Med's Chat on 4/13/11 @ 08:36 AM CDT

Med's Chat on 4/13/11 @ 08:36 AM CDT

Med says to (08:36:29):
OK GANG
THE COUNCIL OF PAYMENTS IS NOT TO DO WITH THE RV
THE COUNCIL OF PAYMENTS HAS TO DO WITH THE ELECTRONIC PAYMENT SYSTEMS
THAT THE CENTRAL BANK PUT IN PLACE
FOR ALL GOVT AND PRIVATE BANKS
AND THAT IT IS A 3 YR PLAN
DOESN'T ANYONE READ
LOL
IT HAS NOTHING TO DO WITH A 3 YR PLAN FOR THE RV
Advisor to the Central Bank announced the appearance of Mohammed Salih from the formation of the financial payments, which will take place protocols and agreements and transactions undertaken by banks
governmental and non-governmental organizations, particularly with regard to the electronic computing programs and the introduction of cash to work.
Saleh added that the council which would be managed jointly by the Central Bank of membership of the Ministry of Finance, the Integrity Commission, the Office of Financial Supervision, banks, government and private.
THAT IS YOUR 3 YR PLAN ON THE COUNCIL OF PAYMENTS
DOES IT SAY ANYTHING ABOUT MOVING THE DINAR SLOWLY
OVER 3 YRS

starlord6d6d says to (08:40:00):
nope

Med says to (08:40:03):
TY

starlord6d6d says to (08:40:10):
dinar moving very fast
morning Med, how are you today?

Med says to (08:40:32):
DOES NOT ANYONE LIKE KNOW WHAT OPEN MARKET MEANS
I AM GREAT
OPEN MARKET MEANS
THAT WHEN THE DINAR HITS THE OPEN MARKET
CBI NO LONGER CONTROLS IT
IT IS MARKET DRIVEN
EITHER USED IN A BASKET
OR A PURE OR PARTIAL FLOAT
NOW SHABIBI ALREADY HAS STATED
HE IS LEANING TO A BASKET
IT IS SAFER AND MORE STABLE
NOW ALSO
WHAT DID THE IMF TELL IRAQ
ON USING TWO OR MORE CURRENCIES TO MAKE PAYMENTS IN THE FUTURE

starlord6d6d says to (08:42:41):
that they could not

Med says to (08:42:47):
TY
SO IN ORDER FOR IRAQ TO MAKE INTERNATIONAL PAYMENTS
USING THE DINAR
WHAT HAS TO HAPPEN......THEY HAVE TO HAVE A FOREIGN EXCHANGE CURRENCY

Dinar Brutus says to (08:43:33):
Giggity
starlord6d6d says to (08:43:37):
yes, and so they must RV!

Med says to (08:43:42):
AGAIN.....
IF THEY WERE GOING ON SOME TYPE OF SLOW GROWTH
THEN WHY WERE OTHER ECONOMISTS
COMPLAINING THEY WERE GOING TO HIGH OUT OF THE GATE
AND THAT THEY HAD CONCERNS ABOUT IT
IF YOU ARE GOING ONLY TO 1000 USD PER 1 MILLION IQD
WHICH IS ONLY A MOVE OF 170 PIPS
AS ALI MENTIONED
THIS IS NOT A SHOCK TO THE ECONOMY
IN MAY OF 2010

mustangsally42 says to (08:45:39):
why would he tell that

Med says to (08:45:45):
CBI SAID THAT THE DINAR HAD A GROWTH RATE OF 3% PER MONTH
SO FIGURE WHAT THE REAL VALUE OF THE DINAR IS
IF IT HAS GROWN 3% PER MONTH AT 1170
TILL NOW
IT IS WELL UNDER THAT 1000 NOW FOR REAL VALUE
SALLY I WENT INTO THIS ALREADY YESTERDAY
HE IS PLAYING US

starlord6d6d says to (08:47:09):
he's perhaps just trying to pump sales

Med says to (08:47:13):
HE SERVES ONE MASTERAND IT IS NOT US

mustangsally42 says to (08:47:20):
i was just going with you on that

Med says to (08:47:27):
OH OK
TY HON

The Baron says to (08:47:40):
isn't lift 3 zeros refering to the new Dinars ?

