NEWSSTIME WITH BGG and Co. Sunday, May 7, 2017
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  1. #1
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    NEWSSTIME WITH BGG and Co. Sunday, May 7, 2017


    beachandcountry says(7:25 PM):
    THANKS FOR CHAT TIME "PREVIEW"! AND CHAT TIME BBG'ers! :dj s75
    magnetlady says(7:25 PM):
    You are most welcome beachandcountry

    BGG says(7:28 PM):
    Hey gang - how is everyone tonite?


    Okie Dinar says(7:29 PM):
    GE BGG Good. Hope you are well
    Baxter1243 says(7:29 PM):
    Fine Thx BGG... Ready for some Great NEWS
    Flynn says(7:29 PM):
    Great Tom how r you

    BGG says(7:30 PM):
    I am good all - Thanks for asking.


    eman4u55 says(7:31 PM):
    :sad
    dickmiller says(7:31 PM):
    Great
    BGG says(7:31 PM):
    This was lunch...


    Cricket22 says to BGG(7:31 PM):
    Hi BGG

    BGG says(7:32 PM):
    Woops - wrong pic - that was the other day... Keto Pizza...


    Cricket22 says to BGG(7:32 PM):
    Looks great! Is it Gluten Free?...LOL
    Dinarian1 says(7:32 PM):
    did you say "Gheto Pizza"? LOL
    Dinarian1 says(7:32 PM):
    looks great!!
    dickmiller says(7:33 PM):
    How are you bgg

    BGG says(7:33 PM):
    Here it is..


    Martha Sue says to BGG(7:33 PM):
    even the wrong lunch looks great! What's the crust???

    BGG says(7:34 PM):
    Grilled Blue Cheese Burger with Blue Cheese dressing in a wrap.


    eman4u55 says(7:34 PM):
    ok thats just great now i'm hungry :gnam
    Dinarian1 says(7:34 PM):
    mmmm looks so good!

    BGG says to Martha Sue(7:34 PM):
    That is a Fat Head crust - soooooo good.

    better than traditional.


    Dinarian1 says(7:34 PM):
    for sure!
    tycho says(7:34 PM):
    :gnam where is our burger BGG :gnam
    Babe says(7:34 PM):
    fathead crust is the best and you can do all sorts of other things with it

    BGG says to Martha Sue(7:34 PM):
    OK - let's get going with News Time tonite.
    BGG says to Babe(7:35 PM):
    ( y )


    eman4u55 says(7:35 PM):
    :angel
    Martha Sue says to BGG(7:35 PM):
    s39 oh ok ... of course I knew that! lol will have to find out what that might be
    Flynn says(7:35 PM):
    Is fathead low carb
    Babe says(7:36 PM):
    yes

    BGG says to Flynn(7:36 PM):
    purely Low Carb...


    Flynn says(7:36 PM):
    Will have to find that

    BGG says(7:36 PM):
    Ok - Mrs BGG would you mind saying a quick prayer to start News Time off tonite?


    Mrs BGG says(7:36 PM):
    Heavenly Father, we come before You by the Blood of Jesus. Thank You for Your amazing Grace, Mercy, & forgiveness! Thank You that You are the King of kings and Lord of lords. Thank You that You are the Good Shepherd. Holy Spirt have Your way with us. Thank You for leading and guiding us Holy Spirit. We love You and trust You. Thank You that You are our Healer and Shield. We thank You for each person who helps on the site and their servant/leader's hearts. We thank You for BGG and his leadership and the whole DU team. We pray for our President and those in authority that You will continue to protect them and give them wisdom. We thank You for each person here and pray that You will bless them and keep them and shine Your Face upon them and give them Your peace. We give You all the Glory, Honor and Praise. In Jesus Name, Amen.


    eman4u55 says(7:36 PM):
    amen :amen
    larrykn says to Mrs BGG(7:36 PM):
    Amen
    tycho says(7:37 PM):
    AMEN
    willie60 says(7:37 PM):
    amen
    SRW says(7:37 PM):
    Amen
    john09 says(7:37 PM):
    Amen
    dale says(7:37 PM):
    Amen
    BGG says(7:37 PM):
    Amen
    dinarforme says(7:37 PM):
    AMEN
    Dinarian1 says(7:37 PM):
    amen

