Comments on: China forgives major Iraqi debt

By: michel

michel — Tue, 05 Jan 2010 06:15:31 +0000

Probably the question will sound kind of stupid,but, dont you think that after this dinar revaluation the american dollar market will be affected(too much dollars againist few dinars) ,or you believe that this will make the usa market even more stronger?

By: Marie

Marie — Sun, 15 Nov 2009 18:06:20 +0000

@ MIke

By: Adam Montana

Adam Montana — Sun, 15 Nov 2009 15:06:58 +0000

Matthew definitely gets my vote for funniest comment.

By: Mike

Mike — Sun, 15 Nov 2009 04:04:15 +0000

Everyone, please take a breath and just sit on your Iraqi Dinars for a while.

Worrying and fretting about this RV price and time that we don’t have control over will serve no purpose.

Someday we will all be very wealthy, but its important to not have an heart attack on or before the RV.

All I ‘m suggesting is to get rich and THEN get excited about it. That’s all I want to say.

By: Marie

Marie — Sun, 15 Nov 2009 00:20:11 +0000

Thank you William and DMO…. I saw the 1.49 conversion hiccup and got really excited to the point I didn’t want to sleep.. I also noticed the DT no COD message also.. I hope this is really going to happen, I would love to pay my bills off soon. Adam give us some good news soon…

By: DMO

DMO — Fri, 13 Nov 2009 21:35:38 +0000

Marie, From my understanding information was released to a site and people went nuts and started posting all kinds of things. I spoke with DT earlier. They mentioned that after 11:30 am today that they could no longer take COD orders except by wire transfer. They are taking all other currency orders unless they are over 10 Million and then you have to fax a copy of your money order to them before they send it out. I definately thinking we are moving closer to the mark.

By: William N. Gaillard

William N. Gaillard — Fri, 13 Nov 2009 21:14:17 +0000

Marie:

No, nothing actually happened today.

There may have been an electronic hiccough somewhere in the world, but it was quickly corrected. However, one of my currency brokers said that because of this pan-flash, there was a run on his existing supply 2003+ IQD’s and he just ran out of stock today.

Again, ye olde rumour mill takes its toll on our sensibilities.

By: Matthew

Matthew — Fri, 13 Nov 2009 18:03:42 +0000

Adam you have some real lunatics over at dinarvets. I have never in my life seen such garbage being peddled as I have on that site. There is absolutely no discernment in regards to rumor/lie and fact over there. Anyone who has a logical view on the the subject dinar speculation is chastised and threatened with removal from the chat room. I am afraid I cannot continue to be a part of this ridiculous forum if it remains associated with dinarvets.

By: Marie

Marie — Fri, 13 Nov 2009 00:41:21 +0000

I read something was going to happen today… any news yet??

By: William N. Gaillard

William N. Gaillard — Wed, 11 Nov 2009 16:27:02 +0000

Both BP (British Petroleum) and the Chinese National Oil Company just co-signed a quite substantial dual contract to develop the untapped oil fields in the greater vicinity of Basra to the southeast and all points due west to the Trans-Jordan, respectively.

It is not so much that China is actually “forgiving” Iraq’s debt at all, but, rather, transferring the physical incidence of that debt from cash and gold reserves to that of extracted Saudi-sweet-grade crude; in other words, from greenbacks to petro dollars. This, in turn, will serve to check any more hemorrhaging of Iraqi Dinars into the coffers of Beijing. Understandably, this also exerts some measure of foreign control over the host country’s economy. You never get something for nothing.

Developed countries do this all the time with poorer, however, resource-rich countries. I know—I used to do it.