Post From Dinar Updates 3-11-16
Chat Room Excerpts & Highlights
Dinar Updates Friday AM Chat 3-11-16 Part 1 of 3
jtank says():what do u think of the bond sales-- not much money from sales--?
jtank says():Md was implying the 15th was a date to consider because of the bond sales on that date--dunno
designbyg says():i wouldnt expect a rush of sales....but the fact bonds are available is good....
designbyg says():and these bonds are 'international' yes?
jtank says():dunno- guess so
designbyg says():i believe they are....all part of the plan i expect....wether they sell large volumes or not...its all good....
jtank says():as long as they keep on moving forward--
jtank says():well i dont think the sales will help their situation at all--
~~~
Chat Room Excerpts & Highlights
Dinar Updates Friday AM Chat 3-11-16 Part 1 of 3
jtank says():what do u think of the bond sales-- not much money from sales--?
jtank says():Md was implying the 15th was a date to consider because of the bond sales on that date--dunno
designbyg says():i wouldnt expect a rush of sales....but the fact bonds are available is good....
designbyg says():and these bonds are 'international' yes?
jtank says():dunno- guess so
designbyg says():i believe they are....all part of the plan i expect....wether they sell large volumes or not...its all good....
jtank says():as long as they keep on moving forward--
jtank says():well i dont think the sales will help their situation at all--
~~~
designbyg says():once this reform program gets to a point where the currency means something, watch sales then....
jtank says():the reserves they have left wont even come close to what they want to do in Iraq- abouth 100 bil usd short
jtank says():unless they get money from somehere or reval
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():Good morning IEA reports oil prices have probably bottomed and emerging market currencies
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():are ralling big
jtank says():larry-- the bonds on sale the 15 are international
jtank says():goin good thx
larrykn says to jtank():not sure about international but if they don't raise the rate they will be worth nothing
clay says to larrykn():GM :)
jtank says():waste of time like all the other bond sales
wmawhite says():If you are in the USA and you buy the U.S. Savings Bond does it matter what the exchange rate is of the USD? Answer: No, because you are buying the savings bond with the USD inside the USA. This is the same scenario with the domestic bonds in Iraq.
arrykn says to LLN65():except Iraq has no value at this time, those bonds that are to pay 6% interest would not pay anything at 1182 it would cost them more then they are worth
LLN65 says to larrykn():good point
wmawhite says():folks,.........if the USD was worthless and you bought US Savings Bonds with worthless USD does it matter? The answer id NO. The vale of the IQD has nothing to do with those bonds.
larrykn says to wmawhite():the price of the bonds I can see that, who cares but now they are talking about the interest off those bonds , how much interest would you get at 1182, I don't think they will find many buyers IMO
clay says to larrykn():Im with you
wmawhite says to larrykn():to the Iraqi citizen receiving 6% of 1182 IQD is 70.92 IQD.
larrykn says to wmawhite():which would buy them what ??
wmawhite says():Folks,..........the issue that are solely enternal to Iraq has very little to do with what we are waiting on. The CBI/GOI could sell domerstic bonds and receive payment in apples or gold or silver. That has nothing to do with the moving into Article 8 and the acceptance of the international financial community of the IQD.
wmawhite says():domestic
clay says to wmawhite():got ya
R&R says():A U.S. Series EE savings bond can be bought for $25 and has a rate of 0.10%. Compare that to the Iraqi National bond, smallest denomination is 100,000 dinar ($90) and has a rate of 6%.
R&R says():Or a better comparison would be a 2-year U.S. T-Bill, with face value $1,000 and a current rate of about 1%. For the same $1,000 (or 1 million dinar approx.) an Iraqi could buy 10 national bonds, and get 6 times the interest what we get here.
wmawhite says to R&R():Thank you and good points.
billuke says():To me, 6% is 6%, no matter what the rate of the currency is, because prices of goods in a country are reflective of what the current currency rate is.
larrykn says():so for a country that does not trust their banks you think they would want to put their money in the banks to buy these bonds to get 6% interest???
wmawhite says():another example is again buying a US Savings bonds in your city , of course with USD, has nothing to do with the USD's exchange value with Japan, China, Great Britian,etc, etc.....same with the domestic bonds of Iraq......they nothing to do with its current value.
