TheArtistFormallyKnownAs Posted March 13, 2014 Report Share Posted March 13, 2014 Is it true or untrue that "The New York Times published notice that Iraq CBI is repurchasing the Dinar on the open market at a rate of $1 Billion to $1.5 Billion / month beginning July 2008". I seen it on another forum so I don't know if its just a Guru lie or a fact, do any of you know about this , can you give links?. Link to comment Share on other sites More sharing options...
Shabibilicious Posted March 13, 2014 Report Share Posted March 13, 2014 I don't know the answer to your question, but if true, that would be somewhere around 102+/- billion repurchased since July 2008. In a world that claims there are trillions in circulation, it will take them forever to reclaim that number. So, I will have to call BS, and lay blame at the feet of another clueless Guru.............Or, do I owe him an apology? GO RV, and NO BV Link to comment Share on other sites More sharing options...
TheArtistFormallyKnownAs Posted March 13, 2014 Author Report Share Posted March 13, 2014 This is more talk of it in 2009 on another forum http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40542261 Link to comment Share on other sites More sharing options...
dontlop Posted March 14, 2014 Report Share Posted March 14, 2014 It has always seemed strange to me that the cbi is buying its own currency that it already owns So they must be selling dollars The dinar exchange rate is backed by the pegged reimbursement value which is a pegged value to the dollars value The foriegn currencies are all broken down to the dollars value which is floating on the ability that the USA has to pay is bills or its credit rating The USA has established its credit rating on the fact that it has never defaulted on making its payments If the USA cannot make its payments it simply prints up new money and dilutes down its value with a ratio factor of how much they added and how much they had before they printed up more Percentages The beat goes on The us cannot default with its monetary policy they will only depreciate the at accordingly as the debts grow I don't see any over night destruction of the dollar It will be gradual How can Iraq buy back something that they already own ? I own my car If I let my brother use it I don't have to buy it back The dinar in existence are already paid for with the reserves So if they buy them back with another dollar Everytime they do it the value should double 3 Link to comment Share on other sites More sharing options...
rulesforrebels Posted March 14, 2014 Report Share Posted March 14, 2014 I just googled it and everything that popped up was guru sites so that should give you your answer right there Link to comment Share on other sites More sharing options...
Recommended Posts