NEWSSTIME WITH BGG and Co. – Thursday, January 19, 2017
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    NEWSSTIME WITH BGG and Co. – Thursday, January 19, 2017



    BGG says(6:39 PM):
    Q & A - whatever you like. I don't mind answering questions about RCookie or whatever you all wanna' talk about tonite.

    magnetlady says(6:39 PM):
    OK.

    coco1 says(6:40 PM):
    Would it be alright to ask where he lived, like which state?

    BGG says to coco1(6:40 PM):
    It would not.


    Josie says(6:40 PM):
    ?

    coco1 says(6:40 PM):
    No problem, I understand privacy issues.

    BGG says to coco1(6:40 PM):
    not to be snarky - but at some point later we will be more forthcoming with info, an Obit - pics and the like.


    coco1 says(6:41 PM):
    That would be wonderful. Thanks!

    BGG says to coco1(6:41 PM):
    We want to make sure the family has a very private moment to grieve.

    the reason we'll bring out the info later is we also want to be completely transparent. Now is not the time.


    slh5282 says(6:42 PM):
    I have to say one quick thing.. I have found myself looking at the people in the chat room to see if he is in because he had such great insight, knowledge and was a great educator. He is going to missed in the community and his knowledge even more. May he rest in peace and his family have the comfort of knowing he was one HELL OF a GUY.

    BGG says(6:43 PM):
    BTW - I want to say thank you - and I am so proud of the way The community stepped up - DU in particular. The Robert Cook memorial fund hit it's goal today - we'll leave it up for a while... but WOW - you guys!!

    https://www.gofundme.com/robert-cook-memorial-fund

    It's on THE BLOG...

    https://www.dinarupdates.com/blog/


    THE OBSERVER

    https://www.dinarupdates.com/observer/


    Josie says to BGG(6:44 PM):
    Are you ready for questions ?

    coco1 says(6:44 PM):
    I'm not in the same time zone as you all, and limited Chat Room access. So every morning for most of 2016, I read through the Chat Logs, looking for what rcookie had to say.

    BGG says(6:45 PM):
    and several places in the FaceBook group
    https://www.facebook.com/groups/571383766355188/

    BGG says to Josie(6:45 PM):
    One sec...

    BGG says(6:45 PM):
    Mrs BGG would you mind saying a quick prayer to get us started us off right??


    MrsBGG says(6:45 PM):
    Dear Heavenly Father, we come to You by the Blood of Jesus. We thank You for Your Love, Grace , Mercy & Forgiveness! We thank You for the Holy Spirit who is our Comforter. We thank You for rcookie and celebrate his life. We lift up rcookie's family and all his friends in this room and everywhere that You will continue to comfort them and give them Your peace. We thank You for Your peace that passes all understanding. We love You and trust You : ) We pray for the inauguration tomorrow that everything will go smoothly and that You will be glorifed Father. We thank You for each person here and their families and pray that You will bless them and keep them and cause Your Face to shine upon them. We give You all the Glory, Honor, and Praise! In Jesus precious Name, Amen.


    wilson6060 says(6:45 PM):
    amen

    Okie Dinar says(6:45 PM):
    Amen!
    magnetlady says(6:45 PM):
    AMEN
    slh5282 says(6:45 PM):
    amen
    wvchsr says(6:45 PM):
    Amen
    BGG says(6:45 PM):
    Amen
    digiman1 says(6:45 PM):
    amen
    morris says(6:45 PM):
    AMEN
    dcook2 says(6:45 PM):
    Amen
    dwsdad says(6:45 PM):
    amen
    john09 says(6:46 PM):
    Amen
    jfinny says(6:46 PM):
    amen
    dale says(6:46 PM):
    In Jesus Name Amen
    larrykn says(6:46 PM):
    Amen
    tycho says(6:46 PM):
    Amen
    baxter says(6:46 PM):
    amen
    jackflash101st says(6:46 PM):
    +AMEN+
    hunter59 says(6:46 PM):
    AMEN
    pacella says(6:46 PM):
    AMEN
    MeginHim says(6:46 PM):
    Amen
    sassy says(6:46 PM):
    Amen
    JR67 says(6:47 PM):
    Amen

    MrsBGG says(6:48 PM):
    Welcome everyone to News Time; For anyone who is New, please wait if you have a question or comment and put a ? We will let you know when to go; It makes it easier on the copiers and readers; Sit back , relax, and enjoy.