Med says to (08:48:06):
DINAR IS DINAR
WHATEVER THE RATE OF EXCHANGE IS FOR THE DINAR
IT WILL BE THE SAME FOR ALL
YOU CAN'T HAVE IT BOTH WAYS
IT IS UP TO IRAQ TO GET IT BACK
THEY CAN CONTROL IT INSIDE THE COUNTRY
BUT NOT OUTSIDE

dallasgto says to (08:49:19):
Good morning Med, it's nice to finally be on at the same time you are. Hope all is going well with you. Haven't spoken with you in quite some time. Good to see all your answers for all the many questions. You are priceless!

Med says to (08:49:20):
AND ALI HAS SAID THAT THE NOTES YOU HOLD
WILL BE OF THE VALUE OF THE EXCHANGE RATE
AND HE SAID HE WAS GUARANTEED THAT

starlord6d6d says to (08:50:04):
once the RV'd dinar is exchanged into banks, even here in the US, it will perhaps more easily controlled because banks here will hold onto it as stability or such, right?

Med says to (08:50:07):
NOW IF YOU GO BACK FROM THE MONTHS OF ARTICLES
THE BANKS WON'T HOLD IT
BUT THE US WILL

starlord6d6d says to (08:50:29):
ah ok

Med says to (08:50:38):
AND THEY CAN USE IT FOR PAYMENTS
AND ALSO AS FOREIGN CURRENCY ASSETS
BUT A COUNTRY DOES NOT TOO MUCH OF ONE CURRENCY

starlord6d6d says to (08:51:06):
yes, that's what I was thinking

Med says to (08:51:19):
JUST IN CASE IT TUMBLES
YOU WANT A MIX

starlord6d6d says to (08:51:30):
true, we have to have a balance in the basket
The Baron says to (08:51:38):
27 trillion is a lot of debt. US is what? 12 Trillion.

Med says to (08:51:43):
YES EXACTLY
YES IT IS
AND 9 TRILLION IS IN IRAQ
AND THAT IS ALL THEY HAVE CONTROL OVER

starlord6d6d says to (08:52:20):
ouch, we should get Iraq to reimburse us for the cost

Med says to (08:52:44):
I AM SURE THAT IRAQ THROUGH THE IMF
HAS MADE ARRANGEMENTS TO NOT HAVE IT ALL DUMPED ON THEM
OR IT WOULD BANKRUPT IRAQ
AND WITH THE IMF APPROVAL
AND THE WB
THEY WILL BE CARRIED ON THIS

starlord6d6d says to (08:53:34):
true, the IMF will act as a dam on a river and perhaps control the flow

Med says to (08:53:50):
IRAQ HAS ENOUGH ASSETS IN THE GROUND
TO COVER ANY RV
ALONG WITH GOLD AND NATURAL GAS
EVEN AT 200 BILLION BARRELS IN RESERVE
LETS SAY
THE PROFIT IS 50 PER BARREL
X THAT BY 200 BILLION
AND YOU HAVE THEIR ASSETS

The Baron says to (08:55:00):
I think we discussed a few months ago that Iraq is worth 50 plus Trillion.

Med says to (08:55:06):
TY
YES WE DID
BUT AS YOU KNOW BARON
SOME HAVE SHORT MEMORIES
THEY WORRY
AND ? THEIR KNOWLEDGE

tudor says to (08:55:48):
who chooses what countries would be used in a basket with Iraq?

Med says to (08:55:55):
THE IMF

tudor says to (08:55:59):
thanks

Med says to (08:56:03):
BUT THE DINAR IS PEGGED AGAINST THE USD
SO IT WILL BE LANACHY SAID
MOST LIKELY
3 OF THESE 4 COUNTRIES
USA
UK
EU
JAPAN
THAT IS THE BASKET

tudor says to (08:56:55):
ok thank you Med

Med says to (08:56:59):
YW

Dinar Mark says to (08:56:59):
Tring to sit on my hands , and hope this isn't a dumb ? What is puzzling me, is why are they coming out with all of this news and conversation on the Dinar, if they were not going to do something pretty quick. Speculators will be jumping all over this, or is this some kind of ruze? Is this "not everything is as it seems. I am so scared this is another peek of the roller coaster ride, and scared it really might happen.

