6 replies to this topic

[DinarThug]

CNN. Broadcasting In A Bob + Doug McKenzie Voice ! So Break Out Ur Google Canadian Translator Or Just Crack Open A Moosehead Eh !

MED (14:46:02): SALAM! HOSERS

Mountainman: Med do you know how much currency Iraq has in circulation currently?

MED: WELL BACK IN MAY 2010 THEY SAID THEY HAD 24 TRILLION IN CIRCULATION

Mountainman: According to the CBI site as off January 2012 about 28 trillion down from a high of 30 trillion in 2011

MED: NOW THEY HAVE BOUGHT BACK ALLOT NOW WHEN I LOOKED AT THE IMF SBA REPORT THEY HAD LIKE 10 TRILLION ON THAT REPORT

Mountainman: then its down even more

MED: YES

Mountainman: excellant
...

MED: NOW THAT AS FAR AS I KNOW DOES NOT COUNT THE GLOBAL LIQUIDITY NOW THE IMF

Mountainman: Curious as I have been studying up on revaluations lately

MED: DOES HAVE A REPORT AND IT SHOULD SHOW HOW MUCH HARD CURRENCY IS ACTUALLY AT THIS MOMENT IS OUT REMEMBER THE M2 SHOWS TOTAL DEBT

Mountainman: yes

MED: AND WE ARE ONLY CONCERNED WITH THE ACTUAL PHYSICAL CURRENCY FROM WHAT WE FIGURED JUST FROM THE SITES THAT YOU AND I HAVE BEEN INVOLVED WITH THERE ARE MANY BILLIONS AND IT COULD POSSIBLY BE SEVERAL TRILLION IN THE U.S.

Cheeks: 20-30

MED: COUNTING THE GOVT

Mountainman: Their M1 money supply is almost triple that of our US M2 money supply. Did you realize that?

MED: OUR GOVT IS SUPPOSE TO BE ABOUT 5 TRILLION NO I DID NOT

Mountainman: Well a basic in economics is that a monies value is based on how rare it is... If Iraq goes to 1 to 1 then they would assume a 28 trillion dollar debt... which would be way more than even the US current debtr

Cheeks: ?

Mountainman: so it makes alot of sense to me why the CBI is talking about bringing up the value of the dinar in stages

Cheeks: is the amount in cicluartion is 70 trillion dollars

Mountainman: 28 trillion dinars cheeks

Cheeks: dinars right oh where the hell did i get 70 from hum

Mountainman: according to my research there has never been any currency revalue more than 50% at any one time and you would be hard pressed to find many that moved 35%
so historically speaking it would be unreasonable to expect the dinar to leap from 1170 to 1 all in one move because that would represent an increase of over 1000%

Cheeks: so mountain what are yo saying

MED: THAT IS WHAT THEY SAID ALSO MM

Mountainman: I think we are going to see a gradual increase in the value of the dinar

MED:
THEY SAID THEY NEEDED TO MOVE IT GRADUALLY TILL IT WAS READY TO HIT ONE TO ONE NOW REMEMBER ON THE APRIL 2007 FEASIBILITY STUDY THEY DETERMINED THAT IRAQ COULD CARRY A 1.17 OR APPROX RATE OF EXCHANGE WITH THE USD BRB

Mountainman: But also and most importantly they did not have nearly as much currency in circulation in 2007 as they do today...

Cheeks: which is removing the 3 zeors from nominal rate.. and that is the start of the rv back to 1:1

Mountainman: That is why the CBI is diligently reducing the amount of dinars in circulation... they need to get as many dinars out of circulation as they can get

[ayrnay22]

Curious to when this was posted I started a topic in perspectives Saturday called simple math that is very similiar if u want some numbers based on dinar in circulation and oil reserves but mountain man is very close to what I came up with I'm of the opinion that math can't lie

Edited by ayrnay22, 16 April 2012 - 09:28 PM.

[DinarThug]

Curious to when this was posted

Yesterday at 2:46 pm on Med's site. I brought it over from dinar recaps where it was reposted.

[ayrnay22]

Well haven't seen much from mountain man before but I'm still green I just know from a math stand point that rv on future oils which would take 238 years to extract at current yearly amounts it would have to be low at .01-.10 to 1 or high at 3.46 to 1 to cover that amount of currency

[20MillionDinar]

At least Mountain Man understands basic economics...

Sounds like HE actually taught MED a lesson! LOL


I would love to see some facts in regards to the total amount of currency in circulation at this time. I have always known HOW they could remove currency from circulation, problem is, they were only printing more! If we can find out for sure whether or not they have been removing currency from circulation that would be some excellent news!

[ayrnay22]

Exactly a hard number on actual circulating dinar and dinar pulled in would give a better hypothetical rate also something to keep in mind a commodities or gold standard value of wealth is what figures should be based on debt and credit systems are doomed to fail the reason they have worked or are in place now are entirely based on faith and speculation also due to the fact that getting paid in gold isn't feasible most likely technology will do away with currency eventually it costs more to make coins than what there valued at its basically like a placebo its tangible u see coins hold them possess them as apposed to just knowing u have x amount of money

[jeepguy]

would be o kay with me if they brought out from the gates ---- .20 cents for one ---- then watch the fun buying and sellling at a rampant pace,,,, your numbers on out side currency would have better idea on how much is left ,,, just a thought