    Mrs BGG says(7:37 PM):
    Welcome everyone to News


    morris says(7:37 PM):
    AMEN
    dagger says(7:37 PM):
    Amen
    wvchsr says(7:37 PM):
    amen
    magnetlady says(7:37 PM):
    AMEN
    Baxter1243 says(7:37 PM):
    Amen..
    luckyone says(7:37 PM):
    amen
    AAADR says(7:37 PM):
    AMEN
    Babe says(7:37 PM):
    Amen
    snowhite says(7:37 PM):
    AMEN
    scottiegirl says(7:37 PM):
    Amen
    Flynn says(7:37 PM):
    Amen
    Gman says(7:37 PM):
    Amen . And so be it.
    jackflash101st says(7:37 PM):
    +AMEN+
    eaglesrest says(7:37 PM):
    amen

    Mrs BGG says(7:38 PM):
    Welcome everyone to News Time tonight! For anyone who is new, and a reminder to those who have been here before.


    hunter59 says(7:38 PM):
    AMEN
    Carl_H says(7:38 PM):
    Amen

    dickmiller says(7:38 PM):
    Amen
    Dwsewell1 says(7:38 PM):
    Amen!!

    Mrs BGG says(7:38 PM):
    if you have a question or comment, please use a ? and please wait for the Q & A time

    News Reserchers are welcome to join in!

    It may take awhile to get to your question if there are serveral , we write them down in order so we will get to you!

    Sit back, relax, and enjoy!

    We're glad you're here!! s71


    Cricket22 says(7:38 PM):
    Amen!
    Charlie&Gracie says(7:38 PM):
    Amen
    Okie Dinar says(7:39 PM):
    Amen
    Martha Sue says to BGG(7:39 PM):
    Amen
    sassy says(7:39 PM):
    Amen
    goblio says(7:39 PM):
    amen.
    Wilson6060 says(7:40 PM):
    Amen

    BGG says(7:40 PM):
    Hey folks - here we are...
    BGG says(7:40 PM):
    seemingly as close as ever.
    BGG says(7:40 PM):
    (a little different News Time tonite)

    BGG says(7:41 PM):
    a friend calls me this week - long time friend... has a couple of questions for me to answer.

    he's a little poopy and been listening to some characters he shouldn't... little bit on the "downer side" ...

    he asks #1 - How can Iraq, if they have 25 Trillion Dinar outstanding - ever RV at a $3 dollar rate and pay for it? Isn't that like 75 Trillion Dollars??

    before I get going on this - anyone have any thoughts they would like to share??


    jxxl says(7:44 PM):
    ?

    Mrs BGG says to jxxl(7:44 PM):
    go


    jxxl says(7:45 PM):
    this is very old, they should have

    grown up

    BGG says(7:45 PM):
    Thanks.


    cjquade54 says(7:45 PM):
    amen

    BGG says(7:46 PM):
    Let me answer his question in two parts... and I bring this because it is relevant to everyone here.

    everyone wants to KNOW.


    larrykn says(7:47 PM):
    yes

    BGG says(7:47 PM):
    First, we have NO IDEA what the real outstanding number is - OUTSIDE OF IRAQ. That is the key number. I'll explain why in a sec.


    goblio says(7:47 PM):
    All value is supply relative to demand. Iraq has a lot of potential supply. Plus their value was artificially lowered when the war was started by Sadaam.
    dickmiller says(7:47 PM):
    Yes please

    BGG says(7:47 PM):
    there is NO RELIABLE INFO on this... if someone says "they know" they are LYING.


    Mrs BGG says to goblio(7:48 PM):
    please hold

    If you have a question or comment please use a ?


    BGG says(7:48 PM):
    even the CBI's internal people can only estimate... and they don't think it is that much. Could be as low as 3 Trillion - maybe less now...