    MrsBGG says to Josie(6:49 PM):
    GO


    Josie says(6:49 PM):
    I noticed Supreme Judicial Council person Medhat al-Mahoud was replaced this past week. He used to be a topic of conversation at DU as being a dishonest corrupt character (Maliki appointed around time of Alak I believe? ) and one that we would celebrate his being replaced. Yet, I didn't see/hear much regarding that he is now gone. Good / bad ?? No longer matter ?

    BGG says to Josie(6:52 PM):
    Thanks for the question - I haven't had much time to think about it lately... I saw the news. He either has been - or is being replaced. For Iraq in the long term - it's a GREAT thing. Likely means a further diminishing of the sectarian tensions... good news. In relation to currency reform and economic reform - not a direct influence.


    IMHO

    wilson6060 says(6:52 PM):
    ?

    coco1 says(6:52 PM):
    ?

    MrsBGG says to wilson6060(6:53 PM):
    GO


    BGG says to Josie(6:53 PM):
    C'mon gang - nothing off the table.


    wilson6060 says(6:53 PM):
    Do you think we are at a revalue stand still till the second review is done by the SDA in March

    BGG says to wilson6060(6:54 PM):
    NO - IMHO


    MrsBGG says to coco1(6:54 PM):
    Go


    coco1 says(6:54 PM):
    I went though the .pdf you posted. Most of it difficult for me to understand, but I noticed their meetings with the IMF are now twice a year rather than quarterly. That certainly must be a good sign of progress.

    BGG says to coco1(6:55 PM):
    Agreed - and (for everyone else)... if you hadn't noticed, I posted Robert's last "review" of the IMF review of Iraq's SBA... I had it for a few days and hadn't gotten it out. As important now as ever.

    on THE BLOG - https://www.dinarupdates.com/blog/


    coco1 says(6:56 PM):
    ?

    MrsBGG says to coco1(6:56 PM):
    go


    coco1 says(6:57 PM):
    One more - do you find it odd we haven't seen any statements from the World Economic Conference by Iraqi officials?

    BGG says to coco1(6:57 PM):
    I do - I find a lot of things VERY strange lately...

    so much progress - much like the IBAN being accepted and utilized and we heard about it a week later.


    Josie says(6:58 PM):
    ?

    coco1 says(6:58 PM):
    Good point.

    BGG says to coco1(6:58 PM):
    anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4??


    coco1 says(6:59 PM):
    Yes

    BGG says to coco1(6:59 PM):
    not sure anyone even knows what this means - but very odd (to say the least)...


    digiman1 says(6:59 PM):
    yes...

    coco1 says(6:59 PM):
    Also, did Abadi not attend the WEC? I would assume he would be there, but nothing indicating he was there.

    BGG says to coco1(7:00 PM):
    along the same lines - Mr White and I were talking on the phone recently - he thinks as a result, we may have to be digging to find the exact time of any value change - we use to say "just check the CBI". That's out the window...


    MrsBGG says to Josie(7:00 PM):
    Go


    Josie says(7:00 PM):
    Was there anything that came out of Davos meetings that you were suprised by in a good way ? (lots of great news and some seemed what we might have hoped for or even been expecting to some degree) but anything come from Switzerland conference that made you say "whoa, nice!"

    7shelia says(7:01 PM):
    ?

    BGG says to coco1(7:01 PM):
    I'm not sure either way - no evidence.


    coco1 says(7:02 PM):
    But news about Barzani attending - say what?????

    BGG says to Josie(7:02 PM):
    I have been so busy lately (with everything) I really hadn't had the time - but I did have that one "earmarked" as something to be looking at...

    on the other hand - I don't think we'll see some "big announcement" out of something like that - doesn't add up.


    Josie says(7:03 PM):
    ok thanks.

    Sunshine1 says(7:03 PM):
    ?

    BGG says to Josie(7:03 PM):
    it's gonna' happen overnite - we will (hopefully) know quickly, but we might have to dig and verify. IMHO (Mr White's too...)


    MrsBGG says to 7shelia(7:04 PM):
    Go


    7shelia says(7:04 PM):
    Is there any chance that we have already had a value change, but has not been posted on the CBI??

    BGG says to 7shelia(7:04 PM):
    anything is possible - but we have such broad contacts, I just doubt it has.


    MrsBGG says to Sunshine1(7:04 PM):
    Go like your name


    Sunshine1 says(7:04 PM):
    If we dont look at the CBI for the rate change, where will we find that information?

    7shelia says(7:05 PM):
    ok TY

    BGG says to Sunshine1(7:06 PM):
    We're gonna' be looking at everything in context... probably some kind of "inter-bank memo" since they in the process of "re-engaging" right now.


