Thanks: cmkxroitoday
Not many cared about the dinar guru Bondlady..but here is a long but good chat from her Thursday, with some news articles thrown in....good analysis...she feels rv is a necessity for Iraq now with sound arguments..
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[BondLady] let me bring ya in a article
tyvm michael, for this article....
www.alaalem.com/index.php?aa=news&id22=46709 Thursday, May 3, 2012 4:50 AM Cancel zeros ..
Entrance to save currency
Inflation is the most dangerous enemy of well-being and disease can strike national economies. In addition to that pension exacerbate the suffering of the broad sectors of the population, and changes the shape of class structure and social effects of the disposal and recovery will not be easy, especially if the symptoms became more serious inflation.
Economists is that inflation is dangerous if it exceeds the favorites, or if it becomes ten percent or above. History records the contemporary economic models for countries inflation rates exceeded these levels reached dangerous limits to become the local currency carrying bags for the payment of prices is simple.
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And can give examples of some Latin American countries like Argentina, as well as the case of Germany in the war, Serbia, Turkey and other countries. If the welfare of living is the first victim of inflation, the middle classes, the victim and crush the second Gmehrtha join the majority class of poor and downtrodden.
Can not be dealt with merely as a result of this change the distribution of the class, they have their social and economic development.
Middle class element of stability and social safety, one of the important factors of balance in society; It is also in third world countries are useful for the development process.
As rich in these countries often maintain Bersdthm abroad, while the poor Their role is limited in the investment process by virtue of the living situation that surrounds them. Have formed the middle class in recent decades, the majority of Iraqi society. Situation but did not break down since the start of the wars of the former regime.
If we treat the simplified concept of inflation, which he says is "a lot of money for a few goods". Iraq in his last years, offers a model for this image.
Went down the purchasing power of the Iraqi dinar rates significantly, and became incomes are not enough almost to fill their needs, and declining Iraqi dinar exchange rate of about three thousand times, if we take the exchange rates, which is equal to the dollar nearly a thousand and two hundred dinars.
Thus, any Iraqi authority are to come before the challenge of controlling inflation is rampant, it was reported some account of the Iraqi dinar.
There is a solution, which resorted to some countries, is that the deleted zeros from its currency degraded and replaced by a thousand percent, or unit of currency one unit of new currency.
But thus need to make an improvement in economic data and the availability of a minimum level of confidence the new currency and the economy, which assigned, as well as have some cash reserves of hard currencies, which are financed import operations.
Without the availability of these lower limits, you can not cancel the zeros on the process to achieve the effect.
The States usually resort to solve the problems of inflation where the balance between money supply and the amount of goods. The economists usually like this policy of trying to minimize and maximize the cash bag bag of goods, in reference to simplify the problem and propose a solution.
Thumbnail bag Monetary easing supply by means of monetary and fiscal policy, which he plays a central bank a crucial role in habit. The larger bag of goods requires increased productivity significantly, which is the approach taken by Germany to promote their economies after the war grinding stumble.
In fact, increase productivity and improve them is a sure panacea for the eradication of inflation. Which is of course the biggest impact of fiscal and monetary remedies and more durable in efficiency.
There we find a society of rising productivity never exposed to inflation; and we have the most prominent examples are the Japanese and German economies, inflation rates are almost non-existent in them, and less interest to the lowest levels of the border.
And that is only for the production of higher activity in these communities, which give immunization against the disease economy.
However, such treatment does not happen overnight. There must be substantial modifications to the whole economic field, and change a lot of educational and social concepts as well, which glorifies the values of work and creativity, perseverance and refer people to the population of active producers.
Inflation will be a major obstacle to efforts, which will be made to rehabilitate the Iraqi economy and alleviate the suffering of large segments of society. However, the task is not Palmsthilh. It is necessary to adopt a holistic approach in dealing with intentionally providing cash reserves and then adjust monetary and fiscal policies and improve the productivity of the individual and the Iraqi society.
On this basis, a proposal may delete some zeros from the currency valid proposal to re-value of the Iraqi dinar.
[esi] BondLady : So do you think it will come out as a managed float? And do you think they will use the bond market to bring in revenue to purchase all that is necessary to bring them up to the 20 century instead of starting out with a strong currency?