    So - the real lesson is not to base complex analysis on wide gaps in actual information. The 25 Trillion number is likely a flawed assumption... AND if they get "international support and acceptance" - that 3-6 Trillion could even get held in various Treasuries as "Foreign currency reserves" - JUST LIKE IRAQ CURRENCLY DOES FOR OTHERS.

    Did that term "international support and acceptance" ring any bells?

    BGG says(7:51 PM):
    Second half of the answer...

    Who - in Iraq ever said anything DIRECTLY about $3??

    More "internet hyperbole"... blah, blah, blah...

    FLAWED ASSUMPTIONS.


    SRW says(7:52 PM):
    CBI Management.. He is going nowhere with this.. They know what is in the coffer. If they didn't then they need to find a different job..

    BGG says(7:53 PM):
    all of the foundational documents we have uncovered and are using as our basis research seem to indicate something around $1...

    SIGR report

    Iraq MOP studies...

    recent interviews with CBI Officials...

    all of which have been published over and over and over here at DU.

    I haven't verified $3 ONE TIME - NOT ONCE.

    in fact, it seems clear they intend to get to $1 - but how exactly they intend to do that - we are not sure of... NOR CAN WE BE.

    Relax and enjoy the show - YOU'VE GOT A TICKET TO RIDE!!

    : D


    BGG says(7:57 PM):
    back to the first part... the only reason they have to worry about what is outside of Iraq is they might have to redeem it in some way. Both the CBI has been sensitive to this issue for some time... and the IMF - UN - WB has had an eye on it as well.

    the Dinar that is INSIDE Iraq is still going to be worth a Dinar. Nothing changes on that front - they just get more for it.

    It's not costing the CBI a DIME!!

    a Dinar is still worth a Dinar - post RV.

    Iraqis are not going to be POURING INTO BANKS to exchange their Dinar for some other foreign currency... why would they?


    beachandcountry says(7:59 PM):
    ? in a while

    Mrs BGG says to beachandcountry(8:00 PM):
    go


    beachandcountry says(8:00 PM):
    soon wont interupt now slow typer

    BGG says(8:00 PM):
    So we've established some rationale for the amount - the number and how they can accomplish it.

    The next part question he had was - are we sure the UST hold 4 Trillion or some other number in our foreign currency reserves?

    I'm like - "How could anyone POSSIBLY know that"?

    it's NOT POSSIBLE.

    there is no published document that shows we do - and if we did - it likely wouldn't matter... we would never know and the US would likely just hold it as a FCR.

    I'm like - is any of this true or did you see it on CNN??

    #Fake NEWS.


    Dinar Dave says(8:03 PM):
    And who cares...lol

    Mrs BGG says(8:03 PM):
    Does anyone have any questions or comments?


    Pablo says(8:04 PM):
    ?

    Mrs BGG says to Pablo(8:04 PM):
    Hey there! Go


    Pablo says(8:04 PM):
    If they let it RV to around $1, how long do you think they will keep it there before they let it go up further?
    puffdragon says(8:04 PM):
    comment

    BGG says(8:04 PM):
    Why do we assume they will go up?

    Where is that documented?

    go back to the foundational documents they have published.

    no $3 anywhere.


    Paul Mc says(8:05 PM):
    ? In your mind, is the SIGR report, in and of itself, enough evidence that we will be, at some point, exchanging our dinar at a higher price?

    Mrs BGG says to puffdragon(8:05 PM):
    go


    BGG says(8:06 PM):
    probably - but if that weren't enough there are about 4 other documents that, in one way or the other, seem to point to the same value.


    puffdragon says(8:06 PM):
    I recall someone gave a number of 4.78 T dinar was del to thr UST in the Bush adm, dont remember who made that statement quite some time ago !

    BGG says(8:07 PM):
    if I don't exchange all at one time - it will have to with taxation. No need to pay taxes all at one time. If it stays in Dinar, there is no gain. Hence - no tax due.

    and - as a byproduct, I get to observer a little longer - maybe they take another jump later on.


    larrykn says(8:08 PM):
    comment

    BGG says to puffdragon(8:08 PM):
    and without documentation - you might as well have heard it on a FaceBook Meme.

