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View Full Version : Mods Q&A session 10:15 pm EST - PART 1



Brownbaby
01-10-2010, 10:10 PM
mailman17: LETS GET ORGANIZED

DRKHRSE:It means read the Forum Gatoe

mailman17:PLEASE SEND YOUR QUESTIONS TO BUTTERFLY

cjandbull:i thought she left mm17

butterfly:i am here
butterfly:sorry

cjandbull:nope she is ihere

butterfly:forgot i was ghosted lol

mailman17:GOOD POINT DRK...I REALLY DONT EXPECT TO SEE ANY QUESTIONS ALREADY COVERED IN THE FORUMS

mailman17: OK BUTTERFLY...THEIR ALL YOURS..
mailman17:GO

butterflyk so all questions get Imd to me, right?
butterfly:are we modding?

DRKHRSE:50 IM's just hit Butter's Screen
DRKHRSE:and we are Butter

mailman17:ANY MOD CAN JUMP IN...PLEASE DO NOT LET ME ANSWER ALL THE QUESTIONS...AS YOU KNOW HOW I HATE TO TYPE
mailman17:YES BUTTER..ALL TO YOU

butterfly:Nomrah I: what is the consensus reason for Iraq not
pullling trigger on RV

DRKHRSE:I'll try MM can correct

mailman17:TIMNING IS NOT RIGHT YET...
mailman17:GO AHEAD DRK

DRKHRSE:NOM... the thought was Maliki had it, then was essentially forced not to use it for Political Gain

butterfly:let me know wehn you want the next question

DRKHRSE:It's back where it belonged in the 1st place

mailman17:OK BUTTER

DRKHRSE:Shabbibi
DRKHRSE: ok

butterfly:trini: how long after the erm is inplace can we expect
an rv?

DRKHRSE:
Not to sound Contrite

mailman17:JAN 31ST AT THE LONGEST
mailman17:IMO

DRKHRSE:I need to type faster

mailman17:LOL
mailman17:OK NEXT

butterfly:Uptheriver: how important is it to not have a auciton

DRKHRSE:UP
DRKHRSE:remember the chats about auctions and NO USD
DRKHRSE:so there essentially could be one
DRKHRSE:but if there is USD involved it has to wait until Eod of that day

mailman17:AUCTIONS HAVE A PLACE IN THE RV AS THEY TAKE IN DINAR...SOMETHING THE CBI NEEDS TO HAVE AS MUCH OF IN THEIR GREEDY LITTLE HANDS
mailman17:AND THE MORE THE HAPPIER SHABS IS
mailman17:ANYONE ELSE WANT TO CHIME IN....GO AHEAD..
mailman17:OK NEXT

butterfly:kingdavidhi: What do you folks think about 1) the
likelihood of a coup, and 2) any advantage of a coup,
as mentioned in the posted op-ed piece?

mailman17:NO COUP...NO WAY...
mailman17:NEXT

butterfly:joerake: follow up to erm question: isn't the exchange
rate mechanism the same as an rv so when it happens
the new rate is already there?
butterfly:ALL QUESTIONS GO TO ME PLEASE IN IM

cjandbull:yes joerake

mailman17:JOE..IN A WAY YES....BUT IT CAN BE DELAYED

DRKHRSE:Joe in essence yes
DRKHRSE:the ERm is the prelude to the RV

mailman17:THE ERM IS A TOOL.....NOT THE FINAL RV

DRKHRSE:It sets up the RV

mailman17:OK NEXT

butterfly:Rat: I understand the US taking over the Security files
but if they took over the economic files as well what
does that mean?

Mailman's neighbor:Right it is on the path but not all the way there

mailman17:RAT...WHO BETTER TO TAKE OVER THE ECONOMIC FILES THAN THE SAME PEOPLE WHO BASICALLY RUN THE IMF AND THE UN....THE u.s...

