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tonystewart Post: Just4Dinar 5/19/10

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May 19, 2010 · Posted in CHATS / POSTS

There have been many rumors now about if and when hyperinflation will set in, something we all are not looking forward to. It seems as though there may be no safe currency left, except precious metals. The word on the street is that the 1 tril bailout by the IMF and EU is bound to fail, hence Merkels recent ban on naked short selling of bank stocks and other German CDS and bond swaps. I think her actions speak 10 fold. The smart ones knew that eventually we would see that nasty word, hyperinflation, but we just were not sure when it would set in. Well that answer is here. First of all I’m glad to see Iraq trying to solve some issues with bond sales rather then going to the IMF or World Bank.

Borrowing from these 2 do nothing but ruin countries, look what they did to Jamaica. There is starting to be a lot of chatter of hedgefunds betting against the EU bailout. Many of them have come out and said the Euro could even DV to be more competitive. The short story is that countries spent more money then there actually was. They have been trying to let the balloon deflate slowly but it’s as though there is a little kid in front of the balloon with a huge needle just smiling. If China does nothing to increase their currency the US could look towards a DV as well. So in reality the Dinar might not have to RV that high if all the other larger nations are DV’ing their currencies to be competitive.

The continuing holdoff on the formation of the new GCC currency continues to strike my interest. Are they holding off waiting for Iraq and if so what does that mean for us? It will be interesting to see if the other EU nations followup with Germany. If you start seeing the US put bans on shorts again you know what’s going to hit the fan. Other information that seems to be coming out is that many Iraqi officials have said they would be happy to have new government seated by Sept and that if they can do that they would be in great shape. It seems there are more underlying issues than what many thought there were.

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I am sure the mods will get to it on their own.... but, I for one think that you should remove this thread all together and keep hot2bewe's thread open. Clearly the credit belongs to our DV member and not some punk's posting not giving proper acknowledgements...

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Originally wriiten by hot2bewe on DinarVets and copied by TonyStewart on zzz

YEP! I race and stay in Hotels. I saw Tony and Donald buying Millions together!

By the way I did stay at a Holiday Inn Express last night!

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