http://www.cbi.iq/do...nnual_2009f.pdf
Enoch8: Eagle just got his hands on this and published it on the Hub.
Enoch8: That doc is partly where I arrived at some of my own views and data.
Enoch8: I had lost it.... due to forgetting to rename it LOL
Enoch8: Got all excited and forgot to rename it.
Chuckles: yeah my "Iraq info" folder is getting pretty stuffed
Enoch8: ha ha
Enoch8: CBI docs alone is getting a bit large
Chuckles: good times, hope this ride is almost over in terms of seeing something happen
Chuckles: lots of positive things for sure
Enoch8: Did you guys notice, that there were 74 Trillion IQD in liquid assets, in 2009?
Chuckles: some serious coinage
Enoch8: Over and above the budget, I might add.
Chuckles: still Iraq's US reserves are about what roughly 46 billion and what is Kuwait is around 20 billion
Chuckles: at the end of 2010
Enoch8: Right.... and we also pointed out, that the oil and budget is gaining money and adding to that each year.
Enoch8: Good way to ruin an economy.
Enoch8: It might of had to do with one of the development programs or something.
Enoch8: They have the money and do not need to take it from CBI Reserves.
Enoch8: I forget what they wanted it for.
Chuckles: http://www.economywa...s/country/Iraq/
Chuckles: i like the stats on the right when you scroll down
Chuckles: that's 2010
Chuckles: but you've probably seen this
Enoch8: Close.....
Enoch8: Some of that was projected in the MOP doc
Enoch8: Feasibility and de flate-ors.
Enoch8: It also is consistent with oil prices in 1988 and today..... about 630% Inflation on world market.
Enoch8: 1988 Basis year.... there was about $80 Billion worth of ID, in circulation.
Enoch8: That alone means the demand is up by 6.3 times.
Enoch8: My estimate from the MOP doc was that they needed to have about $560 Billion worth in circulation, to be with 1988 standard.....
Enoch8: Today at today's rate... there are on about $26 Billion worth in circulation.
Enoch8: That tells me, they are at least 20 times undervalued, even with $30 Trillion in circulation.
Enoch8: That also does not factor in 35% increase in population or the need additional incomes to double the standard of living from that time.
Chuckles: yeah that is the kicker, and with 80% now having cell phones and internet
Chuckles: the word can travel fast
Enoch8: Right..... and I ain't near done with this...
Enoch8: That tells me..... (Even with $30 Trillion in circulation,) they need a minimum of a 58 to one increase in the Rate.
Enoch8: And....
Enoch8: I am still not done...
Enoch8: The world demand for IQD is at least 5 times that.... due to the fact that international corporations and treasuries are doing 5 times the volume of holding foreign currency reserves..... and Iraq was not even on their radar back then.
Enoch8: That means with all those combined factors..... (Even with 30 Trillion in circulation)..... they could be easily as much as 290 times undervalued.... once it is a recognized currency.
Enoch8: EVEN WITH 30 T in circulation!!!
Enoch8: See it?
Chuckles: yeah crazy
Enoch8: OK.... now dig this....
Enoch8: As of 2009, there was 22 Trillion out of Iraq....
Enoch8: Today that is about 23 Trillion.
Enoch8: That means, about 75% will go to international treasuries and removed from circulation.... and they simply monetize non liquid assets to cover that 75%..... effectively paying for it in futures, etc. by monetizing non liquid assets, that are worth more.
Enoch8: That effectively increases the value another 4 times.
Enoch8: 290 x 4 = 1163 Times increase in the Nominal Rate.
Enoch8: 1163 x .00086 = 1 to 1
Enoch8: Bottom side....
Enoch8: BUT
Enoch8: if that number removed is 85%..... then it is higher.
Enoch8: Roughly about 10 or 15% higher.
Enoch8: How close is that, to the Feasibility number?
Enoch8: $1.134
Enoch8: AND
Enoch8: If they remove soiled bills from circulation once they do this..... or accounting for math errors..... we get to close to the $1.30
Chuckles: hmm, that would be a sweet spot
Enoch8: $1.42 based on the MOP projected de flaitors for 2011.
Enoch8: Yep
Enoch8: 1.00 to about 1.50
Enoch8: And this is used in Traditional Gravity Equations, to arrive at PPP Optimum Equilibrium Exchange Rates.
Enoch8: This is also why it may never increase back to over 3.00.... because it creates a Trade Deficit..... in the non oil sector.
Enoch8: Not good for the people or the economy..... or the stability, to go over that.
Enoch8: This is from some very sharp Harvard Economists and others.
Chuckles: You're on a roll..LOL!
Enoch8: They make me look like a 1st grader!
Enoch8: I just saw your question about CBI (the question was why haven't we seen the DFI funds reflected on the books?)
Enoch8: They could not add those back to these as liquid assets until June 30, 2011 and the audits are not out yet, for how that adds to this.... and not to mention.... there are hundreds of accounts out there, that would add to these amounts.... like the one last week for over $100 Million Dollars.
Enoch8: Who knows how much these other unreleased funds are, exactly?
Enoch8: Saddam had accounts all over the world, hiding and laundering money.
Enoch8: Not to mention his allies.
Enoch8: Copy it and post it in your forum, if you like.
Chuckles: cool, i was gonna ask that
Chuckles: thanks, Peace!
Figures based at the end of 2010
US
Central bank Board of Governors of the Federal Reserve System (Washington) International Reserves US$ 132.375 billion (Source: IMF; Data updated: November 2010) Gross Domestic Product - GDP US$ 15.227 trillion (2010 estimate) GDP (Purchasing Power Parity) 15.227 trillion of International dollars (2010 estimate)
Iraq
Central bank Central Bank of Iraq International Reserves US$ 46.8 billion (31 December 2008 estimate) Gross Domestic Product - GDP US$ 108.418 billion (2010 estimate) GDP (Purchasing Power Parity) 125.665 billion of International dollars (2010 estimate) Real GDP growth
Kuwait
Central bank Central Bank of Kuwait International Reserves US$ 20.267 billion (Source: World Bank; Data updated: December 2009) Gross Domestic Product - GDP US$ 172.778 billion (2009 estimate) GDP (Purchasing Power Parity) 145.292 billion of International dollars (2009 estimate)
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