OF THE DINAR AND TO ISSUE NEW CURRENCY THAT WOULD PARALLEL
THAT CHANGE IN VALUE
SHABIBI SAID YES
BUT
ANY NEW CURRENCY
ISSUED
IS NOT PART OF CBI’S OFFICIAL CAPACITY
IT IS A LEGISLATIVE
ISSUE
AND ONLY PARLIAMENT CAN APPROVE IT
SO A DRAFT HAD TO BE
DONE
ON WHY AND WHEN AND WHAT
SENT TO THE COUNSEL OF
MINISTERS
IF THEY APPROVED IT
THEN IT GOES TO PARLIAMENT

FOR APPROVAL OR DISAPPROVAL
NOW JUNE 24TH
AN ARTICLE CAME OUT
SAYING THAT ON THE 20TH OF JUNE
THE COUNSEL OF MINISTERS GOT THE DRAFT
AND APPROVED IT
THEN IT GOES TO PARLIAMENT
CBI HAS GONE
PUBLIC
ON WHAT IS TAKING SO LONG
THIS IS GOING TO CHANGE THE
ECONOMIC OUTLOOK FOR THIS COUNTRY
AND IT IS NEEDED NOW
THEN THE
WATERS GOT MUDDIED AGAIN
ALL THIS BS
ABOUT COINS
AND
JORDANIAN COINS
AND THEN THEM SAYING THAT NOONE IS USING THE SMALL
DENOMS
LIKE 1K 500 AND 25O AND 50 DINAR NOTES

momoney12 says
to (03:03:00):
I didn’t know council of ministers and parliament were two
separate groups (TY for that)

Med says to (03:03:01):
THAT
ONLY THE 25 K 10K AND 5 KS ARE BEING USE
NP
YES THEY ARE

JUST A COMMITTEE
LIKE IN OUR OWN GOVT
LIKE FINANCE
AND THEY
REVIEW THINGS
THEN SEND IT FORWARD FOR A VOTE
SO WITH ALL THIS
OTHER CRAP THROWN INTO THE MIX
WHICH OBVIOUSLY IS NOT HELPING EDUCATE THE
IRAQI PEOPLE
IS THIS JUST A ROOZ
TO HIDE WHEN
TO SLOW DOWN
SPECULATION
WELL IT IS NOT WORKING
THE PEOPLE HAVE NO CLUE

WHAT IS GOING ON
THE DEALERS DO
THE PEOPLE ARE SELLING THEIR DINAR
TO DEALERS FOR USD AGAIN
AT RECORD PACES
THE GOI IS NOT WANTING
THIS
CUZ IT MAKES IT HARDER FOR THEM TO ACCEPT THE NEW DENOMS AT THE
LOWER RATE
THE IMF NEW HTIS
THIS
AND TOLD THEM TO STOP
IT
GET ONE OF THE TWO OUT OF IRAQ
AND ONLY ONE WAS TO BE USED
INTERNALLY AND EXTERNALLY FOR PAYMENTS
WELL IRAQ CANT
THE DINAR IS
NOT TRADEABLE
SO NOT ACCEPTED FOR PAYMENT EXCEPT TO A FEW SMALL 3RD WORLD
COUNTRIES
IN THE SAME BOAT AS THEM
IT IS MORE TIT FOR TAT

ALL BS ASIDE
FORGETTING ALL THE CRAP THEY THREW IN THE TOILET TO PLUG IT
UP
A VOTE BY PARLIAMENT IS IT
AND THEN IT REVERTS BACK TO
CBI
AND ALL THE REST IS IN THEIR HANDS
BOTTOM LINE
HOPE I
DIDNT PUT ALL TO SLEEP WITH THAT
SORRY I WENT ON SO LONG
I GET
CRITICIZED FOR BEING BORING
ON MY DISCUSSIONS

Spenditwisely
says to (03:10:13):
i enjoyed the recap

Med says to
(03:10:21):
I TRY TO KEEP IT INFORMATIVE
AND SO ALL CAN
UNDERSTAND
I AM NOT HERE TO ENTERTAIN
WELL I DO TELL JOKES

LOL

doolittle63 says to (03:11:06):
whats the chance this end
by this month

momoney12 says to (03:11:14):
Haha, after ully
emersing myself in this since Feb and going through a hellish rollercoaster
ride, I’d say you and one other person online are the only two I listen
to.

Med says to (03:11:21):
HONESTLY DOOLITTLE

NONE

momoney12 says to (03:11:23):
Not boring at all–very
informative

doolittle63 says to (03:11:28):
ok

Med
says to (03:11:33):
I DO NOT THINK
THAT THEY WILL INFRINGE ON
RAMADAN

rubber duckie says to (03:11:45):
I was hoping before
ramadan

momoney12 says to (03:11:47):
8I just wish I hadn’t
spent so much time on other sites.

