Med's noon chat 7/6/11

Med's noon chat 7/6/11

Med says to (12:12:09):
TO THE DINAR
I WAS TALKING TO BREWBABY
AND I KNOW I DONT GET ALL GOO GOO
OVER STUFF
MOSTLY CUZ I AM ALWAYS THINKING
WHAT NEXT
WHAT COULD THEY THROW IN THE ROAD
TO BLOCK THINGS
OR SCREW THINGS UP
AND I AM LOOKING FOR AN ANSWER TO GIVE
THE MEMBERS
JUST IN CASE
IT JUST SEEMS
THAT ALL IS COMING TO A HEAD HERE

thepainman says to (12:13:59):
yes it does

Med says to (12:14:01):
THERE WAS A LULL
FOR SEVERAL MONTHS
BUT THEN WE FIND OUT
THAT SHABIBI WAS MOVING ALONG
BEHIND THE SCENES
AND THIS SURPRISE
BY GUARDIAN
ON THE REPEAL OF THE 2004 DINAR
WAS HUGE
ALLOWING THEM TO MOVE FORWARD
THIS ALONE GIVES CBI
APPROVAL
TO ISSUE NEW CURRENCY
SO I AM KIND OF WONDERING
thepainman says to (12:15:49):
thats what excites me
Med says to (12:15:59):
JUST WHAT IS THE VOTE ABOUT
THAT PARLIAMENT HAS TO DO

thepainman says to (12:16:54):
well like you said once that gave cbi the go ahead its like what are we waiting for

Med says to (12:17:37):
THE DENOMS
ARE DECIDED ON
MeTHIS INFO
WAS AND IS
AN EXTREMELY IMPORTANT FIND
AND I AM SURPRISED IT WAS PUT OUT
FOR PUBLIC VIEW
NOW I UNDERSTAND THAT THE AVG IRAQI
WOULD NOTEVEN SEE IT
AND ACTUALLY
ANY INFO THAT COMES OUT
REALLY DOES NOT EFFECT THE AVG IRAQI
I SAID THIS BEFORE
THAT THE INTERNAL
WILL NOT CHANGE
IT WILL
AS WHEN THE NEW DINAR IS ISSUED
BUT ALL PRICES INSIDE WILL BE ADJUSTED
TO MEET THE PRICE
OR VALUE
OF THE NEW CURRENCY ISSUE
BUT
IT WILL ONLY HELP
THOSE WHO INVESTED
EXTERNALLY
IT IS INTERNALLY THAT CBI
CAN CONTROL OR ASK
OR LET'S SAY
MAKE THE IRAQI'S EXCHANGE
WITHOUT ALLOWING THEM TO BENEFIT
FROM THE NEW RATE OF THE NEW ISSUE
AND I DON'T KNOW IF ANYONE PICKED THIS UP
BUT
THE IRAQI MARKET WILL BE SHUTDOWN
WHILE THE NEW ISSUE COMES OUT
WHY?
YOU ASK
BECAUSE ALL NUMBERS WILL CHANGE
BECAUSE OF THE INTERNATIONAL IMPACT
THAT WAS ALL I HAD TO SAY ON IT
LOL

surfsidedan says to (12:25:46):
So we keep our eyes open for the shops to close

Med says to (12:26:13):
LOL

pipewrench says to (12:26:21):
med... did this repeal require a vote by parliment?

Med says to (12:26:29):
SEE

projoe says to (12:26:32):
i think we are very close to this goin down, hopefully this month yet

Med says to (12:26:34):
YES I BELIEVE IT DID

thepainman says to (12:26:35):
sorry got a client guys, will holler later thanks med

Med says to (12:26:41):
LATER PM

guardian says to (12:26:47):
need verification that people in kuwait can no longer buy iqd, i have one only

jesse888 says to (12:26:54):
(})

Med says to (12:26:59):
OK GUARDIAN
GREAT

pipewrench says to (12:27:01):
back in April?

Med says to (12:27:07):
YES PIPEWRENCH
IT HAD TO BE

pipewrench says to (12:27:18):
tyvm

Med says to (12:27:21):
ANYTHING THAT IS A LAW
AND APPARENTLY THIS WAS
TO BE AMENDED
OR REPEALED
HAS TO BE VOTED ON BY PARLIAMENT
THESE ARE ARTICLES
AS IN THE CONSTITUTION
ALL AMENDMENTS
MUST HAVE A VOTE
AND ACCORDING TO THIS

projoe says to (12:28:23):
i thought the rv would happen with sanctions lifted but it seems they are doing little steps at a time