    MrsBGG says to Sunshine1(7:06 PM):
    Thank you so much for copying and being part of the DU team!!


    Josie says(7:06 PM):
    "we will hopefully know quickly" Can you clarify your comment ? Meaning 1) You and Mr.White are expecting something near term in IQD rate change or 2) WHEN it happens, it will happen quick

    Sunshine1 says to BGG(7:07 PM):
    Thanks.

    MrsBGG says(7:07 PM):
    Mr. BGG will be right back...


    Sunshine1 says to MrsBGG(7:07 PM):
    I'm honored to a part of this wonderful team.

    MrsBGG says to Sunshine1(7:08 PM):
    Thank you, and yes we are blessed with a wonderful team here @ DU!!

    MrsBGG says(7:09 PM):
    If anyone is ever interested in copying , you can let one of the copiers or Mags know, magnetlady : )


    magnetlady says(7:09 PM):
    You bet Mrs. BGG always looking for another pair of hands.

    MrsBGG says to magnetlady(7:10 PM):


    BGG says to Josie(7:10 PM):
    Both - 1) based on Alak's comments... 2) obviously the CBI method for delivering such info has changed some... we will know though.


    Josie says to BGG(7:11 PM):
    Works for me Thanks

    MrsBGG says(7:12 PM):
    Does anyone have anymore questions?


    Josie says(7:13 PM):
    I have more if others dont ? Dont want to squander this great opportunity

    heartland says(7:13 PM):
    ?

    MrsBGG says to heartland(7:13 PM):
    GO


    BGG says to Josie(7:13 PM):
    Well - as long as you're in the mood.

    BGG says to Josie(7:13 PM):
    Go ahead.


    Josie says(7:13 PM):
    Do you factor in liberating west Mosul on timing of rate change ? or no longer

    heartland says(7:14 PM):
    Would you expect that there will be enough competition between banks that the exchange rate may be less than what you were stating a couple of weeks ago

    BGG says to Josie(7:14 PM):
    I - personally, think it's the "stick" - in the "carrot and the stick"... The IMF/UN/WB is done with the genocide. Not fact, my hunch.


    heartland says(7:15 PM):
    I am referring to those of us exchanging here with U.S. banks

    BGG says to Josie(7:15 PM):
    the more I look at this - the more I am inclined to think..

    BGG says to heartland(7:15 PM):
    Bed news: I doubt it...

    good news: anything is possible...

    better news: the longer you wait - the better your prospects get.

    (Bad News) (lol)


    heartland says(7:16 PM):
    OK Thanks

    MeginHim says(7:16 PM):
    ?

    MrsBGG says to MeginHim(7:16 PM):
    GO


    MeginHim says(7:17 PM):
    what rate were you quoting before?

    BGG says to MeginHim(7:18 PM):
    I was not - I was simply illustrating how banks currently treat exotic currencies - relative to buy/sell spreads.


    bubbles says(7:18 PM):
    ?

    BGG says to MeginHim(7:18 PM):
    Kuwaiti Dinar is still considered a thinly traded "exotic"...

    BGG says to MeginHim(7:19 PM):
    Iraq is almost certain to land in this category... no biggie - it's alot like you're all sitting on a penny stock about to get listed on the big board - no matter where it goes, it's gonna' be good.


    MrsBGG says to bubbles(7:19 PM):
    Go


    bubbles says(7:19 PM):
    Just got here but can they have a rate and not showing it? How are they doing business other wise?

    BGG says to MeginHim(7:20 PM):
    the "not showing" part is not a long term thing - we'll know pretty soon. No matter what.


    Josie says(7:20 PM):
    ?

    BGG says to bubbles(7:21 PM):
    Woops - that was for you bubbles.


    MrsBGG says to Josie(7:21 PM):
    GO


    BGG says to bubbles(7:21 PM):
    like the name.


    Josie says(7:21 PM):
    Mention on Twitter today of Barzani opening up talks again with Baghdad on Kurdistan becoming autonomous. (conveniently after meeting with Biden in Davos who has been a fan of dividing Iraq) Is that just more posturing or would we even care if that happened specifically as it relates to our investment)

    bubbles says(7:21 PM):
    ok thanks

    MeginHim says(7:21 PM):
    thx BGG !

    BGG says to Josie(7:22 PM):
    he's always "opening up talks" with Baghdad... the Kurds only talk one thing... but they couldn't afford it now - even if Baghdad kicked them out on their @$$.

    political posturing...