[BondLady] they already are a strong currency
[BondLady] just because the rate is low does not mean its not strong
[BondLady] every thing plays a part of the currencys strength
[esi] BondLady :lol not strong enough for me
[BondLady] well of course not
[BondLady] but for them an the entire middle east it is
[helend] esi
[BondLady] when u take into account
[BondLady] the debt
[BondLady] like i just already said
[BondLady] the infrastructure
[BondLady] whats under ground is under ground
[BondLady] its not all production
[BondLady] and all the privte sector is barely even moveing
[BondLady] they cant even operate a 8 hour work day
[BondLady] electricity is what maybe 10 hrs a day
[BondLady] come on now
[BondLady] think they would come out at 3 plus and cant even turn the lights on
[BondLady] jeese
[BondLady] compared to other countries
[BondLady] iraq has very little debt
[BondLady] thats what makes there currency a strong 1
[BondLady] the strength isnt just counted by the rate
[BondLady] it has many many factors in it
[BondLady] lets talk about inflation
[BondLady] Cancel zeros .. Entrance to save currency Inflation is the most dangerous enemy of well-being and disease can strike national economies. In addition to that pension exacerbate the suffering of the broad sectors of the population, and changes the shape of class structure and social effects of the disposal and recovery will not be easy, especially if the symptoms became more serious inflation.
Economists is that inflation is dangerous if it exceeds the favorites, or if it becomes ten percent or above. History records the contemporary economic models for countries inflation rates exceeded these levels reached dangerous limits to become the local currency carrying bags for the payment of prices is simple.
[BondLady] or maybe oogie shoud sit on bubbies
[BondLady] this article
[BondLady] explains so much
[BondLady] and its easy to read and understand to
[BondLady] recovery will not be easy
[BondLady] especially if the symptoms became more serious inflation
[BondLady] if they have to do more imports
[BondLady] instead of growing and makein this stuff themselves
[BondLady] if they dont become more self sufficient
[BondLady] is that inflation is dangerous if it exceeds the favorites, or if it becomes ten percent or above
[BondLady] this is shabibis red line
[BondLady] he talked about
[BondLady] 10%
[BondLady] if it reaches double digits
[BondLady] History records the contemporary economic models for countries inflation rates exceeded these levels reached dangerous limits to become the local currency carrying bags for the payment of prices is simple
[BondLady] carrying suit cases full of money to buy any thing with
[BondLady] for the simplist of things
[BondLady] its gonna cost u a lot
[BondLady] inflation
[BondLady] And can give examples of some Latin American countries like Argentina, as well as the case of Germany in the war, Serbia, Turkey and other countries. If the welfare of living is the first victim of inflation, the middle classes, the victim and crush the second Gmehrtha join the majority class of poor and downtrodden.
Can not be dealt with merely as a result of this change the distribution of the class, they have their social and economic development. Middle class element of stability and social safety, one of the important factors of balance in society; It is also in third world countries are useful for the development process.
As rich in these countries often maintain Bersdthm abroad, while the poor Their role is limited in the investment process by virtue of the living situation that surrounds them. Have formed the middle class in recent decades, the majority of Iraqi society. Situation but did not break down since the start of the wars of the former regime.
[BondLady] If the welfare of living is the first victim of inflation
[BondLady] the middle classes
[BondLady] , the victim and crush
[BondLady] the second Gmehrtha join the majority class of poor and downtrodden.
[BondLady] in other words
[BondLady] where there was poor, middle class and wealthy
[BondLady] the middle class become the poor
[BondLady] what happens to the poor who were already poor?
[BondLady] unemployment
[BondLady] no home
[BondLady] no food
[BondLady] no clothes
[BondLady] horrible living conditions
[BondLady] this is all what at least 1/3 of iraqs population is already going thru
[BondLady] how could they even possibly come out at 50 cents for a rate
[BondLady] when u see this kind of stuff
[BondLady] and know its reality
[BondLady] and the facts are right there
[BondLady] what is unemployment
[BondLady] like 25-28%?
[BondLady] cant remember
[BondLady] but its extremly high
[BondLady] and if iraq has 30 millon people
[BondLady] and 28% of them are employed?
[BondLady] the goi has to build the private sector
[BondLady] to suport jobs
[BondLady] to let them build back up there lives
[BondLady] Can not be dealt with merely as a result of this change the distribution of the class, they have their social and economic development.
[BondLady] Middle class element of stability and social safety, one of the important factors of balance in society; It is also in third world countries are useful for the development process.
[BondLady] As rich in these countries
[BondLady] \and we all know
[BondLady] iraq is rich beyond measures
[BondLady] but without being able to get it out of the ground
[BondLady] build up the infrastructure
[BondLady] private sector
[BondLady] support the economy
[BondLady] taxes
[BondLady] agriculture
[BondLady] industrial markets
[BondLady] banking
[BondLady] iraq just cannot grow
[BondLady] we have to be realistic here
[BondLady] Have formed the middle class in recent decades, the majority of Iraqi society. Situation but did not break down since the start of the wars of the former regime.