    Mrs BGG says to larrykn(8:09 PM):
    go


    larrykn says(8:10 PM):
    looking at the past , we know IQD was at $3+ at one time. the Kuwait dinar is over 3+ now. I would think at sometime in the future they would want to be at least even with Kuwait, an ego thing

    Paul Mc says(8:10 PM):
    ? Are the remaining foundational documents you mentioned above, on your web site for perusal, and if so, where are they located on the web site?

    Dinar Dave says(8:11 PM):
    Saddam was the ego thing you speak of...
    larrykn says to Dinar Dave(8:11 PM):
    still the IMF ok the 3+ range

    BGG says to larrykn(8:11 PM):
    We are welcome to think that - but... when presenting factual news and commentary... best to stick with facts and print in INK.

    $3 is NOWHERE in sight.


    Paul Mc says(8:12 PM):
    Thanks for all your hard work, and the hard work of all the other folks on the site that make all this info happen!

    BGG says to larrykn(8:13 PM):
    will it happen? Who knows? Lets not be guilty of passing unfounded rumors - what have they plainly said?

    BGG says to Paul Mc(8:13 PM):
    first page of the current Iraq News thread - every day.

    the last article of THE BLOG for yesterday...

    on and on and on...


    larrykn says(8:13 PM):
    I didn't say it was going to come out at that rate but it might get there someday

    larrykn says(8:14 PM):
    personally I'm thinking a little over a dollar but who knows

    "might get there someday" is another thing entirely - I'm OK waiting - but what are the facts we can cite?

    for real - right now?

    larrykn says(8:15 PM):
    we the article this morning stated it won't float : )

    BGG says to larrykn(8:15 PM):
    that seems to be their comment on the matter.

    and that - isn't conjecture. It's in an interview with the current Gov of the CBI.

    pretty good source - if you ask me.

    last part the questions...

    BGG says(8:17 PM):
    he asked me "Did President Bush ever say Iraq would pay or the war would pay for itself"?


    goblio says(8:17 PM):
    ? So if around $1.... , then they can convince their people to turn in U.S. $ for Dinar. This was one of the justificaitons for that level, in the past. Making a "one currency government" for stability.

    goblio says(8:17 PM):
    ? I think they still have a little ego-thing left over post Sadaam... (comment)

    BGG says to goblio(8:17 PM):
    probably another flawed assumption.


    Beeson says(8:18 PM):
    ?

    BGG says to goblio(8:18 PM):
    let me stop here and answer your comment before I move on to my last answer.

    BGG says to Beeson(8:18 PM):
    hang on.

    BGG says to goblio(8:18 PM):
    back to the first part of your comment

    first off - the CBI wants to bring in the "chunky money"... they could care less about the USD.

    second - we aren't even PROOF POSITIVE it will be over a $1.

    we can't make that assesment.

    we may think that is the range - what actually happens? We will have to keep a watchful eye.

    The Iraqi people have Dinar that is worth more - anything more... they will spend it and naturally start using the Dinar. No USD problem. They won't be using USD - or trading an .80 Dinar in for USD. Why would they? Same reason Canadians used to not do it.

    It's not a good deal for them - however, it is a FANTASTIC DEAL for their Dinar to be worth a lot more. They will just spend it.


    JETSET says(8:23 PM):
    ?

    BGG says to goblio(8:24 PM):
    Back to the final part of my friend's question about Bush saying... "my comment to him, again, was this - WHERE DID YOU SEE THAT?? CNN - right??

    the message for tonite - as we get closer than ever before...

    be very carefu what you consider to be accurate information. It may not be.


    dickmiller says(8:25 PM):
    ?

    BGG says(8:25 PM):
    be sure you aren't operating based on FATALLY FLAWED ASSUMPTIONS.


    Mrs BGG says to Beeson(8:25 PM):
    go


    goblio says(8:25 PM):
    ? Thanks BGG. I have a plan for 0.01, 0.02, 0.05, 0.10, 0.20, 0.80, etc. The early ones mostly involve waiting for the speculators to jump in. ??? --> Do you think that 'other' speculators will jump in when this goes active?

