Dinar Updates Daily Chat Log
Part 3 - Featuring BGG
(6:00 PM)Check out THE BLOG - http://www.dinarupdates.com/blog/ - for the latest Dinar News, Documents and Call banners
(6:12 PM)george was kicked out by george!
subgirl says to digiman1(6:12 PM):
digi can I give you a break ??
digiman1 says(6:13 PM):
yes please
(6:13 PM)DIGIman1.copy changed nickname to DIGIman1!
subgirl says to digiman1(6:13 PM):
thank you
magnetlady says(6:22 PM):
Good evening everyone
(6:29 PM)dale was kicked out by dale!
ghost757 says(6:35 PM):
Hello everyone,I hate the idea of parachuting in, creating a dust up and then not being around much, but I just do have the time to spend much time here. That is why I haven’t posted these thoughts questions before. If the chat gets slow today, I’d love to hear any / all of these commented upon.
ghost757 says(6:35 PM):
I will start by saying that I have a great deal of respect for the contributors here. The amount of time and energy devoted to this is praiseworthy.
ghost757 says(6:36 PM):
Having said that, I have a few thoughts that are somewhat at odds with some of our “conventional wisdom”.Firstly, we hear that a “dinar is a dinar” often. While one cant argue with the tautological nature of the statement, I would also add: but the buying power of the dinar can vary significantly. A few months ago, I had a discussion in chat and a Mod suggested that the in-country prices would remain the same after a revaluation. He even suggested that a 10,000IQD loaf of bread would still be priced at 10,000IQD after an RV of 1:1 (we used easy round numbers for simplicity – not as a prophecy).
ghost757 says(6:36 PM):
We can look to many examples: A Ruble is still a Ruble, but ask a Russian if they can buy more or less than they could 3 years ago with their Ruble. A Yen was cheap and Japanese cars nearly put Detroit out of business, the Yen appreciated significantly and instead of goods, we say tourists because of the “strong” yen.
ghost757 says(6:37 PM):
I will assert that the idea of an in-country / out-country RV that is dissimilar is just impossible. The resulting “run” on the currency would bankrupt the nation. In that scenario, folks would be buying as many IQD where they were cheap as possible, only to submit them to where they are valuable. That is transactional and would drive the value up or down immediately (or, as I said BK the nation).
ghost757 says(6:37 PM):
Secondly, We discuss the “note count” a lot. It is an important piece of a countries monetary policy, but we should be cautious about reading too much into it. If our belief is that the real reason for note count reduction is to replace 25KIQD notes with 250IQD notes, then we should take a couple of additional steps. 1) What might the Iraqi population do when they realize that the 25k notes that they traded for 250 notes are worth $25,000 (again, for simplicity, I am using a 1:1)? They will riot like there is no tomorrow. What if the citizens are made whole and everyone with a couple of big wads of 25k notes is an overnight millionaire? No one comes to work the following day. It would be like an entire nation of Mega-lotto (or whatever it is called) winners. No policemen, garbage men, or power plant operators. I have traveled extensively in the Middle East. There are zero national workers. They are all guest workers, and they didn’t arrive overnight. Imagine the security nightmare that would create. Therefore, how does a “flip of the switch” work out well for Iraq?
ghost757 says(6:37 PM):
Certainly, they would like to have a currency that is as “glorious” as it once was – but does it really matter for trade? The M1 is enough (or was until the constriction). It really doesn’t impact trade that a Kuwaiti Dinar is MUCH more valuable than an Iraqi Dinar. It doesn’t slow down US / Canadian trade that a Canadian Dollar is only worth 70 cents.
ghost757 says(6:37 PM):
If the currency opens low and floats, there will be many who will see that rate as a “good enough” return, cash out, and reinvest or go on permanent vacation in the Caribbean. As those folks move out, new buyers move in. The net cost to Iraq? ZERO! It appreciation was funded by those entering / increasing their position. This occurs until the IQD finds it’s balance point – all without a nickel coming for the CBI.
ghost757 says(6:38 PM):
I have more, but I’ll save the rest for another day,Thanks for reading – I enjoy this group.
BGG says to ghost757(6:39 PM):
Very interesting read - good stuff.