billuke says():No I don't. But unless the rate changes and make these bonds attractive, it will fail again
larrykn says to billuke():that I agree with :)
wmawhite says):Inside the USA $1 = $1. Inside Iraq 1 IQD = 1 IQD. A currency only has value when it is compared to another currency. It is not relevent when comparing to itself.
wmawhite says():It is the same as comparing yourself to yourself.
clay says to billuke():I agree GM
wmawhite says():You have nothing to gauge yourself to.
billuke says to wmawhite():So Iraqis buying these bonds at 6% is better than 0%, even at the current currency rate - again supposing they trust their banks, if I'm following you correctly.
wmawhite says():Let me ask this: to an Iraqi what changes with the domestic bonds if today the IQD becomes value at 1 IQD =$4.00? What changes inside Iraq with the bonds? Nothing.
larrykn says():but the question again is who will buy them, I see no incentive to do such a thing
billuke says to wmawhite():agreed
Pablo says():Are these bonds available to outsiders?
wmawhite says to larrykn():Why do you continue to accept being paid with USD?
wmawhite says to Pablo():If you travel to Iraq and walk into a bank and buy one.
Pablo says():Not the safest of journeys.
larrykn says to wmawhite():why are you talking about usd, I'm talking about iqd
larrykn says to wmawhite():people here except the usd for what it is, over there not so much
wmawhite says to larrykn():If you lived in Iraq it has value in Iraq.........you are comparing it outside of Iraq and that is not relevent.
Pablo says():But an outsider wouldn't be all that inclined to buy without an incentive and keeping the rates as they are is not an incentive.
Larrykn says to wmawhite():but my point is the people do not trust the banks , they have been ripped off over and over again, what incentive do they have to try it again
billuke says to larrykn():in other words, 6% growth is 6% growth, no matter the rate of the currency in that country
wmawhite says to larrykn():That has nothing to do with the selling of the bonds.
larrykn says to wmawhite():but is that enough for people to go back to the banks??
wmawhite says to billuke():Exactly
wmawhite says to larrykn():two different subjects........
larrykn says to wmawhite():again 6% of 1182 and 6% of lets say $3 is a big differents
wmawhite says to larrykn():The discussion was the value of the IQD and the buying of the bonds
larrykn says to wmawhite():no its been my point
wmawhite says to larrykn():No,..........for example........the value of the USD inside the USA is not relevent to the value of the USD in Britian or Japan.
billuke says to larrykn():correct, but 6% of a 1182 rate in any particular country is still 6% growth, because the goods in that country (Iraq) is reflective on 1182.
wmawhite says to larrykn():What is the difference with the domestic Iraqi bonds today or tomorrow if tomorrow the IQD values at $3 per 1 IQD? What is the difference inside Iraq? Answer: Not a thing.
larrykn says():ok, I understand your point enough said, lets see who buys them at 1182
wmawhite says to larrykn():The key here is: inside Iraq because a IQD = to a IQD
larrykn says():of course if they buy them at 1182 an they change the value that would be a different story
wmawhite says to larrykn():We don't care because it has nothing to do with what we are waiting on........or at least I don't care.
wmawhite says to larrykn():No.........that is not so........inside Iraq there is no change in value.......you have to take your IQD and leave the country to see the change.
clay01 says():the thing I found interesting about the bonds was not the 6 percent but in the low amount that they would be sold, at 1182, not a lot of value, but at 1.00 a lot of value
wmawhite says():This is nuts.........
elliscole2002 says():lol
clay01 says():we get your point, but you dont see ours
wmawhite says():If the IQD became worth $100 per 1 IQD how does that change the Iraqi domerstic bond? key is DOMERSTIC.......only inside Iraq. How does it change the bond? It does not change it at all.
billuke says to clay01():the value is reflective that country's currency - in that country. $1 in US, 1182 in Iraq, 22,286 in Vietnam, etc.
wmawhite says():DOMESTIC
jtank says():the reserves they have left wont even come close to what they want to do in Iraq- abouth 100 bil usd short
jtank says():unless they get money from somehere or reval
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():Good morning IEA reports oil prices have probably bottomed and emerging market currencies
David[X25SNDAUGTUKHUQWI6BTABCMVI@yahoo..] says():are ralling big
jtank says():larry-- the bonds on sale the 15 are international
jtank says():goin good thx
larrykn says to jtank():not sure about international but if they don't raise the rate they will be worth nothing
clay says to larrykn():GM :)
jtank says():waste of time like all the other bond sales
wmawhite says():If you are in the USA and you buy the U.S. Savings Bond does it matter what the exchange rate is of the USD? Answer: No, because you are buying the savings bond with the USD inside the USA. This is the same scenario with the domestic bonds in Iraq.