Mailman's neighbor:But, MM what exactly are the economic files?

mailman17:PLUS BEING THE THE US IS THE MAIN COUNTRY INVOLVED IN EVERY ASPECT OF IRAQ

DRKHRSE:Rat - think about it
DRKHRSE:who really runs Iraq
DRKHRSE:we back everything they do

mailman17:ECONOMIC FILES HAVE A WIDE RANGE...THEY COVER EVERYTHING FROM THE DFI TO ASSETS TO INFRASTRUCTURE PLANS TO MINITRY ALLOCATIONS ECT..

Cool:may I ask a q

DRKHRSE:Hey Cool
DRKHRSE: of Course

mailman17:BASICALLY THE US WILL BACK IRAQ TOTALLY IN ALL AVENUES

Mailman's neighbor:The files are what helps to establish how they run their money and conduct their monetary business not only intra but also between countries

Cool:does that maked them the same as an american territory
Cool:like porta rico not spelled right?

DRKHRSE:you didn;t say LOADED ?

mailman17:NEIGHBOR...AND WHO BETTER TO GUIDE THEM THAN THE US

Mailman's neighbor:No, we are just assisting. If they were a territory, would they not also have to use the dollar?

mailman17:OK NEXT

butterfly: (IN REGARDS TO THE AUCTIONS) Uptheriver: understood but, in the overall scheme of
things so what if they sell a few mill usd they still
would be getting in dinar on that day right?

DRKHRSE:Since Kurds essentially have an autonomous Govt wholly different that PR... even the Govt entity is set up differently in this case

Cool: okay thanks
Cool:didn't know how that worked

mailman17:COOL...IF THAT WWERE THE CASE AND THEY WERE LIKE PUERTO RICO...THEY WOULD HAVE TAX DOLLAR ASSISTANCE...WHICH THEY DONT

DRKHRSE:UP - Yes or No
DRKHRSE:Sounds like I'm backing away but not really

Cool: okay thanks

DRKHRSE:sometimes they simply do a transfer
DRKHRSE: But yeah even if... they "should be collecting Dinar back"

mailman17:YES.....ALTHOUGH THE AUCTIONS PLAY A VERY CRITICAL ROLE AND HAVE BEEN FOR THE LAST 6 YEARS...IN MY OPINION, DONT BE SURPRISED TO SEE ON THE DAY OF THE RV.

DRKHRSE:MM Was I right in that IF USD is involved they have to wait until End of day?

mailman17:80-90 PERCENT OF THE AUCTIONS LATELY HAVE BEEN OUTSIDE TRANSFERS...IRAQS BANKS ARE DRIED UP...WHICH IS GOOD

DRKHRSE:Or Close of Business - semantics but important Yes

mailman17:OK NEEXT

butterfly:blackhoeman: what do you think of minister of
finance releasing 20% of 2010 budget for investment
projects and social programs? blackhoeman: IMF disbursement march 17th they
stipulate a tradable currency 30 days prior to this what
happens if iraq fail to adhere to this?

DRKHRSE:WOW

OIF_Vets_for_Dinar:Although I cant answer that, Great Follow Up ? BHM

DRKHRSE:OK instead of the MM and DRK show hows about someone else thake a shot at #1

mailman17:THE 20% IS NEEDED TO KEEP THE GOVT AND ITS SECTIONS RUNNING....THEIR LAWS SAY THEY MUST HAVE A VALUE BY THEN.....IMO THEY WILL....HANG ON STILL THINKING

DRKHRSE:IMO also the Social programs will keep the Populace from Rioting since the rest of the Govt isn't yet funded
DRKHRSE:let them eat at least

OIF_Vets_for_Dinar:Exactly DRK, WATER & ELECTRIC
OIF_Vets_for_Dinar:ETC.

ldbrewe:and the investment projects

OIF_Vets_for_Dinar:Public works Programs

Brownbaby
01-10-2010, 10:10 PM
DRKHRSE:Now for the 2nd part of BHMs ?
DRKHRSE:the mar 17 disbursement

