Zig’s Place Chatroom News Thursday Afternoon 6-9-22
Zig’s Place Chatroom News Thursday Afternoon 6-9-22
Zig: Welcome to Zig's Place, a chat room for dinar speculators and others....discuss any topic that you wish
Sah My gas this week is $6.69 for regular. Cheapest gas station to pay cash in town. Otherwise $6.79 at other stations. I won't by electric till nano battery comes out in car. It doesn't catch on fire and will go over 9,000 miles in one charge. I don't mind different people's view on politics as long as there is no name calling or mud slinging.
UNEEK Sah :Yes:
butterfly Sah I just bought some fuel and was shocked at the prices but I go to Circle K, whenever I can. Got mine for $5.05 today.
butterfly Weekly gas prices peaked at $4.11 during President George W. Bush’s time in office. Prices were also as low as $1.07 during his presidency.
The movement of gas prices doesn’t correlate with who’s in office. It’s determined by the balance of supply and demand, and influenced by the health of the economy and OPEC policies. https://www.politifact.com/factchecks/2021/oct/25/facebook-posts/gas-prices-peaked-under-bush-they-dont-correlate-w/
Tebow Electrical grid can't meet charging demands. It's not about green energy, it's about control. Energy to charge EVs comes from Coal/Gas powerplants. Which burn fossil fuels.
butterfly That second paragraph says everything everyone needs to know. It is OPEC. They have said they will continue to raise the prices. I can't remember what year who was in office at that time, but it raised to $7.00 +
UNEEK @Tebow I agree with that as well
butterfly In Kentucky they closed the largest/biggest coal plant, sold all of their equipment.
UNEEK butterfly wow
Tebow Gas prices have doubled since Biden took office -The national average price of a gallon of gas has doubled since President Biden took office in January 2021 – a dubious milestone for the administration as it scrambles to tamp down inflation ahead of the upcoming midterm elections.
The national average hit a record $4.86 per gallon on Monday, according to AAA data. The staggering sum is more than twice as high as the average price on Jan. 20, 2021, when the national average cost of a gallon was $2.39.
The recent surge of gas prices has provided fresh fodder for Republicans and other critics who argue Biden’s energy policies have contributed to economic pain for ordinary Americans.
“Joe Biden’s war on American energy has forced families across the country to empty their wallets to fill their tanks. Unfortunately, Biden is doubling-down on his disastrous agenda because he’s not the one paying the price – the American people are,” Republican National Committee Chair Ronna McDaniel said in a statement.
UNEEK you can have extra gas in hard times but you can't have a "reserve" of electricity when the power goes out
Tebow It's Biden prices hikes on everything
UNEEK well unless you have some solar generators i guess or gas generators
Tebow The national average hit a record $4.86 per gallon on Monday
butterfly Several bus loads drove to Louisville to meet with him bc he was going to take away their pensions/healthcare. He said he would work on it. They fought tooth and nail, but lost a lot of it bc of him.
butterfly Carbon dioxide levels are now 50% higher than during the pre-industrial era
CO2 has not been so high since before hominids walked upright – and are not dropping fast enough to avert catastrophe https://www.theguardian.com/environment/2022/jun/06/carbon-dioxide-levels-increase-global-heating-study
Tebow Gas Prices Soar to 11th Consecutive Record-Day High of $4.95 -
Tebow Worried about CO2 just wait until next winter when people can't buy home heating oil. They'll start chopping down trees for firewood to stay warm during the winter........... CO2
butterfly What are gas prices around the world? For comparison, the average gas price in the U.S. is about $4.96 per gallon as of June 8, according to AAA. WHAT WE FOUND
Hong Kong: $11.21.
Norway: $10.82.
Denmark: $10.32.
Sweden: $9.33.
Netherlands: $9.11.
Israel: $8.30.
Germany: $7.89.