Med says to (03:11:54):
HEY
NP

doolittle63 says to (03:11:56):
yea right

Med
says to (03:11:58):
YOU ARE WELCOME HERE

Dinarfrank says to
(03:12:12):
Good morning & Thank you Med for an excellent
explaination of where we are and how we got there. Outstanding
overview.

Med says to (03:12:14):
SO WAS I RUBBER
DUCKIE
TY FRANK
AND GM
I HONESTLY BELIEVE
THAT IT
WAS SHABS INTENTIONS
TO DO IT BEFORE RAMADAN
THIS IS WHY THE
APPEAL BY SALEH
ON WHAT IS THE PROBLEM
WE NEED THIS
TO
COMBAT INFLATION AND TO JUMP START THE ECONOMY

rubber duckie says to
(03:13:14):
I have been thinking that the US debt talks have been the
hold up now

Med says to (03:13:43):
NOT AT ALL
JUST PUT
THE US OUT OF YOUR MIND
ON THIS
HONESTLY
I HAVE SEEN THIS
TRIED TO BE TIED TO OUR ECONOMY
FOR YEARS
AND ALMOST EVERY ISSUE
THAT IT WAS TIED TOO
NEVER HAPPENED
SO I JUST GAVE UP ON THOSE
POSSIBILITIES
AND STUCK TO IRAQ
ALONE
I CLOSED THE
CIRCLE
SO I WAS NOT BRANCHING OUT LIKE A TREE
TRYING TO BRING ALL
THOSE ISSUES INTO THE PICTURE
AND BEING PART OF THIS PROBLEM
WHY
NOT YET?
NOW WE ARE WITHIN A TIME FRAME
THAT WAS PUT OUT

FROM JULY 31ST TO DEC 31ST 2011

HOLD ON
ONE OF MY PUPS HAS TO
GO OUT
BRB

momoney12 says to (03:42:22):
I’ve been
invested since early ’09. The first year and a half was spent telling my family
not to inform me about iqd until it RVs, cause they spent about 2 weeks
cinvincing me to buy some.

Med says to (03:42:50):
I DID NOT
NEED CONVINCING
AFTER I BALKED ON THE KWD
BECAUSE I LISTENED TO
IDIOTS WHO SAID IT WOULD NEVER HAPPEN

momoney12 says to
(03:43:22):
Then since around Sept 2010, they kept calling me “this is
the month, this is the month. It won’t go past sept. It won’t go past new
years…etc etc”

Med says to (03:43:38):
THERE WAS ONLY ONE
TIME
IN ALL THE YEARS SO FAR
THAT SHABIBI HAD EVEN
CONSIDERED
AN RV
THAT WAS NOV/DEC 09

momoney12 says to
(03:44:00):
See, I’m much younger. I couldn’t invest in kwd at that time.
I was still in 5th grade LOL

Med says to (03:44:11):
NO
WAY
LOL

momoney12 says to (03:45:14):
I think I started
gaining serious confidence in this when I saw Shabibi in DC, talking to the US
chamber of commerce

rubber duckie says to (03:45:18):
I saw
what the kuwait dinar and the euro did

momoney12 says to
(03:45:31):
and reading up on them and finding out they weren’t a govt
dept

rubber duckie says to (03:45:50):
I knew this was a good
deal. just didn;t think it would go on for so long

Med says to
(03:45:56):
YOU MEAN CBI
NOT A GOVT DEPT

momoney12 says
to (03:46:37):
I mean when Shabibi came to DC and held a conference with
the chamber of commerce

Med says to (03:46:37):
THEY ACTUALLY
HAVENT
THIS WAS A 10 YR PLAN
AND IN FEB 2010
SALEH SAID
THEY WERE 5 YRS INTO IT
SO WE ARE IN YR 6
OF 10
IT WAS
CIRCUMSTANCES IN IRA
IRAQ AND US POLICY TOWARDS IRAQ THAT FORCED THIS
ISSUE FORWARD FASTER

momoney12 says to (03:48:08):
I’m
guessing the viral spreading f information over the internet and dinar traders
are forcing them to rush their plans a bit?