arrykn says to LLN65():except Iraq has no value at this time, those bonds that are to pay 6% interest would not pay anything at 1182 it would cost them more then they are worth
LLN65 says to larrykn():good point
wmawhite says():folks,.........if the USD was worthless and you bought US Savings Bonds with worthless USD does it matter? The answer id NO. The vale of the IQD has nothing to do with those bonds.
larrykn says to wmawhite():the price of the bonds I can see that, who cares but now they are talking about the interest off those bonds , how much interest would you get at 1182, I don't think they will find many buyers IMO
clay says to larrykn():Im with you
wmawhite says to larrykn():to the Iraqi citizen receiving 6% of 1182 IQD is 70.92 IQD.
larrykn says to wmawhite():which would buy them what ??
wmawhite says():Folks,..........the issue that are solely enternal to Iraq has very little to do with what we are waiting on. The CBI/GOI could sell domerstic bonds and receive payment in apples or gold or silver. That has nothing to do with the moving into Article 8 and the acceptance of the international financial community of the IQD.
wmawhite says():domestic
clay says to wmawhite():got ya
R&R says():A U.S. Series EE savings bond can be bought for $25 and has a rate of 0.10%. Compare that to the Iraqi National bond, smallest denomination is 100,000 dinar ($90) and has a rate of 6%.
R&R says():Or a better comparison would be a 2-year U.S. T-Bill, with face value $1,000 and a current rate of about 1%. For the same $1,000 (or 1 million dinar approx.) an Iraqi could buy 10 national bonds, and get 6 times the interest what we get here.
wmawhite says to R&R():Thank you and good points.
billuke says():To me, 6% is 6%, no matter what the rate of the currency is, because prices of goods in a country are reflective of what the current currency rate is.
larrykn says():so for a country that does not trust their banks you think they would want to put their money in the banks to buy these bonds to get 6% interest???
wmawhite says():another example is again buying a US Savings bonds in your city , of course with USD, has nothing to do with the USD's exchange value with Japan, China, Great Britian,etc, etc.....same with the domestic bonds of Iraq......they nothing to do with its current value.
billuke says():No I don't. But unless the rate changes and make these bonds attractive, it will fail again
larrykn says to billuke():that I agree with :)
wmawhite says):Inside the USA $1 = $1. Inside Iraq 1 IQD = 1 IQD. A currency only has value when it is compared to another currency. It is not relevent when comparing to itself.
wmawhite says():It is the same as comparing yourself to yourself.
clay says to billuke():I agree GM
wmawhite says():You have nothing to gauge yourself to.
billuke says to wmawhite():So Iraqis buying these bonds at 6% is better than 0%, even at the current currency rate - again supposing they trust their banks, if I'm following you correctly.
wmawhite says():Let me ask this: to an Iraqi what changes with the domestic bonds if today the IQD becomes value at 1 IQD =$4.00? What changes inside Iraq with the bonds? Nothing.
larrykn says():but the question again is who will buy them, I see no incentive to do such a thing
billuke says to wmawhite():agreed
Pablo says():Are these bonds available to outsiders?
wmawhite says to larrykn():Why do you continue to accept being paid with USD?
wmawhite says to Pablo():If you travel to Iraq and walk into a bank and buy one.
Pablo says():Not the safest of journeys.
larrykn says to wmawhite():why are you talking about usd, I'm talking about iqd
larrykn says to wmawhite():people here except the usd for what it is, over there not so much
wmawhite says to larrykn():If you lived in Iraq it has value in Iraq.........you are comparing it outside of Iraq and that is not relevent.
Pablo says():But an outsider wouldn't be all that inclined to buy without an incentive and keeping the rates as they are is not an incentive.