France: $8.57.
butterfly What state has highest gas prices? California
Why is gas so expensive in California? California has by far the most expensive gasoline in the country for three reasons. First, the state has the second highest gas taxes in the US. California charges an extra 51 cents for every gallon of gasoline. May 24, 2022
butterfly What country has the highest gas prices in the world? Hong Kong
Residents of Hong Kong pay the highest international gas prices, with one gallon setting them back $10.97. Norway has the second-highest gas prices at $9.64 per gallon, followed by Denmark where gas costs an average $9.32 per gallon.
Sergio Hello all just doing a drive by
Doug_W @Sergio @Sergio @Sergio
Sergio Hey Doug looks like things are still staying positive in here and that’s great.
Zig @Sergio : Long time
Sergio Zig Oh it’s not that long, only since 2011
Sergio Here is something to ponder over. What if the Iraqi Dinar becomes worth more then the dollar on its own and the Dollar becomes what the Dinar worth is today? Why would you trade in your Dinars for the Us Dollar???? Lol Those who claim to be in the know, have know idea what is going on lol.
Sergio I wonder if Kap can answer that?
Sergio I bet none of those who claim to know about this forecast have even contemplated this.
Sergio According to data presented by Finbold, the U.S. dollar has depreciated sixfold over the past 50 years. In 1972, the worth of one dollar was $1, but by 2022, the value of a dollar has dropped by an incredible 86%, to $0.14.
Zig @Sergio : Oh you're still here?....lol...I am sure @Kap (@NORV) will answer you
Sergio Zig Was waiting around for him but I have a meeting very soon so I might miss him
Sheila Price of Gold today: https://www.marketwatch.com/ = 1850... So 1 divided by 1850, makes Dollar worth about 1 penny. Is this correct?
Sheila Jim Willie posted today: Jim Willie Interveiws on US Debt, US Bonds, Nesara/Gesara and much more 6-9-2022 https://dinarrecaps.com/our-blog/jim-willie-interveiws-on-us-debt-us-bonds-nesaragesara-and-much-more-6-9-2022 -- https://www.youtube.com/watch?v=mlSC9WxynF4
butterfly Iraqi students take first places in Worldwide Mental Arithmetic Competition 2022 ............ Baghdad (IraqiNews.com) – Iraqi school students took the first place in the Worldwide Mental Arithmetic Competition, World Association of Mental Arithmetic Schools (WAMAS-2022), held in the city of Sharm el-Sheikh, Egypt, from 1 to 2 June, 2022.
In addition to many Iraqi students wining in the competition, the Iraqi student Noor Al-Hussein Basem Muhammad from Najaf city won first place, and Nina Muhammad Khader from Kirkuk city won second place.
Around two thousand school students from Arab, African, Asian and European countries participated in the competition.
In the competition, students need to a solve large number of math problems in a period of time that does not exceed ten minutes. https://www.iraqinews.com/iraq/iraqi-students-take-first-places-in-worldwide-mental-arithmetic-competition-2022/
butterfly baghdad-INA Ministry of Finance and the World Bank agreed Tuesday on a roadmap for the tax system.
Media office of the Ministry of Finance stated in a statement received by the Iraqi News Agency (INA), that “under the guidance and follow-up of the Minister of Finance, Ali Abdul Amir Allawi, and based on the agreement between the Iraqi Ministry of Finance and the World Bank, related to the aspect of improving the work of the tax system in Iraq, he expressed his willingness to provide the necessary support towards reforms of tax administration.
The statement added, "Support will be provided to help Iraq enhance the effectiveness of the General Tax Authority, with the support of the team funded by the Office of Foreign and Commonwealth Affairs in the United Kingdom, which includes introducing good international practices and helping the authority to use modern technology."
The statement continued, "The agreed roadmap consists in conducting an assessment of the performance of the tax administration using international standard tools, and providing guidance on tax administration issues according to a reform program that relies in its work on the use of technology over the medium term from 3 to 5 years, as well as exercising an advisory and technical role by supporting the design of a technical procurement process.
