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» Update 6/27/13
Thu Jun 27, 2013 4:48 pm by MichaelG

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Sun Dec 09, 2012 2:08 pm by MichaelG

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Sat Feb 04, 2012 11:39 pm by MichaelG

» Info Update 1/17/12 @ 10:05pm
Wed Jan 18, 2012 2:13 am by bjm6961

» Closing TY2011
Fri Dec 30, 2011 11:00 am by Boopski

» Info Update 12/23/11 @ 11:05am
Fri Dec 30, 2011 9:16 am by MichaelG

» Info Update 12/15/11 @ 8:35am
Fri Dec 16, 2011 7:27 pm by Mlowe

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Info Update 10/4/11 @ 4:30pm

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Info Update 10/4/11 @ 4:30pm

Post by MichaelG on Tue Oct 04, 2011 5:31 pm

Some big meetings happened across the pond today. There is a rumor that an anouncement was made on Iraq TV and in the newspapers to citizens about the dinar re-valuation and details on how they will convert the bigs over to the littles. We are trying to find out about that but may take 24 to 48 hours to do that. Hang tight and keep prayed up.


Last edited by MichaelG on Tue Oct 11, 2011 4:52 pm; edited 1 time in total

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Re: Info Update 10/4/11 @ 4:30pm

Post by Mlowe on Tue Oct 04, 2011 6:10 pm

How does the battle with China and her devalued currency affect the Dinar rv? Some in congress want China to increase the value of their currency.

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Re: Info Update 10/4/11 @ 4:30pm

Post by MichaelG on Tue Oct 04, 2011 11:22 pm

Really good question, I hope I can do this justice. I like these juicy ones.

China is the most involved in the foreign trade with Iraq at this time because of the value of the IQD. No one else really wants to trade with Iraq for this reason. As for the Cash-In Event that we are waiting for in the RV process, China will not be an influence in that.

Congress wants China to increase the value of their currency so when the Ding increases in value it will assist in keeping trade in that area balanced. If there is one country with and grand increase in currency value that is significantly different than other neighboring countries, it will cause such an instability in the regions economy, it could result in civil unrest.

I like to look at in Genoa terms. I have a nice house. My neighbor tears his house down and rebuilds a mansion. How do you think they will feel of the neighbors properties draging down the value of his property. His property apraises for $250,000 for a $500,000 estate. He might be mad and may not be to civil when we met on the road. He will build a privacy wall to seperate the properties, or call and complain about the "mess" in the neighbors yard, some complaints even made up. All to get his neighbors mad enough to move or try something stupid so he can have them arrested. OR, now I want the nice things he has and try to come about them dis-honestly. Same fellings when we meet on the street, he builds a privacy wall around his property and complains about me and discredits me in the community hoping I will move. Both ways result in fights and him taking over what I had to leave behind when I had to get out of town.

History shows this has happened may times. On a level of countries doing this it is called war. This could be a problem if the Dong increases and the Yuan is still not worth much. Honestly, the US is sticking it's nose in to many other countries business when it should be taking care of it's own problems with the economy. I have a feeling we are about to get that nose bloodied before long.

I hope my silly example helps explain some. It's the best way I know to explain it. Thank you for the questions, it helps me to walk through some of these examples. I forget sometimes that not everyone understands what I'm talking about with foreign economics and trade.

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Re: Info Update 10/4/11 @ 4:30pm

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