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rockfl9

Lopster
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About rockfl9

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  1. rockfl9

    Where's the money going to come from???/

    These small bumps could just be an allowance for inflation. Looks like a plan !
  2. rockfl9

    Where's the money going to come from???/

    Under a fixed exchange rate system, only a decision by a country's government or monetary authority can alter the official value of the currency. Governments do, occasionally, take such measures, often in response to unusual market pressures. Devaluation, the deliberate downward adjustment in the official exchange rate, reduces the currency's value; in contrast, a revaluation is an upward change in the currency's value. In the last 3 years the CBI has taken the rate from 1166 to 1190 , a loss of 2 cents per dollar ! That would be a deliberate DOWNWARD adjustment . A DEVALUATION I think the next move is 1200 !
  3. rockfl9

    Where's the money going to come from???/

    I need you all to remain level headed this is only a few $1K loss . There will be opportunities ahead.
  4. rockfl9

    Where's the money going to come from???/

    Chess where do you think the money will come from??? Will the FOREX just accept the RV and begin paying out ? That would be the biggest GIVEAWAY in history. IF you don't know the FOREX is only an exchange market. TO get 1$ per dinar someone must PAY $1 per dinar ( and expect to make a profit). Would they expect to WAIT to earn that profit ??
  5. rockfl9

    Where's the money going to come from???/

    THE CBI can only control the conversion rate IN IRAQ.PERIOD . The international currency market sets its own rate ! IF you dont know that better learn it. The dealers can set the rate today because they have the only supply. What if the CBI offers to sell all the dinar you want at the .00086 rate ? Just print a lot of 25-50K NOTES, MAYBE ADD A 100k . The dealers are out of business and the CBI would initally sell a few million UNTIL people discovered that the CBI is intentionally FLOODING the market . The RV idea is DEAD. Now there is a lot of dinar in the market with nowhere to go. NOW the CBI says we will buy it back at .00080 or less !!! Take it or leave it! Could they do that ? YES , but most if not all central banks would not play that game.
  6. rockfl9

    Where's the money going to come from???/

    King Bean has it WRONG. IF the cbi takes back dinar (3 zero notes !) IT LOOSES dollars from the reserves , NOT adds to ! After the $51.5M is GONE , it cannot buy back any more !!! IT is BANKRUPT 1 NOT GONNA DO THAT>>>>>>>
  7. rockfl9

    Where's the money going to come from???/

    NO only SOME IQD is digital (in Iraq) the rest is T.P.
  8. rockfl9

    Where's the money going to come from???/

    DB. Im sorry that U have felt attacked by any lopsters, if they do it again they will be SPANKED. I do not expect to SAVE anyone , only to impart enough truth that they may save themselves. BTW what ever happened to THE MACHINE ?? Very logical fellow, Answer this. A 1:1 or any profitable RV IS a GIVEAWAY of billions of dollars of Iraqi WEALTH , not just to Iraqi's but also to thousands of non-Iraqi INFIDELS ! YES, I am sure they know you exist. WHY would they do it ? Al-Sadr , a muslim cleric , may gain logical control of the GOI. would he allow it ?
  9. rockfl9

    Where's the money going to come from???/

    WHAT is the cBI/MOF saying ? Inflation is stable , the exchange rate is stable. WHY screw things up ? Everything is fine . Don't change.....
  10. rockfl9

    Where's the money going to come from???/

    Well here we go again! RKYMTNHI: THE reason you will not see any reputable input from Iraq about a change in the value of the dinar is that there is NONE. The CBI with the help of the IMF/WB is keeping the GOI running as best it can. There is NO plan to increase the value . Just keep it from crashing. The CBI has 83T dinar in liability and only $51.5 M in reserves. If you do the math the IQD is really worth only .000621 . If the IQD were to float today that is where it would start. FOREX Dealers are not stupid. Holding to the OFFICIAL rate is the only plan. The next budget may show some sign of reality/.
  11. rockfl9

    Very useful website

    Click on " countries" then slide over to ASIA scroll down to IRAQ click on IRAQ
  12. rockfl9

    Very useful website

    Tradingeconomics.com , you will Iraq in the countries tab under ASIA. Lots of significant data .
  13. rockfl9

    Let me explain IMHO

    The IQD debit card s available only to Iraqis. ! The US $ IS International currency. YES SO . If you can buy something on the net with the card it will be converted to DOLLARS at the current rate. NO more. No Less BUT . You may have to pay a tariff on the purchase !!! good deal for GOI. What I see is that the GOI will still control WHAT will be allowed in through customs . Any thing else will be impounded !. As long as the customs law is enforced.
  14. rockfl9

    Where's the money going to come from???/

    I know. . I never thought it would take this long. But i have some consolation more of the old "go RVers" have dropped out and a few more , even VIPs, are selling at least a little of their "stash" ,,. A few more posting a need to get off this "ride" .. I am learning a lot about the power of a dream. When I read their pleas I almost wish there was a possibility it could happen for them. At least when it is over they will be left with a good lesson . Let me ask ( although I know you will only come back with the usual answer) DO YOU think that a central bank can simply make up ANY exchange rate it wants ? That appears to be the line the guru's are pushing. But they really need it now, why dont they , push the button ? Do you know ?
  15. rockfl9

    BTI report !!!

    Many eyeballs check the CBI website daily and it never changed by a significant amount. I think the BTI reporter summarized the information he/she could find and never really verified the data. poor journalism. It shows that articles posted in the NEWS may not be accurate . Just opinions.
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