[BondLady] If we treat the simplified concept of inflation, which he says is "a lot of money for a few goods". Iraq in his last years, offers a model for this image. Went down the purchasing power of the Iraqi dinar rates significantly, and became incomes are not enough almost to fill their needs, and declining Iraqi dinar exchange rate of about three thousand times, if we take the exchange rates, which is equal to the dollar nearly a thousand and two hundred dinars.
Thus, any Iraqi authority are to come before the challenge of controlling inflation is rampant, it was reported some account of the Iraqi dinar
[BondLady] if we take the exchange rates, which is equal to the dollar nearly a thousand and two hundred dinars. Thus, any Iraqi authority are to come before the challenge of controlling inflation is rampant, it was reported some account of the Iraqi dinar
[BondLady] 1200 to 1 usd
[BondLady] before they can fix that they have to stop inflation or bring it down
[BondLady] why do u think we see all these rush to bring in big investors
[BondLady] now to build up electric water gas oil
[BondLady] grow food
[BondLady] they shoulda been doin it all along , but coruption played a huge hand here
[BondLady] and the rich kept getting richer
[BondLady] and the poor kept getting poor'er
[BondLady] they are finally starting to get there priorities together
[BondLady] they are so slow
[BondLady] and dont even like to be told what to do
[BondLady] especially when it comes to there money
[BondLady] and the simplist of concepts
[BondLady] spend money to make money
[BondLady] they dont get entirly
[BondLady] they want u to just give them money
[BondLady] or build every thing brand new for them
[BondLady] no concept of reality to at least a full 1/3 of them
[BondLady] at least 1/3 of the population is illitierate
[BondLady] they are the sheep that follow who ever they think is the smartest of there street or town
[BondLady] if some 1 knows how to read and write
[BondLady] no matter how old they are
[BondLady] the people will come to them for advice
[BondLady] or to have them tell them what to do
[BondLady] where to go
[BondLady] how to do stuff
[BondLady] even if they were kids
[BondLady] all iraqis or the majority of them
[BondLady] can speak many middle eastern languages
[BondLady] but they cant read or write
[BondLady] every bit of this stuff
[BondLady] plays a part
[BondLady] in iraqs economy
[BondLady] and knowing how to rebuild your lives
[BondLady] There is a solution, which resorted to some countries, is that the deleted zeros from its currency degraded and replaced by a thousand percent, or unit of currency one unit of new currency.
But thus need to make an improvement in economic data and the availability of a minimum level of confidence the new currency and the economy, which assigned, as well as have some cash reserves of hard currencies, which are financed import operations.
[BondLady] there is a solution
[BondLady] the currency that has added 3 0's
[BondLady] or unit of currency one unit of new currency
[BondLady] new ld's
[BondLady] But thus need to make an improvement
[BondLady] in economic data
[BondLady] what did i say shabs told them to do?
[BondLady] But thus need to make an improvement in economic data
[BondLady] and the availability of a minimum level of confidence
[BondLady] to have even a small amount of confidence in the currancy
[BondLady] in other words show some growth
[BondLady] show them its tryin to get better not worse
[BondLady] the availability of a minimum level of confidence the new currency and the economy,
[BondLady] do what shabs said
[BondLady] and build the economy to strengthen the dinar
[BondLady] which assigned, as well as have some cash reserves of hard currencies, which are financed import operations.
[BondLady] as well as have enough reserves to back the currency if u did adjust the rate and still be able to cover the imports and bills that have to be paid
[BondLady] because no 1 listened to shabs when he told them what to do if they wanted to see a decent exchange rate
[BondLady] Without the availability of these lower limits, you can not cancel the zeros on the process to achieve the effect.
[BondLady] with out the lower denominations
[BondLady] u cannot cancel the 000
[BondLady] to achieve the rate they would need when they do
[BondLady] Without the availability of these lower limits, you can not cancel the zeros on the process to achieve the effect.
[BondLady] The States usually resort to solve the problems of inflation where the balance between money supply and the amount of goods. The economists usually like this policy of trying to minimize and maximize the cash bag bag of goods, in reference to simplify the problem and propose a solution.