Med says to (12:28:31):
PROJOE
REMEMBER

pipewrench says to (12:28:35):
to me it looks to have been repealed and replaced

Med says to (12:28:37):
THIS JUST HAPPENED
THE SANCTIONS YES
ARE ALL OVER WITH
THEY HAVE NO RESTRICTIONS
BUT THEY ALSO MUST DECIDE
WHAT TO DO WITH THE NEW FREEDOMS
THEY HAVE JUST ACQUIRED
THIS HAS NOT BEEN A THOUGHT FOR 20 YRS
AND WAS THERE ANY INKLING
THAT IRAQ WAS GOING TO BE RELEASED
BY THE UN
ANYTIME SOON
WE HAVE WAITED FOR THIS
ON THE EDGE OF OUR SEATS
FOR OVER 2 YEARS
WHERE WE EXPECTED IT
WHEN MALIKI CAME TO THE U.S.
TO TRY TO GET THE UN TO RELEASE THEM
AND IT DIDN'T WORK

WASwearingen says to (12:31:33):
the market shutdown will probably handled the same way roosevelt did the banking holidays in the early 30s ,,,,,,its there but you cant use it for a week to adjust things

projoe says to (12:31:38):
so the un must know that they will rv or else they wouldnt have released them correct?

Med says to (12:31:45):
NO
THIS I BELEIVE
FOR THE UN
HAS NOTHING TO DO WITH THE RV
THE RV IS BIGyw
BUT
INTERNATIONAL TRADE
IS MORE IMPORTANT
LONGTERM
AS WAS MENTIONED
THAT THEY CAN NOW JOIN THE WTO
THIS MONEY
THAT WILL OR SHOULD BE GAINED
BY THOSE WHO INVESTED
WILL BE SHORT TERM
YES IT WILL IMPACT
BUT AGAIN SHORT TERM
THOSE ENTITIES ARE LOOKING AT THE BIG PICTURE
THE LONG TERM
AND THE THING THAT MAKES MONEY
IS TRADE
FOR ALL COUNTRIES
WHAT MADE JAPAN
WHAT MADE CHINA
KOREA
I MEAN IT IS TRADE
AND MOSTLY WITH US
WE CAN MAKE OR BREAK CHINA'S ECONOMY
AND WITH PRICES THE WAY THEY ARE
JUST IN FUEL
I BET CHINA IS JUST REELING
AS THEY WERE WHEN IT FIRST HIT UNDER BUSH
I HAVE A ?
FOR THOSE WHO UNDERSTAND THE MARKETS
I KNOW AND UNDERSTAND WHAT INCREASING THE PURCHASING POWER OF THE USD MEANS FOR US
BUT
JUST WHAT IMPACT ON MY LIFE
DOES THE STOCK MARKET HAVE
IT SEEMED
WHEN IT WAS UP
I LIVED THE SAME
AND DOWN
I LIVED THE SAME
THE ONLY THING THAT HAS IMPACTED MY LIFE
IS THAT THIS CURRENT ADMIN
MANIPULATED THE COLA FIGURES
TO SHOW THAT NOTHING INCREASED
TO MAKE MY LIFE MORE EXPENSIVE
LYDIA ASKED ME THAT TODAY
I TOLD HER
THAT IN THE LAST TWO YEARS
I HAVE LOST ABOUT $600 IN COLA PER MONTH
AND THAT PRICES HAVE JUMPED SO MUCH
THAT IT MAKES IT LOOK LIKE WE ARE NOT DOING RIGHT WITH OUR MONEY
AND IT IS NOT THAT

tmac096 says to (12:40:14):
amen to that you are not alone brother!

Med says to (12:40:14):
GAS IS WHAT
ABOUT 1.50 MORE
THAN TWO YEARS AGO
AND FOOD
AND JUST TO HEAT YOUR HOME
AND ELECTRICITY
JUST WHAT DID THIS ADMIN USE
TO SHOW THAT IT IS THE SAME FOR ME TO LIVE
AS IT WAS 3 YRS AGO
THE ONLY THING THAT HAS DROPPED
FOR ME
IS MY HOUSE PAYMENT
AND ONLY BECAUSE
FHA

pipewrench says to (12:41:59):
med... you act as though tou've never been lied to before. lol

Med says to (12:42:07):
HAS TO CONTACT YOU IMMEDIATELY
WHEN THE RATE DROPS
NO I KNOW IT WAS BS
JUST
I DONT UNDERSTAND
WITH ALL THE ORGANIZATIONS
THAT FOLLOW THIS
WHY NOTHING WAS EVER SAID
OR QUESTIONED

WASwearingen says to (12:43:03):
we are dying on the vine out here

guardian says to (12:43:08):
diesel up in price means higher food transportation costs...trickles down to us

Med says to (12:43:17):
YES EXACTLY GUARDIAN

alk4316 says to (12:43:22):
the price you pay for everything is affected by the price of gas but how the gas price affects the market is how the market will affect the people JMO

RibuLibon says to (12:43:26):
Not much, because your pension is from the gov't, and they are not invested in the market as would be a 401K or IRA, mutual funds, etc. So the market swings have little influence on a govn't employee as far as impact.

Med says to (12:43:39):
OK RIBU
TY

guardian says to (12:43:45):
oil seems to be the culprit or what's driving the price of oil up is

Med says to (12:43:50):
IT WAS SHOULD I WORRY
ABOUT THE MARKET
OR NOT

RibuLibon says to (12:43:55):
Check out: [You must be registered and logged in to see this link.]

