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 " Frank, you can cancel Monday cc if you think the GCR will start on Monday IMO"

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ymoilman2



Posts : 4613
Join date : 2012-01-04

PostSubject: " Frank, you can cancel Monday cc if you think the GCR will start on Monday IMO"   Sat Jun 22, 2013 8:48 pm

Frank26 and KTFA Members Thoughts Saturday Evening
06/22/2013 


nuts:  I have a strange feeling iraq is going to get ch7 without an rv. anybody else feeling that? not trying to be a negative nelly and we all know its coming, but we are probably days away from them getting ch7 released. we have sailed through so many "they cant do it without rving"'s that I feel this is just another one coming...

***********
jaxjags » 
Here are some thoughts about Iraq leaving Chapter 7.

When is happens on Thursday, June 27, 2013 the IQD will also be acceptable/tradeable internationally. Also, Iraq still has debt..........like $100s billion of debt that still require payment.

Now consider this; if the IQD stays at 1166, for every one (1) USD of debt, Iraq has to use 1166 IQD for payment. There is NOT enough IQD in the universe to pay all their debt at this rate.

For example, it would take the following to pay at the current rate of 1166;
$100,000,000,000 X 1166 = 116,600,000,000,000. I believe this is 116 trillion IQD to pay off $100 billion in debt.


Now, lets say the IQD is increased in value to $4.00 = 1 IQD. The 116 trillion IQD requirement is reduced to ......................25 billion IQD...............25,000,000,000.
AMAZING.

This is why Iraq will increase the value of the IQD. IMO

**********
Bandit:  Love your opinions above ....but ?.......... Without an increase in the rate ( ie: 1:1 )...... the Lower Denoms would be useless.......Right?

***********
Frank26 » June 22nd, 2013, 7:42 pm  •

Hi ....... From Ohio.


I just finished reading the last thread and was coming over to give some stuff of value and review the last 3 CCs on the transaction into RD/LD once Ch7 is lifted.


But my heart tells me ......... Wait till Monday. I will take notes on Your opinions of this subject and add to Monday's CC.

Why Frank26?

Because I KNOW there is no paper saying RD/LD first then they get Ch7.........

Yet to get Ch7 UNSC says they have to obey all mandates from IMF and one of them is to increase the value of their currency.

So........ What do I KNOW .......... To argue this tonight.   The definition of ECONOMIC INTERNATIONAL TRADE needs to be better understood ...... IMO.


KTFA,   Frank...... I will also gladly take request to cancel Monday. :D


**********

Vet_1975:  Frank, you can cancel Monday cc if you think the GCR will start on Monday IMO

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terbo56

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Join date : 2012-02-10
Location : Florida

PostSubject: Re: " Frank, you can cancel Monday cc if you think the GCR will start on Monday IMO"   Sat Jun 22, 2013 10:12 pm

Never happen- We've already had it busted off in our asses 100 times over, and the 27th of this month won't be any different- I tried to tell you people, but nobody listens- Oh' well-We'll be a lot older before this ever happens- BANK ON IT-
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ymoilman2



Posts : 4613
Join date : 2012-01-04

PostSubject: Re: " Frank, you can cancel Monday cc if you think the GCR will start on Monday IMO"   Sat Jun 22, 2013 10:24 pm

terbo56 wrote:
Never happen- We've already had it busted off in our asses 100 times over, and the 27th of this month won't be any different- I tried to tell you people, but nobody listens- Oh' well-We'll be a lot older before this ever happens- BANK ON IT-
This Time, It Looks Like Very "REAL". Read the below:

IMF to Release Currency Composition of Foreign Exchange Reserves with Expanded Currency Range
Press Release No. 13/211
June 17, 2013

The International Monetary Fund (IMF) will release on June 28, 2013 at 9:00 a.m. (Eastern Standard Time) the quarterly data on the currency composition of official foreign exchange reserves (COFER) with expanded currency range. The data will, for the first time, separately identify two additional currencies: the Australian dollar (AUD) and the Canadian dollar (CAD).
COFER is a database managed by the IMF’s Statistics Department, containing end-of-period quarterly data of reporting countries/jurisdictions. With the separate identification of AUD and CAD, seven currencies will now be distinguished in COFER data: U.S. dollar, euro, pound sterling, Japanese yen, Swiss franc, AUD, and CAD. All other currencies will be included indistinguishably in the category of “other currencies.”
The data can be accessed on imf.org: http://www.imf.org/external/np/sta/cofer/eng/index.htm.
IMF COMMUNICATIONS DEPARTMENT
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Herb Lady

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PostSubject: Re: " Frank, you can cancel Monday cc if you think the GCR will start on Monday IMO"   Sat Jun 22, 2013 11:14 pm

Thanks Yman!


Take care of the land and the animals and they will take care of you!

Come visit my site at:  http://onenaturesmagic.com/
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