OIF_Vets_for_Dinar:YEah right DRK lol

mailman17:EVERYTHING IS IN PLACE FOR THEM TO BECOME INTERNATIONALLY TRADEABLE...FROM THE TBI TO ISX TO THE CBIU AND SHABS PULLING THE TRIGGER....I TRULY DONT SEE THM STALLING MUCH LONGER...THAT WAS MALIKIS WAY ...NOT SHABS

DRKHRSE:OK MODS where was Shabbibi BEFORE CBI?

cjandbull:un?

wolverine4dinars:The UN

DRKHRSE:Think he knows the danger of NOT pulling the trigger on time?

cjandbull:yes

Cool:didn't I hear that he was educated in the usa

DRKHRSE:Yes

Cool:or am I wrong

OIF_Vets_for_Dinar:You bet your bottom dollar he does

mailman17:THEY KNOW AFTER THE ELECTIONS...THINGS WILL PICK UP AND GO AT A FASTER RATE THAN BEFORE...INFRASTRUCTURE WILL BOOM. IT CANNOT WITH THE CURRENT MEMBERS OF PARLIMENT

Cool:so if so he may have a little get in done attitude :)

DRKHRSE:The Guy has done an unbelievable job of keeping a stable currency

ldbrewe:i agree

DRKHRSE:the IMF wantes him to be "the one" I'm sure

butterfly:READY FOR THE NEXT ONE?

mailman17:OK BUTTERFLY...NEXT

DRKHRSE:Sure Butter -

butterfly:sprout43: think iraq will use a dual ERm...like Ven.
did this week?

mailman17:NO I DO NOT

cjandbull:no

wolverine4dinars:I thought it was an IMF requirement that Iraq had to shoe they could keep it stable for a lengthy period of time, before they could RV it, am I wrong on that count?

DRKHRSE:The threat of Hyperinflation would keep me far away from that

wolverine4dinars:show

mailman17:WOLVIE...YOU ARE CORRECT

ldbrewe:u are right wolv

DRKHRSE:My understanding

mailman17:AND THEY DID

wolverine4dinars:Just about a year.

Cool:sorry didn't realize we were moderated guys

mailman17:OK BUTTR....NEXT

DRKHRSE:Shabbibi again did an AMAZING job - with the country literlayy blowing up around him

butterfly:tapeboy: i read somewhere a while back that cbi
wasnt able to rv until they kept the rate steady for 1
year. that will be 1170 for a year on the 18th of jan i
think. any comments?

butterfly:I HAVE LIKE 18 MORE SO LETS KEEP THIS GOING

DRKHRSE:Tape... Yes... but even before the 18th it didn't move "much"

cjandbull:he did have to keep it stable but i am not sure of the time table

mailman17:YEP...THEY ARE ON TRACK...THEY HAVE DONE EXACTLY AND TO THE LETTER WHAT THE IMF HAS REQUESTED...
mailman17:NEXT

butterfly:rhandegan: is there any reason it would not go by the
end of march? thank you

DRKHRSE:None

cjandbull:no

indianarich:nope

mailman17:NONE THAT I CAN THINK OF...
mailman17:NEXT

butterfly:jabez: what would likely cause it to not RV tonight?

cjandbull:timing

mommobile:being iraq

DRKHRSE:jabez... The Iraq Factor... Until we see it

ldbrewe:i think some corruption is part of it
ldbrewe:the prevention of it

DRKHRSE:It may or it may not... I know that's a cop out but true

mailman17:NOTHING I CAN THINK OF...AS WE HAVE STATED BEFORE...WE ARE ON A DAY TO DAY BASIS.....I REALLY CANT TELL YOU ANY REASON WHY THE CANT....

DRKHRSE:Brewe Correct the US has accused much of Maliki's band of
being Corrupt

mailman17: UNTILL TOMMORROW WHEN THE REASON SHOWS UP IN
PRINT SOMEWHERE...LOL

butterfly: hawkdown: How much longer can GOI stay up and
running w/out RVing? hawkdown: releasing 20% of the budget could
probly
run the country for a month,6 months a year?