BGG says to ghost757(6:39 PM):
Appreciate you taking the time to share some thoughts.
ghost757 says(6:40 PM):
Thank you, it is my pleasure! I really do love the work that you all do. I spend a lot of time learning from you
BGG says to ghost757(6:42 PM):
I am sure we will address some of this on the call tonite.
ghost757 says(6:43 PM):
Thanks! I will love to listen
risk98943560 says(6:47 PM):
This is why i enjoy DU....All opinions welcome....No sensorship, egos, regardless if it fits in with the narrative of the group...Good stuff
MrsBGG says to risk98943560(6:50 PM):
Good evening :)
MrsBGG says(6:50 PM):
A Dinar Round Table Call
“with the whole DU Crew!!”
Tues – Feb 7th – 7:00PM CST
1-641-715-3640 pin#528733
risk98943560 says to MrsBGG(6:51 PM):
Greetings ...
MrsBGG says to risk98943560(6:57 PM):
How are you doing?
MrsBGG says to risk98943560(6:57 PM):
There's a call in a few...
ghost757 says(6:58 PM):
The call is live -- we're hearing the background conversation...
ghost757 says(6:59 PM):
good call :) would hate to hear a toilet flush :)
risk98943560 says to MrsBGG(6:59 PM):
tuning in now
(7:00 PM)jtank was kicked out by jtank!
(7:00 PM)THE OBSERVER - http://www.dinarupdates.com/observer/ - Save as a favorite... for Daily Dinar Commentary, Notices and Call banners!!
MrsBGG says to risk98943560(7:01 PM):
(y)
MrsBGG says to subgirl(7:02 PM):
Thank you sweetie!
(7:02 PM)pacella was kicked out by pacella!
MrsBGG says(7:03 PM):
Will be just a few more minutes for the call....
subgirl says to MrsBGG(7:03 PM):
your welcome :)
MrsBGG says to subgirl(7:03 PM):
How are you?
jazzergirl says(7:03 PM):
:D
subgirl says to MrsBGG(7:03 PM):
I am good thanks and you?
(7:03 PM)Soonergirlie was kicked out by Soonergirlie!
MrsBGG says to subgirl(7:03 PM):
blessed :) need to go...
subgirl says to MrsBGG(7:03 PM):
ok :)
magnetlady says(7:04 PM):
Good evening MrsBGG
magnetlady says(7:06 PM):
Hey subby
eman4u55 says(7:08 PM):
({)
7shelia says(7:08 PM):
Magnetady: Did they cancel the call for tonite.
MrsBGG says to 7shelia(7:08 PM):
Good evening :) Will be just a few more...
magnetlady says(7:08 PM):
no 7sheila. Dial in they will be with us in a minute
MrsBGG says to eman4u55(7:08 PM):
Good evening :)
7shelia says(7:08 PM):
TY
magnetlady says(7:09 PM):
1-641-715-3640 pin#528733
MrsBGG says to magnetlady(7:09 PM):
Good evening sweet lady (L)
eman4u55 says to MrsBGG(7:09 PM):
(})(F)
magnetlady says(7:09 PM):
HEy there MrsBGG
MrsBGG says to magnetlady(7:09 PM):
Thank you for posting the #
magnetlady says(7:09 PM):
You are most welcome
magnetlady says(7:10 PM):
1-641-715-3640 pin#528733
magnetlady says(7:10 PM):
Call has begun
eman4u55 says to MrsBGG(7:10 PM):
THIS BAND IS DRIVEING ME NUTS
MrsBGG says to magnetlady(7:10 PM):
(y)
MrsBGG says to eman4u55(7:10 PM):
:D
magnetlady says(7:10 PM):
eman you will live
eman4u55 says(7:10 PM):
(L)
MrsBGG says(7:11 PM):
Whoo hoo DU Team (L)
MrsBGG says(7:11 PM):
A Dinar Round Table Call
“with the whole DU Crew!!”
Tues – Feb 7th – 7:00PM CST
1-641-715-3640 pin#528733
MrsBGG says(7:12 PM):
Call is on right now!!
MrsBGG says(7:28 PM):
A Dinar Round Table Call
“with the whole DU Crew!!”