Med says to (08:57:13):
YOU KNOW DM

bighope4us says to (08:57:17):
Heard on 35% of Iraq has been explored for oil. Leaves 65% for more potential

Med says to (08:57:24):
YOU ARE GOING TO HAVE TO ASK SHABIBI
ALL I CARE ABOUT
IS IT IS GOING TO PARLIAMENT
AND THAT THEY DECIDED TO STOP THEORY

The Baron says to (08:58:01):
Thursday

Med says to (08:58:05):
AND PUT IT INTO PRACTICE
NO CLUE
ON THE DATE

tudor says to (08:58:20):
those are great words

Med says to (08:58:23):
ONE THING MANY HAVE TO STOP
IS TRYING TO READ BETWEEN THE LINES

starlord6d6d says to (08:58:37):
I would think that for the mometn until the dinar is on Forex, speculators are very limited, because they can only access what is still avaiable out side Iraq and I would think that is pretty much it
Dinar Mark says to (08:58:42):
Thanks Med

Med says to (08:58:45):
YW
NOW YES COULD IT CAUSE SPECULATION
MAYBE IF DINAR WAS AVAILABLE TO SELL
LIKE IT WAS BEFORE
BUT IT IS NOT

Dinar Mark says to (08:59:22):
Med, Do you have the e-mail ready to send to DS???????

Med says to (08:59:32):
HUH

The Baron says to (08:59:33):
Thank you Med. Reading these news articles without you is confusing.

Med says to (08:59:41):
YVW
HERE IS ONE THING
NO MATTER HOW THIS PLAYS OUT
IT WILL BE DONE
AND THIS YEAR
YOU WILL KNOW WHERE YOU ACTUALLY STAND
AND THE WORRY WILL BE OVER
THE ANSWERS WILL BE THERE

dallasgto says to (09:01:16):
Without you Med, it would be like being on any other site; lost in the mud of speculation. Can't tell you how much we respect and count on you. Thank you my friend.

Med says to (09:01:34):
YVW DALLAS
THAT WAS VERY KIND OF YOU

starlord6d6d says to (09:01:46):
I have not worried on this investment at all, when I started in late 04' till now, the fasts are before us, read em, understand em and educate ourselves as to what is happening
facts*

Med says to (09:01:59):
YES

dallasgto says to (09:02:03):
I'm serious and can't wait to meet you one day soon.

indian 1 says to (09:02:11):
AND MED IS THE MAN!!!!!!!!!!!

The Baron says to (09:02:16):
Me too

Med says to (09:02:17):
AND UNTIL THE FACTS ARE THERE FOR US
TO KNOW FOR SURE
I AM GOING WITH WHAT IS THERE NOW
NOT SOME TRADER
WHO HAS NOTHING TO BACK IT UP

starlord6d6d says to (09:02:49):
traders have their own motives

Med says to (09:02:54):
DAMN RIGHT
AND HERE IS ONE THING
OVER ALL THE YEARS

bighope4us says to (09:03:12):
thanks for all you do

Med says to (09:03:14):
HE HAS NEVER WANTED TO COMMIT
HE SAID HE WAS NOT ALLOWED TOO
THAT IT WAS ILLEGAL FOR HIM TO GIVE OUT INFO LIKE THIS

mustangsally42 says to (09:03:46):
thats what i was wondering why now?

Med says to (09:03:51):
NOW HE CAN
WHY
WHAT ARE THE MOTIVES

starlord6d6d says to (09:04:08):
to pump sales?

Med says to (09:04:08):
I SUPPOSE THE TWO HOMES IN MALIBU

The Baron says to (09:04:10):
sell Dinar

Med says to (09:04:11):
AND THE YACHT
AND THE TWO BANKS
HE HAS ARE FINALLY ENOUGH

mustangsally42 says to (09:04:26):
whos pumped at 1000 to 1
Dons says to (09:04:40):
you are our rock THANKS MED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!! (L)

Med says to (09:04:48):
NOT ME SALLY
BUT THERE IS NOTHING TO BACK UP

mustangsally42 says to (09:05:01):
me either

Med says to (09:05:06):
A 1000 TO 1 RV
NOTHING

mustangsally42 says to (09:05:14):
nope

Med says to (09:05:34):
IT STATES IN PAST ARTICLES
THAT THEY WERE REMOVING 3 ZERO'S FROM THE NOMINAL VALUE
THE NOMINAL VALUE IS .00086
NOW AT 1000 TO 1
HOW DOES THAT IMPROVE PURCHASING POWR
OR ENHANCE THEIR STAND IN THE IMF
OR HOW DOES IT CLOSE THE GAP BETWEEN THE USD AND IQD