The statement explained that "this agreement comes within the framework of the Ministry of Finance's endeavors aimed at raising the efficiency and performance of all its institutions, as part of a series of reform measures for financial institutions adopted by the ministry by introducing modern systems and keeping pace with current international standards and with the supervision and support of experts, specialists and leading organizations in this sector." https://ina.iq/eng/19919-finance-ministry-world-bank-agree-on-a-road-map-concerning-tax-system.html
NORV @Sergio The dinar will never revalue, but if it floats as the IMF wants, it could eventually rise to a value greater than the dinar. That being said, the dinar value is based on the success and growth of Iraq's economy. Investors may be in for a surprise if and when that happens because they will have to watch it's value grow like any other currency that floats. That means creating an account with a broker or market maker within FOREX, depositing your dinars into some type of dinar denominated account and in essence become a currency trader determining when or how much you want to sell as the dinar rises. Time will tell.
NORV There is also another alternative, not one we want to see....
NORV Which is being taught through various symposiums in Iraq to citizens. Which is a currency exchange. They want to replace the dinar with a new dinar without the zeros. Meaning this is a LOP of sorts giving the new dinar value and the current dinar a fixed value. In that case, you will have to just sell it off.
NORV If you want to read about the currency exchange here is a link...
NORV https://www.pukmedia.com/AR/details/?Jimare=160032
NORV Or you can read the professional documentation on the subject.
NORV https://www.iasj.net/iasj/article/216703
NORV This is a really good symposium that discusses the dinar, the two options and why there could never be a significant RV with over 103 trillion dinar in circulation...
NORV http://www.baytalhikma.iq/News_Details.php?ID=1467
Zig You may not like what NORV has to say.....tough....lol....he is welcome here as is everyone else....I often don't like what he has to say either....lol
NORV Anyone is welcome to think what they want, but these articles prove what is being discussed.
NORV later zig. have a good day! :Floating:
Zig NORV : See ya....too bad @Sergio had nothing to say....oh well....
Sergio Zig I just finished up with my meeting. The Iraqi Dinar has never been spot traded which is what banks or brokers use in making money on. They look at the market of currencies in which all currencies
Sergio sorry hit the send button by accident
butterfly European Union legislators intend, later this evening, Wednesday, to vote on the future of fuel-powered cars starting from 2035, according to the American "ABC News" channel.
She added, "The vote scheduled for the Council of the European Union later in Strasbourg, France, is part of the European Union bill to intensify the fight against global warming."
She explained that cars are responsible for about 12% of greenhouse gas emissions in Europe responsible for climate change.
This vote would force automakers to cut carbon dioxide emissions by 100 percent in 2035, a move that would amount to that year's European Union ban on the sale of new petrol or diesel cars.
The auto industry and some political voices are urging a more gradual transition to all-electric fleets, with a 90% CO2 reduction in 2035 as a potential compromise.
” of cars in 2030 compared to 2021. https://www.ninanews.com/Website/News/Details?key=981200
Sergio Iraqi currency now being a program rate which the IMF came up with so as to keep the Dinar from falling off the face of the earth and Iraq agreed with to take the route
Sergio As I was told by the IMF which you know Zig that the central bank of every country sets their exchange rate.
Sergio Also as to what’s put out in print is and always been a subject to what they want you to see or believe. Know one or group of people can predict what is going to happen. Just like when the USA defaulted on their debts many times in the past.
butterfly @Sergio correct
Sergio Government can decide to take away your money anytime they want.
Sergio That happened in Greece when they went into the bank accounts of people and took half of what they saved and shot the middle finger to the people
Sergio So to forecast what and will not happen, is being a tad foolish. What any country will and would not do is not something that can always be pinned pointed.
Sheila @Sergio Believed that also happened in Cyprus.
Sergio sheila Yup
Sheila @Sergio And Myanmar or was that Bhutan?
Sergio sheila Not sure
Sheila @Sergio Never mind. I really don't know for sure.