    Beeson says(8:25 PM):
    what do you think they meant when they said "bring it back to its former glory.." ..or something like that---I agree we have heard nothing but 1 to 1...except for that

    BGG says to goblio(8:26 PM):
    doubt it - why would they? Likely, they will jump in other various sectors of the Iraqi market... the ISX, for instance.


    goblio says(8:26 PM):
    ( y )

    BGG says to Beeson(8:26 PM):
    I take that to mean - "more value" - past that, I make no wild assumptions.

    strength in the region

    I can think of all kinds of rationale for that statement.


    Mrs BGG says to JETSET(8:27 PM):
    go


    JETSET says(8:27 PM):
    Hasn't there been comments by CBI officials even as recently as the last 18 months where they have said that the IQD would be the strongest currency in the region?

    Also, is there a logical conclusion that if the Kuwaitis and Iraqi's are sharing ports, that it would stand to reason that ultimately, at some point, their currencies would have to be of similar value?

    BGG says to JETSET(8:28 PM):
    Not impossible to imagine - however, they may just be talking about the most widely used, accepted and back - strength. Actual value could be another story entirely...


    JETSET says(8:29 PM):
    s73
    JETSET says(8:29 PM):
    thx

    BGG says to JETSET(8:29 PM):
    I'm not saying what I think here - I'm saying "what can we PROVE"?

    (backed)...


    JETSET says to BGG(8:29 PM):
    i understand completely.

    Mrs BGG says to dickmiller(8:29 PM):
    go


    BGG says to JETSET(8:29 PM):
    Thank you very much.

    AND - we don't want to be some kind of "beacon for unfounded rumor"...


    dickmiller says(8:30 PM):
    I am new to this.. So many are stay before june or first week.why

    BGG says to dickmiller(8:30 PM):
    Good question - we haven't said this ...

    and goes DIRECTLY TO MY POINT TONITE...

    what is in print?

    what can we PROVE?

    what is ACCURATE - above all.

    be careful with unfounded rumor. This is the internet - after all


    Mrs BGG says(8:32 PM):
    Thank you everyone for joining us for News Time!!


    dickmiller says(8:32 PM):
    Do we think soon by months or weeks. Imo
    dickmiller says(8:32 PM):
    Thank you

    BGG says(8:32 PM):
    "We" don't answer such questions - leads to more rumor...


    Mrs BGG says(8:32 PM):
    thank you Mags for copying & editing and co-ordinating chat and and !! We appreciate you!!


    Okie Dinar says(8:33 PM):
    Thank you BGG & Mrs. BGG Great newstime!!
    jxxl says(8:33 PM):
    Thank you BGG

    BGG says(8:33 PM):
    Thanks all - for suffering thru with me


    Okie Dinar says(8:33 PM):
    Thank you Mags!!

    Okie Dinar says to BGG(8:33 PM):
    s39

    larrykn says(8:33 PM):
    thank you BGG

    Mrs BGG says to Okie Dinar(8:33 PM):
    You are welcome! We are blessed with an awesome team here at Du!!


    Martha Sue says to BGG(8:33 PM):
    Thank you! Great Newstime!

    Last edited by magnetlady; 05-08-2017 at 02:00 AM.



  2. #2

    Re: NEWSSTIME WITH BGG and Co. Sunday, May 7, 2017

    Hi BBG, okay after reading your 3 part answer to your friends question regarding the 25T, it makes me think about this one question : how can Iraq afford to pay out even $1 per Dinar if let's say 1 billion is in foreign hands? Wouldn't that number reach 1 T US? So if perhaps the number is more like 3T, multiply that by 1,000 and we are beyond the Trillions. I guess my question is do you wonder if there is any problem with a reasonable price revaluation, such as a dollar each? I'm hoping that too many investors won't degrade or dilute the Iraqis ability to RV successfully. Your impute is much appreciated.
    Last edited by merealtycentral; 05-11-2017 at 01:47 AM.

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