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View Full Version : Enoch08 Post: Outside Source - 4/22/10



usc73man
04-22-2010, 10:55 PM
Enoch08 Post: 1D 4/22/10

April 22, 2010 · Posted in CHATS / POSTS

Enoch: This one was showing a real estimated Program Auction Rate that CBI should have had in 2009. http://www.ozforex.com.au/cgi-bin/currency-converter.asp
Based on the Reserves and GDP shown for 2009, by the IMF, CBI, CIA and GOI/MoF
592 IQD = 1 USD or .0017
my calculations came to .002 for 2009 and projections were .003 for the auction values for 2010.
That does not include the hidden asset values like oil in the ground and some other factors that would increase the Iraq Reserve Values by 10 fold.
It also does not include a very important Economics Rule of Increased Demand for money, that multiplies that another 10 fold, potentially.
I am estimating, that if they continue the auctions this year, the real program rate should be at about .003
(still does not take 115 Billion Proven reserves into account….nor does it take increased demand for currency, when the population is 10 time wealthier.)
Those combined factors can increase that auction rate by 3 zeros or times 1000

3noch8: This shows me that some Forex folks agree….. and post this up as a way of communicating, without violating anti trust or insider trading laws.

armondtoth
04-23-2010, 06:37 AM
I would agree with this statement, good post

tim5400
04-23-2010, 11:30 AM
so 1000 x .003 = 3.00 hmmmm i could like this rate

fuel451
04-23-2010, 12:00 PM
Site still shows 1 USD = 1168 IQD. Keep up the good work.

hopefultxn
04-23-2010, 12:50 PM
Really don't see this as a way for anyone to 'communicate' to avoid anything illegal. Who would post something all over the internet that they want to keep within a small group of people? Think someone is really making a stretch to try and make sense of this or more likely to make it fit into a pumping scenario. JMO