WASwearingen says to (12:44:14):
eyhanol has driven up the cost of corn...which means higher prices for feed for livestock

tmac096 says to (12:44:16):
look at the cost of corn, since they are taking 1/4 of the crop for ethanol, which is reqires a gallon and a half of corn oil to make a gallon of ethanol.

pipewrench says to (12:44:28):
150 yrs ago, it cost about $20 gold to buy a new suit of clothes

RibuLibon says to (12:44:29):
For a Govn't pension... not much involvement or concern IMO. Med

pipewrench says to (12:45:09):
today that $20 gold piece is about $1,500 usd

lawlesslucy says to (12:45:23):
did med finish?

Med says to (12:45:28):
OK RIBU
TY

pipewrench says to (12:45:32):
about the cost of a fine suit of clothes

RibuLibon says to (12:45:37):
URW!

Med says to (12:45:37):
NOW LOOK AT THAT CHART

guardian says to (12:45:39):
imf wants the U.S. to raise its debt ceiling

Med says to (12:45:41):
SINCE 1975
THERE HAS BEEN A COLA
AND IN 2008
IT ROSE 5.8
AND THEN ALL OF A SUDDEN
ALL PRICES JUST STAYED THE SAME
ESPECIALLY SINCE
THE USD
HAD LOST .22 CENTS
IN PURCHASING POWER
NOW YES IT HAS REBOUNDED
BUT I DON'T WANT TO EAT REIMAN NOODLES
AND FRIGGIN RICE EVERYDAY
I WROTE MY CONGRESSMEN
ABOUT THIS

guardian says to (12:47:43):
or beans

Med says to (12:47:48):
AND ASKED HIM NOT TO GIVE ME A MENTAL BJ
OVER IT
CUZ I HATE THAT
ACTUALLY HE WAS PRETTY COOL
HE SAID THAT THEY DID MANIPULATE THE COLA
TO SAY EXACTLY WHAT THE ADMIN WANTED
AND IT WAS ONLY TO CUT FUNDING
AND PUT IT SOMEWHERE ELSE
I WILL BET
THAT IF TRUE FIGURES WERE USED
THE NEXT COLA
WOULD BE IN DOUBLE DIGITS
AND IF THE DEBT CEILING IS RAISED
THEN I WOULD GUESS THAT SO WILL THE COLA SHOW UP
NEXT FALL
NOW WE ARE UNDER 2010
TILL OCTOBER
AM I CORRECT

guardian says to (12:50:25):
true

Med says to (12:50:28):
OK
I THOUGHT SO
I HOPE NOONE IS UPSET I AM DISCUSSING THIS
IT WAS JUST ON MY MIND

guardian says to (12:51:12):
can't keep raising the debt ceiling imo

Med says to (12:51:19):
AND WE HAVE SOME VERY INTELLIGENT PEOPLE
I AGREE

guardian says to (12:51:25):
have to make big cuts

Med says to (12:51:28):
SPENDING HAS TO STOP
ESPECIALLY ON THE PORK STUFF
WHY DO WE GIVE AID TO CHINA?
ANSWER ME THAT

guardian says to (12:51:55):
we keep telling them, but they don't listen

Med says to (12:52:00):
NO THEY DON'T

lawlesslucy says to (12:52:01):
stupid!

Med says to (12:52:05):
IT IS
ISNT IT
WE OWE THEM 800 BILLION

pipewrench says to (12:52:17):
no med, it needs to be discussed at length, by all in this country

Med says to (12:52:18):
AND WE GIVE THEM AID
I KNOW PIPE

pipewrench says to (12:52:31):
and often

Med says to (12:52:33):
I JUST KNOW THAT MANY COME ON
AND WANT TO KNOW WHAT IS GOING ON
WITH THE INVESTMENT
WHICH THE LAST TWO DAYS
LOTS HAS
AND WE HAVE DISCUSSED IT ALLOT

pipewrench says to (12:53:07):
this affects everyone everyday

Med says to (12:53:18):
I WAS LOOKING AT THE LONG TERM
FOR EVERYONE

lawlesslucy says to (12:53:29):
we've been sold out by our congressmen and senators

pipewrench says to (12:53:33):
and we should not disreguard it

Med says to (12:54:02):
THE TARP BACKFIRED
ON US

pipewrench says to (12:54:08):
ever

Med says to (12:54:11):
AND THE BANKS HOSED US
PRETTY BAD
THEY ARE ADVERTISING UP HERE
ALLOT
ON THAT
EVERYDAY ADDS ARE RUN
ON HOW THE BANKS DID NOT USE THE TARP
AS THEY HAD AGREED TO

lawlesslucy says to (12:54:49):
their CEO'S SURE prospered

Med says to (12:54:59):
IN SUPPORTING SMALL BUSINESS
I AGREE LUCY

pipewrench says to (12:55:08):
if we want to keep our freedom that brave men and women like you have fought and sacrificed for