DRKHRSE: Hawk - 20% mathematically would run it for ~ 45 days???

mailman17: THE 20% WILL BE ALL THEY NEED TILL THE RV

DRKHRSE: but that would be applying the 20% across the board

Cool: sorry mm and when did you say they would get this 20%

mailman17: DRK....HELL, I ACCUSE THE WHOLE FRIGGIN COUNTRY OF
BEING ON THE TAKE...

ldbrewe: lol

DRKHRSE: And as Brewe referred to... may be a reason we hav't been
privvy to

mailman17: COOL...DONT KNOW YET...

wolverine4dinars: Not really Mailman only about 30 million of them.

Cool: okay been out of loop a while thanks

DRKHRSE: next

mailman17: NP COOL

butterfly: DoodleAcres: So sorry butterfly, I didn't realize it was
moderated with all the different participants! If the US
wants the RV to happen, why do they continue to
participate in the auctions?

mailman17: OK BUTTER...NEXT
mailman17: THE US DOESNT PARTICIPATE...

DRKHRSE: Banks do right?

mailman17: YEP

DRKHRSE: so Cb wanting more Dinar
DRKHRSE: or whatever Doodle

mailman17: ITS BASICALLY THE SEELING AND BUYING OF DIANR
AND THE DOLLAR
mailman17: BY THE CBI AND THE LOCAL BANKS
mailman17: NEXT

butterfly: Bankerbabe: Is there a correlation between RV and
recent increases to GCC member currencies?

DRKHRSE: hmmmmmm

mailman17: HMMMMMMMM.....I PLEAD THE FIFTH ON THIS ONE...

ldbrewe: hahahaha

DRKHRSE: Well... we know the GCC is looking for a Stable common rate
DRKHRSE: somewhere in the 2's
DRKHRSE: we know Iraq isn't a "participating" menber

mailman17: LETS SAY IRAQ WAS GOOD WITH THE RATE OF
1.47....LETS JUST SAY

DRKHRSE: but..... Other than that your guess good as mine banker

mailman17: AND THEN THE IMF UPGRADES EVERY SINGLE
CURRENCY IN THE GCC
mailman17: NOW...LETS JUST SAY......THAT IRAQ SAYS...HOLD ON!!!!!
mailman17: I WANT AN INCREASE TOO?
mailman17: SO NO THEY MAY BE NEGOTIATING A NEW RATE...LETS
JUST SAY

ldbrewe: we will see what the GCC does on Jan 23rd

mailman17: THE ABOVE IS JUST A OPINION AND DOES NOT REFLECT
ds AND ADMINS TAKE ON THE MATTER.....LETS JUST SAY..

DRKHRSE: Wrap everything above with a GREAT BIG ........ IMO

Cool: lol that would be worth waiting for MM
Cool: IMO

DRKHRSE: cause we know what the room will be focusing on later
DRKHRSE: otherwise

butterfly: READY?

DRKHRSE: GO

butterfly: jl24: there as a lot information posted back in Nov.
from different sources that the rate was $2.47. Is that
information now considered old news or was it
debunked due to speculation from high sources?

mailman17: JUST AN OPINION ON A POSSIBLE SCENARIO...NO ONE
ELSES BUT MINE

DRKHRSE: We have heard that the CBI released "certain" rates
DRKHRSE: to see where leaks were coming from
DRKHRSE: the $2.47 I don't think was one of them, BUT nobody here
is going to peg a rate

ldbrewe: no one knows the rate here
ldbrewe: it is all speculation

DRKHRSE: again what I put above WRAP IT IN .............. IMO

mailman17: OLSD NEWS....NO ONE REALLLY KNOWS THE RATE DOE
SURE...ONLY THAT SHABS HAS SAID ON NUMEROUS OCCASSIONS
THAT HE WANTED TO BE ON PAR OR BETTER THAN THE DOLLAR,
soooooo 1.47 FITS THAT JUST NICE...DONT YOU THINK?

ldbrewe: yes sir..
ldbrewe: i am with that

mailman17: OK NEXT

butterfly: jl24: if they do not RV and set a budget, will the
IMF/UN/US step in to run the country as it will violate
thier constitution?

mailman17: DONT THINK IT WILL COME TO THAT....BUT YES THEY
MIGHT

Cool: then would they rv it?