DarkHorse says to (09:06:50):
I Dose'nt

Med says to (09:07:00):
AS BOTH THE IMF AND WB STATED THEY HAD TO DO
UNTIL I HAVE ANY UPDATED FACTS
ON THIS

starlord6d6d says to (09:07:37):
though that is a question, with taking off the 3 zeros from the rate, would the IMF or powers that be allow Iraq to have a slightly higher rate than the .86?

Med says to (09:07:41):
I AM STICKING WITH WHAT I KNOW
I DOUBT IT

starlord6d6d says to (09:08:02):
ok,

Med says to (09:08:07):
I THINK THIS IS A STRETCH

guardian says to (09:08:08):
when they say purchasing power, part of that could mean the low denoms, along with a higher rate
mustangsally42 says to (09:08:17):
.86 is great
starlord6d6d says to (09:08:25):
yes, .86 is nice

Med says to (09:08:27):
YES THAT IS TRUE GUARDIAN

guardian says to (09:08:42):
yes

Med says to (09:08:42):
BY REMOVING OR RETIRING THE LARGE DENOMS
AND REPLACING THEM WITH SMALLER ONES WITH THE NEW RATE
WILL GIVE THEM IMPROVED PURCHASING POWER
BUT COMMON SENSE WILL TELL YOU

guardian says to (09:09:24):
right on that med
starlord6d6d says to (09:09:36):
and they also want the people of Iraq to start using more those Visa cards right, so as not to have to carry cash?

Med says to (09:09:36):
THAT CBI DOES NOT WANT PEOPLE RUNNING AROUND WITH NOTES
THAT ARE WORTH LIKE $22,000 USD
YES THIS OPENS UP MANY VENUES

Dons says to (09:10:20):
all makes so much more sense when you break everythink down thanks med!!!!!!!!!!!!!!!!!!
guardian says to (09:10:25):
gives it away that they will raise the rate

Med says to (09:10:35):
YES

starlord6d6d says to (09:10:40):
I'd like to be able to put in a bank of ATM's and charge just .50 in dinar, I could make a mint in a year.

Med says to (09:11:09):
CBI DID ALLOT IN THE LAST 3 YEARS
TO CURB SPECULATION
AND HOW DID THEY DO THAT
ANYONE KNOW

indian 1 says to (09:11:42):
DIRTY FLOAT
guardian says to (09:11:46):
1170

Med says to (09:11:46):
NOPE
NOPE

starlord6d6d says to (09:11:53):
control the rate, stop the flow of cash over the boarder

Med says to (09:11:58):
YES
THAT IS RIGHT

starlord6d6d says to (09:12:09):
and 1 other thing that escapes me

Med says to (09:12:14):
THEY ALSO BROUGHT IN LIQUIDITY

starlord6d6d says to (09:12:19):
yes, that is it

Med says to (09:12:19):
AND REDUCED SALES
TO ONLY WHAT IS NEEDED
INSIDE IRAQ
ALSO I DONT KNOW IF YOU ALL MISSED THE ARTICLE

Dinar Mark says to (09:12:45):
Seem like an end point

Med says to (09:12:48):
ON CBI
AND THEY WERE UPSET
THAT BANKS WERE APPARENTLY HOARDING DINAR
AGAINST POLICY OF CBI
CBI'S POLICY IS THAT 90% OF HARD CURRENCY
IS TO BE IN CIRCULATION WITH THE PEOPLE
AND ONLY 10% BY THE BANKS
THE LATEST CBI HAS
IS THAT IT IS REVERSED
THAT ONLY ABOUT 10% IS IN CIRCULATION
AND THE BANKS HAVE BEEN HOLDING THE REST
THIS CAME OUT WHEN THE BANKS WERE CONTINUALLY SENDING DINAR BACK TO CBI
TO BE REPLACED
CBI HAS CONCERNS ON WHY
WHY ARE THEY SENDING SO MUCH
IN IRAQ
AND SHABIBI DOES FOLLOW THIS
TO THE LETTER
THE DINAR IS NOT THE GOVTS
IT IS NOT CBI'S
OR MOF
IT BELONGS TO THE PEOPLE
IF IRAQ WANTED PURCHASING POWER AT THE RATE ALI SAID
THEN THEY DIDN'T NEED APPROVAL FROM PARLIAMENT

tudor says to (09:17:25):
I like this line from yesterdays great post from the CBI. "This project will reduce the cost of transactions and reduces the carry cash,"