[BondLady] just told u all this
[BondLady] Thumbnail bag Monetary easing supply by means of monetary and fiscal policy, which he plays a central bank a crucial role in habit. The larger bag of goods requires increased productivity significantly, which is the approach taken by Germany to promote their economies after the war grinding stumble.
[BondLady] Monetary easing supply by means of monetary and fiscal policy,
[BondLady] which he plays a central bank a crucial role in habit.
[BondLady] The larger bag of goods
[BondLady] requires
[BondLady] increased productivity
[BondLady] significantly,
[BondLady] which is the approach taken by Germany to promote their economies after the war grinding stumble.
[BondLady] In fact, increase productivity and improve them is a sure panacea for the eradication of inflation. Which is of course the biggest impact of fiscal and monetary remedies and more durable in efficiency. There we find a society of rising productivity never exposed to inflation; and we have the most prominent examples are the Japanese and German economies, inflation rates are almost non-existent in them, and less interest to the lowest levels of the border.
And that is only for the production of higher activity in these communities, which give immunization against the disease economy.
[BondLady] In fact, increase productivity
[BondLady] and improve them is a sure panacea for the eradication of inflation.
[BondLady] to turn inflation around
[BondLady] increase the infrastructure
[BondLady] private sector
[BondLady] economy
[BondLady] etc all i just told you
[BondLady] Which is of course the biggest impact of fiscal and monetary remedies
[BondLady] which is what shabs has been tryin to drill into these lug heads
[BondLady] and more durable in efficiency.
[BondLady] There we find a society of rising productivity
[BondLady] never exposed to inflation;
[BondLady] and we have the most prominent examples are the Japanese and German economies,
[BondLady] inflation rates are almost non-existent in them
[BondLady] and less interest to the lowest levels of the border.
[BondLady] very low interest rates at banks
[BondLady] And that is only for the production of higher activity in these communities, which give immunization against the disease economy.
[BondLady] this is what iraq needs
[BondLady] and should have been doing
[BondLady] when it cost the 3 times it did a month ago to buy the same thing
[BondLady] then they go hey o wow we need to do something bout this
[BondLady] well dur
[BondLady] However, such treatment does not happen overnight. There must be substantial modifications to the whole economic field, and change a lot of educational and social concepts as well, which glorifies the values of work and creativity, perseverance and refer people to the population of active producers. Inflation will be a major obstacle to efforts, which will be made to rehabilitate the Iraqi economy and alleviate the suffering of large segments of society.
However, the task is not Palmsthilh. It is necessary to adopt a holistic approach in dealing with intentionally providing cash reserves and then adjust monetary and fiscal policies and improve the productivity of the individual and the Iraqi society.
[BondLady] However, such treatment does not happen overnight.
[BondLady] and if theyd have did it when shabs said to
[BondLady] then this 5 yr plan
[BondLady] would have counted
[BondLady] but slow an illiterate
[BondLady] they just didnt and still dont even understand this concept
[BondLady] and like i said education plays a huge role here too
[BondLady] There must be substantial modifications to the whole economic field, and change a lot of educational and social concepts as well
[BondLady] which raises the exchange rate
[BondLady] the values of work and creativity,
[BondLady] perseverance
[BondLady] and refer people to the population
[BondLady] large segments of society.
[BondLady] However, the task is not Palmsthilhhowever.
[BondLady] it is not impossible to do
[BondLady] It is necessary
[BondLady] to adopt a holistic approach in dealing with intentionally providing cash reserves
[BondLady] and then adjust monetary and fiscal policies
[BondLady] this is where the rate change would come in imo
[BondLady] and improve the productivity of the individual and the Iraqi society.