DRKHRSE: JL... The ERM is a method to avoid that situation IMO -
make what is there and available capabable of running the country

mailman17: THEY WOULD HAVE TO

ldbrewe: yep

mailman17: IMO
mailman17: CORRECT DRK.....THE ERM IS THE LAST STALL TACTIC
THEY HAVE...NO MORE AFTER THIS

DRKHRSE: So
DRKHRSE: think about
DRKHRSE: they have LETS SAY
DRKHRSE: 1MIL equivalent of USD in Dinars today
DRKHRSE: fire up that ERM and it becomes Equivalent of 1BIL USD of
Dinars

mailman17: OOOOHHH...GO ON

DRKHRSE: BTW 1Mil Equiv Dinar is ~ 1Billion Dinar

mailman17: KEEP GOING

DRKHRSE: ok

DRKHRSE: So you have 1 Billion Dinar to run everything
DRKHRSE: No budget
DRKHRSE: and need MONEY NOW
DRKHRSE: you take that wonderful ERM
DRKHRSE: and make the 1 BIL Dinar
DRKHRSE: worth 1 BIL or so USD and keep things running
DRKHRSE: and we at DS are Happy CAMPERSW
DRKHRSE: cause that means RV

ldbrewe: spot on DRK

mailman17: AND REMEMBER THAT MOST OF THEOSE FIGURES ARE
JUST ON PAPER.....AS EASILY AS THEY ARE PUT ON, THEY CAN BE
ERASED...FOOD FOR THOUGHT

mailman17: BAM

DRKHRSE: Unless it's a BIG # then I'm making 'em use a Sharpie

mailman17: OK BUTTER NEXT'

butterfly: jl24: Why was the decision to pull the trigger in
Malikis hand in the first place? Was it ever really his
decision? It seems like if it was, there was too much
to gain from his perspective to not pull the trigger.

angel42b: mm whats your take on the bank of Baghdad post. (you
can make cross border payments in over 135 currencies world wide.)

DRKHRSE: I'll take JL's

butterfly: angel, hang on please

DRKHRSE: OK JL

butterfly: there are other questions beofre yours

DRKHRSE: there has been speculation that Shabbibi wanted the
Spotlight taken off of him

mailman17: I BELIEVE APPROVAL BASICALLY....EVEN THOUGH THE
CBI GOVONOR MAKES THE CALL, IT STILL HAS TO PASS THROUGH
MALIKI FIRST....THE BUTTHEAD JUST HELD ON TO IT A LITTLE
LINGER THAN HE WAS SUPPOSED TO ( HIS OWN POLITICAL
GAINS)...JMO

DRKHRSE: Letting Maliki have the RV did that and had us all hoping
and praying he would use it to political advantage

ldbrewe: besides..we never see politicians announce a RV

DRKHRSE: Then the parliament forced his hand and made sure it
wouldn't be used for Political gain
DRKHRSE: back to Shabbibi where it belonged in the 1st place
DRKHRSE: and Shabbs don't mess around
DRKHRSE: Anybody else?
DRKHRSE: Cause Once I get rolling.....................

ldbrewe: you are exactly DRK

mailman17: ok butter next

butterfly: brownbaby: my mom wanted me to ask you guys.....What
do you feel would be the most compeling reason for
Shabs to Rv....Imf? Budget? or elections?

ldbrewe: I say for teh people of Iraq

DRKHRSE: IMO Budget and the People... start rebuilding the Country -
alll kinds of reasons

Cool: all three I would think

mailman17: shabs has no affiliations.....his job is to get iraq back in
the swing and ito the world as a emerging nation

zay: Right now you can see that they are in dire need of some money
to start projects and feed the people
zay: Also they have to pay on their loan

ldbrewe: its all full circle

zay: Since its not driven for politics i wouldnt say the Election IMO