Tues – Feb 7th – 7:00PM CST
1-641-715-3640 pin#528733
marylee says(7:58 PM):
This was a GREAT call....Thanks guys
(8:07 PM)Be sure to join the Dinar Updates “private” FaceBook Group… https://www.facebook.com/groups/571383766355188/ (go here and ask to join… then add some Dinar Friends!!)
BGG says to ghost757(8:07 PM):
I will add some thoughts to your commentary - in my own words... (if you don't mind).
dinarstudent says(8:18 PM):
hello i could not get through on my cell :'(
BGG says(8:20 PM):
I'll have it posted in a few minutes.
BGG says(8:35 PM):
Links are up!!
BGG says(8:35 PM):
Click on the banners at:
BGG says(8:36 PM):
The BLOG
BGG says(8:36 PM):
The OBSERVER
BGG says(8:36 PM):
The Forum
dinarstudent says(8:40 PM):
thank you bgg .
(8:57 PM)Caravaggio was kicked out by Caravaggio!
Alembic86 says to BGG(8:57 PM):
Thank you for the links. They're slow so I'm not the only DLing right now. :)
(9:00 PM)Check out THE BLOG - http://www.dinarupdates.com/blog/ - for the latest Dinar News, Documents and Call banners
magnetlady says(9:15 PM):
OK
(9:15 PM)subgirlcopy changed nickname to subgirl!
subgirl says to magnetlady(9:16 PM):
are you sure? I do not work tomorrow...
magnetlady says(9:17 PM):
Yes its OK
subgirl says to magnetlady(9:18 PM):
ok :) I'll be back about 10:30pm CST :) thank you for copying....
jetset says(9:34 PM):
good evening, good people!
Alembic86 says to jetset(9:35 PM):
Hey now...
jetset says to Alembic86(9:35 PM):
good evening to you too! :D
BGG says(9:39 PM):
Good evening folks - thoughts on the call??
Alembic86 says to BGG(9:40 PM):
A bit more concrete in the foundation. Thanks!
jetset says to BGG(9:47 PM):
i haven't heard it yet. We just finished supper and then I had to drop the vehicle off at the shop for some front end work... C'mon, RV!
magnetlady says(9:56 PM):
Evening jetset
jeffusa says to subgirl(9:56 PM):
water?
jeffusa says to jetset(9:57 PM):
sup bro
moneymom says(9:58 PM):
great call...love it when the gurus get deflated..awsome call thanks so much
(10:00 PM)THE OBSERVER - http://www.dinarupdates.com/observer/ - Save as a favorite... for Daily Dinar Commentary, Notices and Call banners!!
jetset says to magnetlady(10:04 PM):
good evening
jetset says to jeffusa(10:04 PM):
hello!
magnetlady says(10:05 PM):
jeff, she will be back in a bit
(10:23 PM)popeye7 was kicked out by popeye7!
subgirl says to magnetlady(10:28 PM):
GE can I give you a break now?
subgirl says(10:28 PM):
hey there jeffusa :) I am on bottle 4 finally! UGH
subgirl says(10:28 PM):
you left??? awwee bummer!
magnetlady says(10:39 PM):
Sure subby that would be great.
subgirl says(10:40 PM):
thank you :)
RickeyT says(10:42 PM):
per the call, it appers that the first part of 2017 just went out the window, it feels like we are starting from scratch again.
(10:43 PM)*MOD.magnetlady.copy changed nickname to *MOD.magnetlady!
BGG says to RickeyT(10:46 PM):
Are you FREAKING SERIOUS??
BGG says to RickeyT(10:46 PM):
Cut that #$%* OUT!!
RickeyT says to BGG(10:47 PM):
not trying to make you angry, that is what I got out of it, am I wrong?
BGG says to RickeyT(10:47 PM):
no one said any of that - we gave you a real dissertation on real events.
BGG says to RickeyT(10:47 PM):
Sure you are - because that's your M.O.
RickeyT says to BGG(10:48 PM):
buy
BGG says(10:49 PM):
You think you're the only one to have ever faced a challenge and you ought to be "allowed" special lattitude. Plenty of folks here face their stuff without acting like a ****ed 2 year old. Try it.
BGG says(10:54 PM):
No one said that - in fact, early 2017 (according to all the real sources) is still a real forecast.