[BondLady] On this basis, a proposal may delete some zeros from the currency valid proposal to re-value of the Iraqi dinar
[BondLady] this was what scooter touched on the other day
[BondLady] possibly take some off not all
[BondLady] would help
[BondLady] but wouldnt fix it
[BondLady] they have too many things workin against that imo
[BondLady] if they could have done it slower im sure they would a tried that
[BondLady] but too many things are working against them just for them to remove 1 or 2 and not 3
[BondLady] to remove them all they have to have a better rate
[BondLady] and there economy is bad
[BondLady] and all the things i showed u an explained to u
[BondLady] stops them from haveing the kind of rate right now for example kuwait has
[BondLady] every thing i showed u all is why
[BondLady] even tho right now
[BondLady] they are rushing to try to fix the infrastructure
[BondLady] and economy
[BondLady] and private sector
[BondLady] and banking
[BondLady] they are worlds behind
[BondLady] so if we wanted
[BondLady] to look at there wealth
[BondLady] as a country
[BondLady] be hard to beat iraqs wealth
[BondLady] but producing it
[BondLady] and exporting it
[BondLady] thats the problem
[BondLady] and growing and building and makeing things to make them selfsufficient
[BondLady] thats also a problem
[BondLady] now comes the kicker
[BondLady] and also
[BondLady] my theory i told yall about
[BondLady] the roll iran an syria and turkey etc
[BondLady] have played on iraqs rebuilding and economy
[BondLady] sabotoging it
[BondLady] almost tryin to either crucify there economy so as to protect there own currency by screwin up shabibis monetary policy
[BondLady] busting down there economy even worse
[BondLady] and forcing inflation higher on them
[BondLady] and forcing th dinar to fall
[BondLady] or possibly trying to rebuild there sanctioned reserves an build them back up to what they were before sanctions was put on iraqs neighbors
[BondLady] possibly doing all this because they hold iqd too
[BondLady] and if they could cripple them enough
[BondLady] by buying up all the iqd an usd they could
[BondLady] forcing shabibi to change his guarded monetary policy
[BondLady] and forcing him to put a rate on faster than what he wanted to, to save the currency from worse devaluing
[BondLady] that the infrastructure an private section and the economy wasnt prepared for yet
[BondLady] why?
[BondLady] because they didnt listen to shabibi when he told them to do this
[BondLady] and force him to adjust the rate
[BondLady] to make the people stop useing usd
[BondLady] which he cant do because oil is backed by the dollar
[BondLady] so what would be the next best thing to do in this situation
[BondLady] make the dinar close or equal to the dollar
[BondLady] then the people would want to use the iqd
[BondLady] then the people could have confidence in there money once again
[BondLady] they wouldnt want to use usd if they could use there own an there purchasing power was as good as the usd
[BondLady] Central Bank: Iraq victim trapped Iran, Syria, Turkey, United Arab Emirates bankruptcy 05/02/2012 BAGHDAD / JD / .. see the Central Bank of Iraq has been the victim surrounded by Iran and Syria and the bankruptcy of Turkey and the UAE. The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh / a JD /: that Iraq is in its financial crisis last victim trapped Iran, Syria, and the bankruptcy of Turkey and the UAE, adding that the transfer system C, which imported under which Iraq on credit pay a lot of traders to drain huge amounts of money from the dollar under the pretext import construction materials and food and industrial origins of the regional countries in excess of local need tens of multiples.
He added that the move has led over the last period to penetrate the central bank by the merchants ghost who had withdrawn as much as possible from the dollar to influence the size of the national reserve of hard currency, which led to the instability experienced by everyone.
[BondLady] He continued that the occurrence of Iraq between the two trapped made him a target because it is an incubator for hard currency due to its economy, rent-seeking based on the sale of oil and use the proceeds to walk the things the country, and the bankruptcy of many countries and they happen crisis (recession) to pay them to enter the Iraqi market entry is not good as took advantage of the serious economic situation of openness to international markets to carry out the withdrawal of currency and goods flooding the Iraqi market, poor expensive, expressing regret that this activity is at the hands of dealers and brokers Iraqis.
He noted that the central bank is finalizing of this problem during the next two months by following the strategy determines which traders are authorized to enter the market also determines the amounts allocated to them will be identified through the new strategy where to go the money and will be the import process and what will import. / Finished /
www.dananernews.com/News_Details.php?ID=553[BondLady] see what im sayin
[BondLady] they are pretty much painted into a corner
[BondLady] they are boxed in by there own economy and private sector with rampid inflation an a failing currency
[BondLady] to neighboring countries all working against there growth
[BondLady] so really the solution
[BondLady] is count what has not yet been produced
[BondLady] what is still below the ground
[BondLady] sulfer
[BondLady] phosforus
[BondLady] gold
[BondLady] oil
[BondLady] gas
[BondLady] all there assets
[BondLady] and reserves
[BondLady] try to at least come out close to the dollar or a lil higher to attract the people to it
[BondLady] solving it all
[BondLady] then rebuld every thing asap
[BondLady] get the taxes goin
[BondLady] so many things are right at there doors to help them
[BondLady] the WTO
[BondLady] imf
[BondLady] un
[BondLady] usa
[BondLady] all these countries
[BondLady] that wanna invest in iraq.............hope that helped you all and as always, i hope ive been acurate in my opinons...
[BondLady] been a while since i did a long chat, get so tired of the bashers and people that offer nothing and wanna crucify my every word lol
[BondLady] drops the mic an walks off
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