Larrykn says to wmawhite():but my point is the people do not trust the banks , they have been ripped off over and over again, what incentive do they have to try it again
billuke says to larrykn():in other words, 6% growth is 6% growth, no matter the rate of the currency in that country
wmawhite says to larrykn():That has nothing to do with the selling of the bonds.
larrykn says to wmawhite():but is that enough for people to go back to the banks??
wmawhite says to billuke():Exactly
wmawhite says to larrykn():two different subjects........
larrykn says to wmawhite():again 6% of 1182 and 6% of lets say $3 is a big differents
wmawhite says to larrykn():The discussion was the value of the IQD and the buying of the bonds
larrykn says to wmawhite():no its been my point
wmawhite says to larrykn():No,..........for example........the value of the USD inside the USA is not relevent to the value of the USD in Britian or Japan.
billuke says to larrykn():correct, but 6% of a 1182 rate in any particular country is still 6% growth, because the goods in that country (Iraq) is reflective on 1182.
wmawhite says to larrykn():What is the difference with the domestic Iraqi bonds today or tomorrow if tomorrow the IQD values at $3 per 1 IQD? What is the difference inside Iraq? Answer: Not a thing.
larrykn says():ok, I understand your point enough said, lets see who buys them at 1182
wmawhite says to larrykn():The key here is: inside Iraq because a IQD = to a IQD
larrykn says():of course if they buy them at 1182 an they change the value that would be a different story
wmawhite says to larrykn():We don't care because it has nothing to do with what we are waiting on........or at least I don't care.
wmawhite says to larrykn():No.........that is not so........inside Iraq there is no change in value.......you have to take your IQD and leave the country to see the change.
clay01 says():the thing I found interesting about the bonds was not the 6 percent but in the low amount that they would be sold, at 1182, not a lot of value, but at 1.00 a lot of value
wmawhite says():This is nuts.........
elliscole2002 says():lol
clay01 says():we get your point, but you dont see ours
wmawhite says():If the IQD became worth $100 per 1 IQD how does that change the Iraqi domerstic bond? key is DOMERSTIC.......only inside Iraq. How does it change the bond? It does not change it at all.
billuke says to clay01():the value is reflective that country's currency - in that country. $1 in US, 1182 in Iraq, 22,286 in Vietnam, etc.
wmawhite says():DOMESTIC
larrykn says to wmawhite():my point is ( in country your right a dinar is a dinar at that value you can buy so much for that dinar, but when they raise the rate, what you can buy for that same dinar will increase , so will the 6% on those bonds, you will get more value to that bond
billuke says to clay01():6% growth in that country, is still 6% growth - inside that country.
clay01 says to clay():yes that is right, but in Iraq today, a million dinar still does not buy very much, and 6 percent of that is almost nothing in Iraq
wmawhite says to billuke():Maybe some people do not understand that they can not take the domestic bond outside of the country because there is no value outside of the country.
billuke says to clay01():how do you know what 6% can or cannot buy in Iraq?
tman23 says():How is Iraq selling the Bond and paying the Bond........An emerging market bond @1182 becomes quite attractive........forget the 6%......it is the increase in the value of the currency that the investor cleans up on.....
clay01 says to clay():we get that, but why sell them in so low denomanations, why 250,000 dinar
larrykn says to tman23):that is what I was trying to point out , ty for those wordings :)
elliscole2002 says():to make them affordable to all citizens
clay01 says():most citizens cant even afford that much
larrykn says():business can :)
larrykn says():who are they trying to bring in
clay01 says():exactly
Comments may be made at the end of Part 3 Thank You
billuke says to clay01():6% growth in that country, is still 6% growth - inside that country.
clay01 says to clay():yes that is right, but in Iraq today, a million dinar still does not buy very much, and 6 percent of that is almost nothing in Iraq
wmawhite says to billuke():Maybe some people do not understand that they can not take the domestic bond outside of the country because there is no value outside of the country.
billuke says to clay01():how do you know what 6% can or cannot buy in Iraq?
tman23 says():How is Iraq selling the Bond and paying the Bond........An emerging market bond @1182 becomes quite attractive........forget the 6%......it is the increase in the value of the currency that the investor cleans up on.....
clay01 says to clay():we get that, but why sell them in so low denomanations, why 250,000 dinar
larrykn says to tman23):that is what I was trying to point out , ty for those wordings :)
elliscole2002 says():to make them affordable to all citizens
clay01 says():most citizens cant even afford that much
larrykn says():business can :)
larrykn says():who are they trying to bring in
clay01 says():exactly
Comments may be made at the end of Part 3 Thank You
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