Sergio As far as all Currencies no one not even the central banks themselves really do not know what’s going to happen.
butterfly Fitch Affirms Iraq's Region Trade Bank at 'CCC+' Thu 09 Jun, 2022 - 5:58 AM ET https://www.fitchratings.com/research/banks/fitch-affirms-iraq-region-trade-bank-at-ccc-09-06-2022
Sergio It could be that all Countries could be throwing the money out in the street because it will be worth nothing
Sergio My advice is try to be happy with what you have right now because it could be all gone tomorrow!
Sergio Kap I am not disagreeing with you other then know one knows what’s going to happen.
Sheila Opinion Only: Entire supply chain system seems to be falling apart on Brandon's watch. Seems this process has been accelerated since Jan 20, 2020. And guess the Fed banks never expected this to be this fast. We all know we might not be able to recover. And now many realize they have been lied to. Believe these problems might get much worse before it's gets better. Can see how people are waking up by the primary elections being held this summer.
NORV @Sergio You have to be careful with the term "program rate." The guru's like to misrepresent that as a preclude to some magical RV. That is not what it means. Yes, the IMF did work with the CBI to reduce the value several year ago ( I think 2015) as part of a reform package that included a new Stand By Agreement and assistance with managing the dinar. By no means does the term Program Rate mean anything other than assistance to manage monetary policy.
Sergio A few of the peeps know I was talking to everyone in currencies. I even had the privilege of talking with David Briggs who was the head of Iraq security department at the UN also a person in the CBI still waiting lol
Sheila @Sergio I am not aware of your contacts. Pleased to make your acquaintance.
Sheila @Sergio All I know yesterday it took 90 dollars to fill up. Just a year and half ago it took less than 40 dollars.
NORV sheila Its going to get much worse.
Sheila NORV Yes, that's what I said in my Opinion Only posted above.
Sergio NORV When the war in Iraq was over the provision between the US and Iraq and the IMF came up with program rate also it was the USA that came up with the new Iraqi Dinar
NORV For example, several banks around the world that depend on dollars to finance imports have declared bankruptcy, more to come.
Sergio NORV If I can I’ll get my documents and post them in here along with email that where sent.
NORV @Sergio That is not true. The dinar exchange rate at the time of the issuance was what they rate of the old Saddam dinar was at the time in 2003.
Sergio NORV Hold on for a few
Sergio L. Paul Bremer III, the American civil administrator in Iraq, announced Monday that authorities would print a new currency, in new denominations and without Hussein's portrait, to begin circulating Oct. 15.
NORV I dont specifically recall the time period but the new dinar was issued at about 4500 dinars to $1. Shabibi reduced inflation over the next few years to get it about 1166 to $1
butterfly inserting something here
butterfly sandyf Sun 24 Jan 2016, 21:53 Encouraging article.
http://aletejahtv.org/index.php/permalink/96689.html
If companies are quoting for the repairs then it must be perceived that it is going to be safe enough to carry out the work. Personally I cannot see any real change until Iraq has retaken total control of the country.
NORV @Sergio I have read every document and been studying this full time since 2006
Butterfly @Sergio I have a very long one that should be posted here from your old website. Should I or Should I not?
NORV @Sergio I really don't have the time today to have a long conversation with you. But I would recommend reading the Article IV Consultation from the IMF from 2013. It best describes the directive from the IMF as to what will happen with the dinar. That is of course, if Iraq can find a way to diversify there economy.
Tebow 9 yrs ago :HaHaHa:
Sergio NORV All I can say it was Paul bremer ahead of the Provisional Authority who where telling iraq what to do with the currency
Sergio NORV Long conversation not need.
Tebow RV = :$$$: :$$$: :$$$: :$$$: :$$$:
Sergio @Tebow lol I don’t need the RV to be rich.
Sergio I did I’d the hard way. On my own!!
Sheila @Sergio Well some of us have not been quite that fortunate. This is our path to follow the yellow brick road.
Tebow @Sergio me either
Sheila @Sergio One day I will share what we spent our fortune on during these last 13 years.
Sergio sheila let’s hope it happens for all who are invested in it.
Sheila @Sergio ditto, amen
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