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Posted 01 August 2011 - 03:56 AM
Posted 01 August 2011 - 04:05 AM
Thanks Adam, you were up late, or early/// LOL...
Big thanks to sonny1 and jmw for participating in the first ever "debate" on DinarVets.com!
The debate is here: http://dinarvets.com...sonny1-and-jmw/
Since it is in the Debate section nobody else is able to comment on it, so please use THIS thread to comment if you wish to do so.
Have a great day!!!
Posted 01 August 2011 - 04:12 AM
Posted 01 August 2011 - 04:35 AM
Posted 01 August 2011 - 04:56 AM
Posted 01 August 2011 - 05:02 AM
Looks like we now have 3 separate threads going for Official Discussion on the Debate. This is going to get confusing.
Posted 01 August 2011 - 06:07 AM
Posted 01 August 2011 - 07:23 AM
I merged the other 2 together so now we are down to 2!! I just started the other thread so that 50 different people didn't start a thread to ask questions or comment!!
We can make Adam's thread the Official!!
here is the link to the other thread: http://dinarvets.com...sonny1-and-jmw/
Posted 01 August 2011 - 07:26 AM
Posted 01 August 2011 - 07:39 AM
Holy words as usual, my wise Friend........
I think it's probably fairly safe to say that this particular discussion, effectively presenting both sides of a hotly debated issue would not be permitted on any other Dinar website. Adam deserves a lot of credit for allowing it to happen and remaining essentially a neutral facilitator. Those who are members of any of the other sites would undoubtedly do a great service to those "other site" members by at least posting "links" to the debate by Sonny and JMW, as well as the two reply threads in our "Opinions" section. The posts on those sites probably won't last long, but at least "some" of those people might get an opportunity to see Dinar Democracy in action. DV is a free site, and does not require that a person join as a member in order to read the threads. In addition to providing that much needed information, IMO, Adam's site deserves the exposure.
Posted 01 August 2011 - 10:17 AM
sonny1 seems to like to look only at exchange rate and ignore M1/M2 numbers. Also it seems like his entire argument centers around the idea that the CBI is completely lying about their M1/M2 and that Saleh is lying about everything he says.
Very, very weak arguments.
Posted 01 August 2011 - 10:28 AM
Edited by tmcgraw, 01 August 2011 - 10:30 AM.
Posted 01 August 2011 - 11:35 AM
The CBI will do exactly what they have said they will do all along.
This is fact. No reason to debate.
Based on the current M2 & their foreign reserves Iraq cannot afford to RV without an RD
This is fact. No reason to debate
There will be NO overnight millionaires
This is fact. No reason to debate
That is flat out incorrect, not sure where you're getting that info. Any currency kept in bank reserves is NOT considered part of M1/M2.
You think computers have trouble with the extra zeros?
Posted 01 August 2011 - 12:05 PM
Ah, I see where the confusion stems from. I thought you were saying this was the banks money and therefore not part of the M2. It isn't, it's just the amount of deposited (i.e. electronic) Dinar, still part of the M2, still part of the problem.
Why do you think it helps the situation? It is still money in circulation (still part of the M2). Just because it's not a physical, tangible bill doesn't make a difference, it's still money.
Posted 01 August 2011 - 12:20 PM
Well, at first glance, doesn't that # seem high?
How? Where is this money going to go?
Posted 01 August 2011 - 01:05 PM
Again I ask, where is the money going to go? How is it going to be removed from the M2? That's all that matters, and I don't see how it's possible.
Posted 01 August 2011 - 07:24 PM
Posted 01 August 2011 - 08:14 PM
Posted 01 August 2011 - 08:21 PM
The key financial indicators are posted by the CBI. Both keepm and myself have posted them in the past. Believe it or not.........
In round numbers;
Deposits component of M2 34T
Currency outside banks 25T
Greater transparency was a HUGE deal to the IMF right after we toppled Saddam, and it continues to be of paramount importance.
You can ignore the numbers, or believe they are false, but I choose to believe they are real, and cannot be ignored.
Posted 01 August 2011 - 08:26 PM
Unfortunately I agree......I even posted the pdf file of the CBIs banking laws that specifically state about keeping financials transparent and having internal, and external audits being done......its part of their own freakin laws! LOL
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