Med says to (09:17:42):
THEY COULD HAVE JUST CONTINUED THE SLOW PIP GROWTH
AND IT WOULD HAVE COME OUT THE SAME
ALSO
THINK OF THIS
LAST YEAR
WHEN THIS ALL FLARED UP
THE OLD MIN. OF FINANCE
AS LATE AS NOV 2010
SAID THEY HAD ENOUGH IN ASSETS TO COME OUT 1 TO 1
AND SHABIBI SAID HE HAD TO DO IT
TO BOOST THE ECONOMY
AND CONTROL INFLATION
DOES ANYONE ACTUALLY THINK
MOVING THE DINAR 170 PIPS
WILL CONTROL INFLATION
OR BOOST THE ECONOMY

tudor says to (09:21:15):
not one bit
starlord6d6d says to (09:21:15):
nope, it will not
mustangsally42 says to (09:21:29):
how could it

Med says to (09:21:36):
AND TBI IS NOT CBI
THEY ONLY GET RUMORS
OF WHAT MAY COME DOWN
CBI'S PLANS ARE KNOWN BY ONLY A FEW
AND THAT IS SHABIBI AND SALEH

starlord6d6d says to (09:22:35):
and they are keeping them tight to the chest

Med says to (09:22:49):
SHABS HAS FOR YEARS
HE IS DEFINATELY NOT A CHATTY GUY

starlord6d6d says to (09:23:38):
I guess when you are in money you really can't be chatty, bad for business
Dinar Mark says to (09:23:39):
If they are staying so tight to the vest, why did they release all of this information?

Med says to (09:24:03):
WHAT DID HE REALLY RELEASE
HOW DID IT HURT THEM

Dinar Mark says to (09:24:14):
?

Med says to (09:24:28):
AND IS NOT IRAQ IN A TURMOIL

starlord6d6d says to (09:24:31):
because it is so close to happening, there is little outsiders can do as far as speculation and it does not hurt to tip their hand a little

Med says to (09:24:42):
AND DID NOT SALEH SAY HELP WAS COMING

starlord6d6d says to (09:24:47):
yes
Dinar Mark says to (09:24:53):
Yes

Med says to (09:24:54):
THIS IS FOR THE MORALE OF THE PEOPLE

mustangsally42 says to (09:24:59):
Thanks Med work calls

Med says to (09:25:08):
YW
THE PEOPLE NEED TO KNOW THAT THINGS ARE CHANGING

Dinar Mark says to (09:25:33):
A shot in the arm, so to speak

Med says to (09:25:36):
YES

guardian says to (09:25:41):
was discussed on iraq tv to ease the people
starlord6d6d says to (09:25:45):
to gain confidence in the government

Med says to (09:25:51):
YES IT WAS
TY FOR REMEMBERING HON

pichotta says to (09:26:12):
So when does parliment vote on this or do they

Med says to (09:26:27):
REMEMBER THE LAST THING THEY SAY GOES GUARDIAN
YOUR MEMORY
LOL

starlord6d6d says to (09:26:37):
don't they just need to "give their blessings" so to speak

Med says to (09:26:44):
PICHOTTA

pichotta says to (09:26:49):
Sorry

Med says to (09:26:51):
DID YOU READ THE POSTS

guardian says to (09:27:01):
that's a feat in itself sometimes, remembering lol

Med says to (09:27:06):
LOL

pichotta says to (09:27:06):
Yes but I have been in heavy pain for one week and a little woozy sorry
38cabo says to (09:27:13):
good morning med ... how big a part do you think the imf is playing right now ?

Med says to (09:27:14):
OK

Mountainman says to (09:27:22):
Yawn... Stretch... Scratch... Ahhh... oops Good Morning All....

Med says to (09:27:43):
WELL IT SAYS IT IS GOING TO PARLIAMENT FOR APPROVAL
SO YES THEY VOTE