BGG says(10:55 PM):
Goodbye Ricky
(11:00 PM)Be sure to join the Dinar Updates “private” FaceBook Group… https://www.facebook.com/groups/571383766355188/ (go here and ask to join… then add some Dinar Friends!!)
popeye7 says(11:06 PM):
Great call... Informative as usual... It is good that Mr. White continues to explain how the process will work once the dinar does gain more value... The price of goods in Iraq will gradually decrease for those purchasing them once the new items that are imported from foreign nations are cheaper as well... Makes perfect sense...
popeye7 says(11:15 PM):
I would like to comment on what Ghost wrote... Considering that Iraq has continued to let their people know that the country is one of the richest nations on earth as it concerns resources available, would it not be difficult for those in Iraq to grasp why their currency is not one of the, if not the most valuable currency on the planet.. Would it not be difficult to explain that while Kuwait can bring in foreigners to work at their malls, fast food establishments ect., Iraq has to rely on their own people to do such things?... I believe that the Iraqi people would be quite upset if their currency were to come in at even a dollar.. While that could very well happen, it would seem at insult to them IMHO... But then again, maybe they have been through the ringer for so long, that any increase will be welcomed... I do not know personally of course... I do not reside there...
BGG says to popeye7(11:18 PM):
excellent commentary.
BGG says to popeye7(11:19 PM):
A lot of things we have not thought over through the eyes of an average Iraqi.
BGG says to popeye7(11:19 PM):
lower denoms is just one of them.
popeye7 says(11:20 PM):
Perhaps the 1 dinar for 1 dollar has been the plan all along... Which is why they came out with these 25000 notes, 10000 notes ect. ect... I do not know... Thanks BGG... I have to tell you... You folks here have some fantastic researchers, and commentators... Certainly have made me think about things in a different light... Thanks so much...
popeye7 says(11:29 PM):
What happened in Kuwait was an entirely different situation in that I do not believe they had those larger notes on the streets... So they could bring back the value of their currency much quicker than what has occurred in Iraq... Certainly has been a long term process... They must have planned on it being so IMHO, or they would not have bothered to actually come out with those higher dominated notes... Again IMHO... Lots of things we can semise, but one thing we have witnessed within this country is just how dog eat dog many are who have leadership positions... Their concern for their fellow Iraqi is certainly lacking to say the least... With so many religious factions though playing on people's fears, well, reconciling them in some form has to done for this country to be respected, and most importantly trusted by not only their own, but of course the nations around them who want to do business with them...
popeye7 says(11:39 PM):
We see this happening now... This war with the terrorist group Isis, and with so many companies that are lining up to do business with Iraq, well maybe this will rally the people of Iraq, and their differences will be set aside... At least for the time being... It seems that this is the plan anyway... IMHO...
popeye7 says(11:44 PM):
That is all from folks.. Thanks again for this site BGG, and the Mrs... Thanks for those who dedicate themselves to ensuring the operation here is run smoothly... Researchers, and commentators, while we may not agree on everything, it is nice to have civil discussions... This has been a long ride for many... Some longer than others of course... But as mentioned on the call, change is a coming... So there is much more to be optomistic for as it concerns where we stand as it concerns this investment... Thanks again, and sorry for the length... I like to hit a topic at every angle possible...
subgirl says to popeye7(11:53 PM):
hey there popeye how areyou this evening?
popeye7 says to subgirl(11:55 PM):
Hello subster... Doing fine... As you can see commenting... Great call by the way... Did you hear it yet?... How are you doing? Did you have a good day?...
subgirl says to popeye7(11:56 PM):
I did thank you :) had to work today... but do not have to work tomorrow... so thankful for that.. getting ready for another trip to chicago on Thurs. :)
subgirl says to popeye7(11:56 PM):
hope you had a good day too? :)
popeye7 says to subgirl(11:55 PM):
Hello subster... Doing fine... As you can see commenting... Great call by the way... Did you hear it yet?... How are you doing? Did you have a good day?...
subgirl says to popeye7(11:56 PM):
I did thank you had a good day... had to work today... but do not have to work tomorrow... so thankful for that.. getting ready for another trip to chicago on Thurs. :)
subgirl says to popeye7(11:56 PM):
hope you had a good day too? :)
End of Tuesday's Chat Log | Link to Part 1
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» Dinar Updates Daily Chat Log for Tuesday 2/7/17 - Part 3