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Something to consider: If the US holds a position of 22T Dinar is it the currency or just a position against Iraqi assets? If it is the latter, it takes alot of pressure off the outstanding currency. Also IMO the US would be smarter to "lien" Iraq's assets because they would,of course receive interest on the investment as well....any opinions on this?
I'm gonna go get a LOP dance....weeeeeeeeeeeeee
I think they should trade the coins for WONKA bars
OR we could just have a beer......lol
happy New Year...and with a happy new year comes a more optomistic heavy.......maybe? lol
lol...true for both sides
go both? lol
naaa he has too much $$ already..lol His role is to disrupt not participate in anything positive...praise allah....NOT
Bin Laden POS when I go to the range I shoot the S#*T out of his picture...lol They can't kill this pryck?
also pretty new to this board..bought Dinar in July..all indicators point to a home run according to Interest Rate Observer but we'll see....go Gators/Dinar...lol
an article I found about other surge...Dinar
The Other Iraq Surge
New York Sun Editorial
December 27, 2007
It's no front-page news that Iraq is a dangerous place. But a capital magnet? The presses have stopped for less. According to the not-quite-closed record book for 2007, Iraqi sovereign bonds, the Iraqi currency, and the Iraqi stock market have each logged astounding, not to mention politically provocative, gains.
Not many would have predicted that Iraq's long-dated, dollar-denominated debt would have proven a safe haven during a worldwide credit crisis. But the 5.8s of 2038 did just that. Since the subprime mortgage meltdown began in August, these evidences of indebtedness of the government in Baghdad have gained no less than 18.3%. With a salute to General Petraeus and the doughty GIs under his command, one might say they surged.
So has the dinar, up 10% against the dollar this year. Now the dollar, admittedly, is no monetary fortress, and the dinar is one of the few Middle Eastern currencies left free by its issuing government to float in value (the exchange rates of most of the region's scrip are lashed to the dollar). The price of a barrel of oil, of which Iraq is a leading producer, has had a pretty good year itself. Still, during the 2007 New Year prediction season, how many guessed that the dinar would outperform the communist Chinese renminbi (up 6.3%) or the Russian ruble (up 6.8%)? The name of no such monetary prophet jumps to mind.
As for the Iraqi stock market, it is as much a hope as an institution. Trading is spotty, financial information is scarce, and the state-of-the-art technology is a white board. Yet the prices scrawled in marking pen have been in a strong uptrend. At last report, they were ahead by 36.8% on the year. For the plucky foreigner who got in at the lows, the total return — stock-price gain augmented by currency appreciation — would have topped 50%.
Markets give, and markets take away. The financial future is forever a closed book. Yet, to quote a Wall Street proverb that we first read in Grant's Interest Rate Observer, which has been ahead of other publications in respect of what might be called the other Iraq surge, "Money may be mis-informed, but it is never insincere." Something bullish would appear to be afoot in a most improbable place.
All I have to say is US Navy....bring it on..lolol
I posted that at 2:00..
MHII nice response here to news...nice call
MHII wow nice response to news
SBRV nice recovery....looks ok now
SBRV nice recovery...needs gas
VSTR off the bottom nicely
VSTR gone green....thx Santa
VSTR cheap here imo
VSTR cheap here imo
HEGP here she goes now
in HEGP TRIED 05'S nada...06
BSLM blew away 10 day quickly....need steam now
BSLM just got email...somebody on it
in BSLM....GOOO you mutha
BSLM gapping here on the news....nice
UDHI news
MNDP maybe eod run here
MNDP added .0059
SDVI here she goes
SDVI flying now
MNDP added here ...cheap imo
Adding MNDP..think it's cheap here...imo
.0006'S GETTING CREAMED ICBM
0005's getting hit ICBM
ICBM news
SDVI upt'g here goooooooooooo
took out some 0004's ICBM....got email who knows?