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Don't shoot me, just a question


Frogee
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A country can't just decide to rv, they have to have an economy to back that value. Also as I mentioned in another post on the whole concept of an rv. In the USA you see how politicans, busineses powerful people always find a way to enrich themselves as the expense of the middle class and joe schmos. When ever has a country, government, powerful people gone out of their way to just enrich the masses?

 

I've said since day one a "rv" as in an overnight explosion in value would never happen, you are investing hoping that it goes up either slowly or even rapidly overtime but there's no magic button someone has the power to push that will make an entire country wealthy.

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A country can't just decide to rv, they have to have an economy to back that value. Also as I mentioned in another post on the whole concept of an rv. In the USA you see how politicans, busineses powerful people always find a way to enrich themselves as the expense of the middle class and joe schmos. When ever has a country, government, powerful people gone out of their way to just enrich the masses?

 

I've said since day one a "rv" as in an overnight explosion in value would never happen, you are investing hoping that it goes up either slowly or even rapidly overtime but there's no magic button someone has the power to push that will make an entire country wealthy.

My question still remains, would Iraq raise the value of the Dinar by even the smallest amount  with ISIL holding so much. Iraq has the value to raise it's currency, but we do not know how muc,h as it depends on how they do it

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The banks taken may have had more USD than IQD since their proud boasts were about the $ amount they had taken.  But with so much being know about the members of ISIL, the banks could put a ban on any ISIL associate coming to "cash in." Which they could do to all dinar holders from USA or (you name the country).  Just because we "hold them" in no sign that we can "unload them." 

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That is true! Iraq banks have much more in dollars than what the dinars are worth! LOL

 

ISIS are receiving vast funding from whoever and they are making money by selling oil, women and whatever else they can get their hands on.

 

I think that making them richer is not a consideration for the Iraq banks. Their goal is to make their currency worth more than the toilet paper it curently is worth at present! :)

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Do you think that Iraq would RV with ISIL holding so much Dinar.That would make them billionars.  You realize they took the bank in Mosal and other cities. Just wondering.

first of all those articles were proven false.  Also MOST banks in Iraq have slim to ZERO liquidity in their banks.  So i highly doubt they got away with anything.

Edited by easyrider
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  • 2 weeks later...

The CBI is fully aware of the numerical numbers in which bank notes have been stolen, any emergence of these bank notes will have some type of procedure, before any transaction will be acted on....if needed links are obtainable in news section.....

Thanks Yota!

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My question still remains, would Iraq raise the value of the Dinar by even the smallest amount  with ISIL holding so much. Iraq has the value to raise it's currency, but we do not know how muc,h as it depends on how they do it

How much do you believe they are actually holding? John Kerry is right... Al queda, ISIL, ISIS. Same Same.  Kick them back to Syria and Turkey. Been an irritant for many number of years. But of no factor in the big picture. If you really understand ISIL and what is really going on over there from a military standpoint does you question actually have a point?

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This is an excerpt from an article I think Yota posted this yesterday:

Central bank sells more than 300 billion dollars since 2003

06/10/2014 14:53

Tomorrow’s Press / Baghdad: official source in the Iraqi Central Bank, on Monday, the bank sold since the end of 2003 until the month of September more than 300 billion dollars, Mtmona that the Iraqi dinar stable.

The source pointed out that “the situation of the Iraqi dinar in the light of recent decisions of the Central Bank of Iraq and a good and stable as well as the situations he was not affected by the security taking place in some areas of the country.”

www.alghadpress.com

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This is an excerpt from an article I think Yota posted this yesterday:

Central bank sells more than 300 billion dollars since 2003

06/10/2014 14:53

Tomorrow’s Press / Baghdad: official source in the Iraqi Central Bank, on Monday, the bank sold since the end of 2003 until the month of September more than 300 billion dollars, Mtmona that the Iraqi dinar stable.

The source pointed out that “the situation of the Iraqi dinar in the light of recent decisions of the Central Bank of Iraq and a good and stable as well as the situations he was not affected by the security taking place in some areas of the country.”

www.alghadpress.com

Deb; ISIL cant buy a single bullet with the dinar they steal!  It is worthless in trade. The CBI needs to  watch the dollar trades in contested areas. 

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I know it seems patriotic to talk about what we''ll do to the Islamic State and how weak they are but always remember

 

“There is no greater danger than underestimating your opponent.”

And let's not forget "it ain't over until it's the fat lady sings"

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A country can't just decide to rv, they have to have an economy to back that value. Also as I mentioned in another post on the whole concept of an rv. In the USA you see how politicans, busineses powerful people always find a way to enrich themselves as the expense of the middle class and joe schmos. When ever has a country, government, powerful people gone out of their way to just enrich the masses?

 

I've said since day one a "rv" as in an overnight explosion in value would never happen, you are investing hoping that it goes up either slowly or even rapidly overtime but there's no magic button someone has the power to push that will make an entire country wealthy.

All I can say is, I hope your right about the dinar, going up in value! It doesnt make me any difference. If it comes out at a .10 to .50! Im out of this deal so fast, it will make your head swim!!! Never! This anit that kind of deal. :twocents:

Edited by Artitech
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The CBI is fully aware of the numerical numbers in which bank notes have been stolen, any emergence of these bank notes will have some type of procedure, before any transaction will be acted on....if needed links are obtainable in news section.....

 

Thanks yota !!

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Banks, here there, and everywhere, are all structured alike if they are a part of the Central banking system.  The funds they control are almost completely digital. 

 

Try going into your local bank and ask to withdraw over $6000......and they will tell you to come back the next day and they will have it, and then ask you in the future to call ahead. 

 

This is how Fractional Reserve banking works along with the crazy derivative Ponzi program they all use......and this why I wouldn't be too concerned about the "physical banks" ISIS has robbed....They contained very little cash.......

 

JMO

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NO.There will not be an RV of the currency we hold.

Stealwarrior, you are sooo positive about this that I am sure you have great knowledge about all the inside information.  Would you mind sharing your knowledge and insight so we can be soooo positive that the currency is NOT going to RV?   

I need some of that great positive negatives!  

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