Med says to
(03:48:44):
NO
IT IS ACTUALLY INFLATION AND THE ECONOMY

THAT FORCED IT
7 MILLION OUT OF WORK
48.5% OF THE COUNTRY
IMPOVERISHED
OR IN POVERTY
THEY NEEDED TO MOVE TO A FREE MARKET
ECONOMY
AND TO DEVEFOOL THE PRIVATE SECTOR
THEY THOUGHT INVESTORS
WOULD COME IN BRINGING BILLIONS
TO REBUILD IRAQ
IT DIDNT
HAPPEN
AND NOT ONE US COMPANY OF VALUE
HAS ENTERED IRAQ

momoney12 says to (03:52:20):
I thought Shabibi was keeping the ROI
pretty low (under 7%) for the past four or five years. I’m getting this
information from mundi btw.

momoney12 says to (03:52:30):
Are
the numbers skewed?

Med says to (03:53:26):
NO THE NUMBERS ARE
NOT SKEWED
BUT IT WAS ALMOST 0
ABOUT 8 MONTHS AGO
AND HAS
STEADILY RISEN SINCE
AND NOW IS ALOST 7%
IT WILL KEEP GOING
UP
GOODS ARE INCREASING EVERY MONTH
AND WITH NO INCREASE IN
PURCHASING POWER
INFLATION RISES

momoney12 says to
(03:55:25):
If it weren’t for dollarization, I don’t know how long he
would’ve been able to hold on to even those figures. (I don’t have a good grasp
on economics, so give me a reality check whenever I’m wrong, lol)

momoney12 says to (03:56:30):
I imagine that If they had to rely on their
own currency alone, they would’ve been hyperinflated years ago, considering the
unemployment rate.

Med says to (03:56:30):
LOL

REMEMBER
ALL OF IRAQ
EVERYTHING
ALL IMPORTS
ARE
BECAUSE OF THE USD
OR PETROL DOLLAR
THE GOI DOES NOT USE THE
DINAR
ONLY THE IRAQI STREETS ARE REQUIRED TO USE IT
AND ONLY
INTERNALLY
SINCE IT IS NOT A FOREIGN EXCHANGE CURRENCY
AND NOONE
ACCEPTS IT AS PAYMENT FOR ANYTHING

Spenditwisely says to
(04:03:35):
Med I have a ? when u get a chance

Med says to
(04:03:58):
OK SPENDIT

Spenditwisely says to
(04:04:02):
about the auctions

Med says to (04:04:05):

OK

Spenditwisely says to (04:04:19):
where r the millions of
USD in sales going

Med says to (04:04:33):
OK
THE
AUCTIONS ARE TWO PARTS
ONE PART IS FOR BUYING FOREIGN CURRENCY AND DINAR
BACK
THE OTHER IS FOR SELLING DINAR TO THE LOCAL BANKS
INSIDE
IRAQ
SINCE CBI CANNOT SELL DINAR OUTSIDE OF IRAQ
IT IS
ILLEGAL
ACCORDING TO THEIR LAWS
NOW
THE LARGE #
IS
NOT THE SALE OF DINAR
BUT FOR THE PURCHASE OF FOREIGN CURRENCIES

THE SMALL # IS THE ACTUAL CASH THEY TOOK IN FOR DINAR
NOW WHERE IS IT
GOING
TO THE PEOPLE
CBI USES THOSE FUNDS
TO PURCHASE
IMPORTS
FOR THE PEOPLE OF IRAQ
GOODS THAT WERE NOT ALLOWED TO BE
IMPORTED
BECAUSE OF THE UNSC SANCTIONS
SO THAT IS ALL I GOT

TY

Spenditwisely says to (04:08:04):
ok, so the large # is the
cost of keeping the Dinar at 1170?

Med says to (04:08:21):

WELL
NO
AND YES
SEE
IT IS A FINE LINE
SHABS
USES A DIRTY FLOAT
OR CRAWLING PEG
AGAINST THE USD
AND IT
IS THE SALE AND PURCHASE
THAT KEEPS IT WITHIN THE GUIDELINES HE WANTS FOR
A VALUE RIGHT NOW
IF RAISING TOO HIGH
FLOOD IT A BIT
TOO
LOW
REDUCE LIQUIDITY

Spenditwisely says to (04:11:29):

so it is the the buyback of Dinar and the purchase of foriegn currencies for
reserves

Med says to (04:11:39):
YES

Med says to
(04:11:48):
I MEAN THERE IS MORE TO IT THAN THAT
BUT FOR OUR
PURPOSE
THAT IS GOOD ENOUGH TO UNDERSTAND

Spenditwisely says
to (04:12:10):
I was always a little confused about the auctions TY for
the indight

Med says to (04:12:16):
NP

Med says to
(04:12:26):
AND ON A DAY
THAT YOU SEE
A VALUE IN USD

IN THAT SMALL CATEGORY
IRAQ CANNOT CHANGE THE RATE

Med says to
(04:16:01):
OK I HAVE TO LEAVE FOR A BIT
I AM NOT LOGGING
OFF
BBIAB