DINARESGURUS.BLOGSPOT.COM_________ DINARESGURUS.BLOGSPOT.COM__________________

Friday, December 23, 2016

FRANK26 CHAT, 22 DEC

EHankins:  FRANK OR ANYONE WHO KNOWS:

I'M SURE THIS TOPIC HAS BEEN TAUGHT HERE BUT.....I OBVIOUSLY MISSED IT.  MY QUESTION IS WHO OR WHAT DRIVES THE OIL PRICES OR WHO REGULATES THE OIL PRICES WE SEE ON BRENT.

 IT SEEMS TO ME THAT SINCE THE BUDGET IS SET, SIGNED AND WILL BE DELIVERED ON THE 31ST OF DECEMBER IT MUST BE THAT THE BUDGET IS CREATED TO MATCH THE COMING OIL PRICES AND ARE HAND IN HAND AND ROLLS OUT IN PERFECT ORDER.  

I REMEMBER FRANK SAYING THAT EVERYTHING IS (NOT QUOTING) PUT TOGETHER PERFECTLY DOWN TO THE PENNY.  DOES IRAQ CONTROL THE PRICE OF THEIR OIL EVEN TO BRENT?  

DOES IRAQ KNOW AHEAD OF TIME WHAT THE PRICE OF OIL WILL BE AT ANY POINT IN TIME?


I'M NOT QUESTIONING AT ALL FRANKS STATEMENT ABOUT OIL OIL OIL ON THE CALL BUT IF OIL IS $56.00 PB ON THE DAY MENTIONED (FRIDAY INTO SAT.)THEN THEY MUST KNOW AHEAD OF TIME.  

I'M SURE IT'S NOT A CORRUPT SITUATION...

THE QUESTION JUST POPPED INTO MY HEAD AND IT BUGS ME TO KNOW.  IT'S INCREDIBLE HOW EVERYTHING IS SET UP PERRRRRFECT. THANK FOR ANY HELP.

************

Jay:  Hey there Ehank. Oil is controlled by a DIAL... that dial is controlled by USA..imo the peeps in charge of turning it is OPEC...IMO.

Oil has no rhyme or reason. it is chagned when it suits USA,OPEC's purpose..IMO.

Sirenfire:  Oil prices are based on contracts and supply and demand. so it is several things but those would be some of the main factors here. If you limit production and there is an increase in demand then the prices would continue to shoot up.

The key is that all of the oil producing nations stick together and don't ramp up production. If one of them did then supply would be met but they would essentially be stealing from other counties because of contracts that they have signed... IMO  

Frank26:  Hmmm ............if they stick together ............ Hmmm perfect words .


Lender:  I went to Citi Bank today and purchased a little IQD.

The rates are still about the same that they've been for a long time.

The assistant manager told me that they are getting the dinar from CXI (Currency Exchange International) and not through their own Citi Bank system.

I looked at my printed receipt and it shows CXI as the supplier.

I also purchased some dinar from CXI about four years ago.

They have been selling it for many years and now Citi Bank has chosen them to be their dealer/supplier.

I ask about selling it back to them and they told me there would be a spread of about 35% reduced value plus a $5.00 bank fee. OUCH!!!

Hope this answers many questions for those inquiring minds out there.

God Bless us all and may we all have a fantastic Christmas 2016 to remember.
At my age, that remembering part might be a tall order. LOL
HO- HO- HO to all and a wonderful good night. 
 
Cleitus:  If I may expand a little on what you posted Lender.   I called a TD bank in Northern Virginia and confirmed they buy and sell foreign currency also.  They told me they do all their foreign exchange through Wells Fargo.  As we all know WF uses Abbot Downing for their exchange house.

************
M8rx:  Hey Frank since we have so many "newbies" on the forum would you please explain why we are going to exchange our dinar instead of cash them in   Thanks 
 
Frank26:  To cash them in would give you the value that they are now ...........to exchange them is because the exchange rate changed.

************

FrostyTheSnowman:  Making progress
Daesh's cash cow is up in smoke.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.