    Josie says(7:22 PM):
    Side Bar: Smokin Joe was touting too that he accepted an invitation to Erbil. Someone needs to remind Joe his term is now mentioned in hours, not days. Tick tock...

    coco1 says(7:23 PM):
    ?

    BGG says to Josie(7:23 PM):
    Tillerson is gonna' work this thing out.

    Joe needs to go (do something else)...


    MrsBGG says to coco1(7:24 PM):
    Go


    coco1 says(7:24 PM):
    I thought that invitation to Erbil was interesting as well, given his term is up in hours. Was wondering if something else was behind it.

    BGG says to coco1(7:25 PM):
    Of course - current Administration is dropping all this junk on the incoming Administration - trying to box them in... probably what this JIVE is all about.


    jeffusa says(7:26 PM):
    if Joe is still there after noon tomorrow.. does he have to fly United home?

    MrsBGG says to jeffusa(7:26 PM):
    This is News Time...


    jeffusa says(7:26 PM):
    sorry

    BGG says to coco1(7:26 PM):
    Iran, Iraq, Chelsea Manning, etc, etc, etc... I would be shocked they don't put some kind of big time aid package (or make promises) on the way out.


    MrsBGG says to jeffusa(7:26 PM):
    No worries : )


    coco1 says(7:27 PM):
    ?

    MrsBGG says to coco1(7:27 PM):
    Go


    coco1 says(7:28 PM):
    I recall some speculation that Iraq would want to get this done before another administration stepped in. They have had to deal with two administrations already.

    BGG says to coco1(7:29 PM):
    That kind of speculation is always available. Still is...


    coco1 says(7:30 PM):
    One last question ?

    MrsBGG says to coco1(7:30 PM):
    Go


    BGG says to coco1(7:30 PM):
    OK - last one (lol)


    coco1 says(7:31 PM):
    On the European bonds - would it be like last year when they tried to do this, they can sell bonds without the international exchange rate?

    BGG says to coco1(7:31 PM):
    They can - but I doubt they will.


    coco1 says(7:32 PM):
    I like that answer!

    BGG says to coco1(7:32 PM):
    They are also going to have a lot more international support - they had little support last time.


    Josie says to coco1(7:32 PM):
    Or Iraq will pull what Iran did to Jimmy Carter in 1980 out of spite to Obama and roll it out upon swearing in of new administration so now Trump gets benefits just as Reagan was then positioned to announce to world that hostages are now free mere hours after being sworn in

    BGG says to coco1(7:33 PM):
    and this international support is vital. Who cares what value you set on the currency if no one will accept it??

    Saddam learned this lesson the hard way.


    BGG says to coco1(7:34 PM):
    OK gang - there it is.


    jeffusa says to BGG(7:34 PM):
    ?

    BGG says to coco1(7:34 PM):
    Sorry about the News Time wiff... we'll do better next time.


    coco1 says(7:34 PM):
    That's what I thought, but they tried to sell last year, so I was trying not to get my hopes up. Like you say, lesson learned!

    MrsBGG says to jeffusa(7:35 PM):
    Go


    jeffusa says to BGG(7:35 PM):
    so what about Joe how does he get home??? hmmmmmm lol

    MrsBGG says to jeffusa(7:35 PM):
    : D


    Josie says to coco1(7:36 PM):
    Thank you BGG and Mrs BGG. Can't fathom where we would be without you and the whole DU team ! So grateful

    bubbles says to jeffusa(7:36 PM):
    walks? : D

    MrsBGG says to jeffusa(7:36 PM):
    take a train it's more scenic : )


    coco1 says(7:36 PM):
    Thanks, BGG, Mrs. BGG, Mags ... really appreciate your spending some time with us in chat through this most difficult time.

    magnetlady says(7:36 PM):
    He has 2 thumbs, could use one of them.

    jimplants says(7:36 PM):
    better yet stay there

    MeginHim says(7:36 PM):
    Thx BGG and Mrs. BGG

    MrsBGG says(7:36 PM):
    Thank you everyone for joining us!!


    bubbles says(7:37 PM):
    thank you

    MrsBGG says(7:37 PM):
    Thank you Mags for copying!!


    jeffusa says to BGG(7:37 PM):
    great newstime... bacon for everyone

    MrsBGG says to jeffusa(7:37 PM):
    Whoo hoo!! sounds great!

    MrsBGG says(7:38 PM):
    Love & Blessings to you'all ( L )


    Last edited by magnetlady; 01-20-2017 at 01:56 AM.



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