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Just speculating here


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Hello,

 

New to the site and I really love it!  Good to have a site on this subject with a good amount of un-biased minds...

 

So again, this is just speculation and I wanted to get opinions from dinar vets because I believe your approach would be logical.  Myself and a buddy of mine discuss the rollout from time to time.  His thoughts are that this will never happen and if it were, it wouldnt be the way he imagines it.  His first take is that this will never happen with ISIS holding so much dinar.  But of course there are many plans to prevent them from exchanging.  The other reason is because he feels that the PTB will not allow 5 Mill give or take Americans possibly become millionaires overnight.  They just simply dont want that many people to have money. 

 

Thoughts?

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I've read this mentality before, and while I may just be ridiculous ignorant, why is there a belief that the government doesn't want people to have money/become millionaires? I guess I just don't see how, from the government's perspective, that people having money is a bad thing.

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Well, a quick answer would be: Money is power. Imagine a bunch of like-minded folks, say from this site maybe, that ACTUALLY believe in the second amendment. And then, came into an AVALANCHE of money,then decided to contribute a significant amount to, say , the NRA, giving it substantially more political clout. The lefties wouldn't like that now, would they? All that ground work for the coming disarmament can't be interrupted. The sheeple vil go qvietly! (boots click)

That's just one linear track of thought.

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I second Miuradude's thoughts... Government will look at people with money and figure out new ways to take/tax it. Especially considering that most people with new money won't be able to keep it, through wasteful spending and big mistakes, this issue will sort itself out. ...this is not the issue to worry about, Iraq is.

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I kind of believe that it is a step from little league to the majors. If your going to play ball with the big boys and certainly have the resources to do it, you make the transition to the new value and operate at that level.

Maybe you don't come out at the value of the surrounding countries right out of the box but you begin at ten cents and draw in your outstanding currency knowing full well that you will be raising the value in the future. Think how much money the government would make if you purchased it at ten cents and floated to three dollars within a year? Yep you got it. You could offer a larger value later per dinar and still pay off the remaining dinar investors.

 

Controlling the value of your currency no matter who holds it is not as big a problem as you seem to think that it is.

 

As far as ISIS is concerned, they are not just tied into the IQD but other currencies and gold, oil, drugs, guns, etc. as well. They are being dealt with on several fronts, not just the Dinar.

 

Personally I believe that the Iraq economy, monetary system and government are moving forward regardless of ISIS.

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I kind of believe that it is a step from little league to the majors. If your going to play ball with the big boys and certainly have the resources to do it, you make the transition to the new value and operate at that level.

Maybe you don't come out at the value of the surrounding countries right out of the box but you begin at ten cents and draw in your outstanding currency knowing full well that you will be raising the value in the future. Think how much money you would make if you purchased it at ten cents and floated to three dollars within a year? Yep you got it. You could offer a larger value later per dinar and still pay off the remaining dinar investors.

That's called the "greater fool theory" If the dinar revalues to 10 cents no one will be crazy enough to buy.
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Wow, 2 Dudes thinkin that being a Millionaire would piss the Gov. off.

Hey the Gov. would love it, Banks love it, economy boast, sorry Jack, but,

your fixing to see a bunch of Dinar holders, become Multi' Millionaire's, Jack.

And if ya happen to have a Dong, hanging around, hang on to it, it's fixing to

jump up to......Jack.

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That's called the "greater fool theory" If the dinar revalues to 10 cents no one will be crazy enough to buy.

They don't intend to have people buy, just to sell or to exchange at a value of .10 per dinar. The government sucks in the currency at a low rate from the weary investor and then revalues or floats to a rate that is more inline with surrounding countries. If they come out at say 1.00 nobody would buy either, but they lost the advantage of the .10 draw.

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They don't intend to have people buy, just to sell or to exchange at a value of .10 per dinar. The government sucks in the currency at a low rate from the weary investor and then revalues or floats to a rate that is more inline with surrounding countries. If they come out at say 1.00 nobody would buy either, but they lost the advantage of the .10 draw.

Digi:: In order to sell some party must buy! Your " exchange" is the same as a sell/buy. I'm assuming you expect to put US 10 cents in your pocket so it has to come from somewhere. The CBI isn't going to give up billions of dollars.
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Digi:: In order to sell some party must buy! Your " exchange" is the same as a sell/buy. I'm assuming you expect to put US 10 cents in your pocket so it has to come from somewhere. The CBI isn't going to give up billions of dollars.

What makes you think that they won't? They already do it in fact, everyday. Further, the IQD has a buy value of 1164 today. It has a sell value of 1166.

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What makes you think that they won't? They already do it in fact, everyday. Further, the IQD has a buy value of 1164 today. It has a sell value of 1166.

THINK... A dollar will BUY 1164 dinar, But you must put up 1166 dinar to get your dollar back! Thats a LOSS of 2 dinar!

I would not do that.

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