174 replies to this topic

[marknet73]

Anything can happen in this investment. The reasoning for this makes sense but so does the reasoning for a modest RV. Just gotta hope for the best and what benefits Iraq will benefit us. If they're as close as they say we are to an RV then we gotta expect lots of smoke and mirrors ya know?

[Markinsa]

Since the new exchange rate for the Dinar has to be approved by the IMF, I doubt the IMF will allow the CBI or GOI to cheat any Dinar Holder.

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[pocono]

Since the new exchange rate for the Dinar has to be approved by the IMF, I doubt the IMF will allow the CBI or GOI to cheat any Dinar Holder.

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I agree that they wouldn't let this happen but exchanging existing large denom notes worth $21.50, at todays rate, for new smaller denom notes worth $21.50 doesn't cheat anybody..it's just a wash....what they do after that is what's important..
There's an article in the News section today indicating they might change it from the current 1170 to 1000 dinar =1 usd and remove the zeros...this would change the $21.50 to $25.00

[dhardage]

I hope you're not saying that RDing (lopping) is cheating anyone. If so, you should know that Turkey was a member of the IMF when they lopped, and replacing someone's 25,000 dinar note worth 21 USD with a 25 dinar note worth 21 USD is hardly cheating anyone.

I tend to agree

[Scrumdiddles]

I hope you're not saying that RDing (lopping) is cheating anyone. If so, you should know that Turkey was a member of the IMF when they lopped, and replacing someone's 25,000 dinar note worth 21 USD with a 25 dinar note worth 21 USD is hardly cheating anyone.

I disagree. It is cheating someone. When you take something away you are cheating someone, no matter what you call it. If someone sells you a car and lops the wheels off of it they are cheating you. Anyone can come up with a cleaver name to cheat you. Oh it has been done before many time, so that is the reason it is not cheating you? No, people steal all the time so that is the reason it is not cheating? No matter which ever way you look at it taking away something is cheating, because it is not what you bought. Yes this is a speculation investment, ok, any way you look at it. When a country does not lop there currency and rv there currency that is true value for what you bought, when they lop they cheat you out of value. Otherwise change the actual looks of the currency. Even though you see the 000 they are not there, it will be ignored. So they cheat you. Yes they cheat you on a lop.

Edited by Scrumdiddles, 31 October 2011 - 03:49 PM.

[starlight]

I agree that they wouldn't let this happen but exchanging existing large denom notes worth $21.50, at todays rate, for new smaller denom notes worth $21.50 doesn't cheat anybody..it's just a wash....what they do after that is what's important..
There's an article in the News section today indicating they might change it from the current 1170 to 1000 dinar =1 usd and remove the zeros...this would change the $21.50 to $25.00

Slightly reminds me of XE.com, but not quite:

"The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. That would mean that 1,000 IQD (pre-redenomination) (.854336 USD) and 1 dinar (post-redenomination) (.854336 USD) would both be worth the same amount in US Dollars."

[Hamels]

thank you for your honest and well needed opinion.

I state "+1 if...." as a way to emphasize to users that if they appreciate something that another use has contributed, then +1

if it is seen enough, then it will become habbit to +1, i know when i first joined this site i wasn't 100% on the rating system until i heard people say +1

but thank you for your skewed point of few, it really shows how opened minded people can become when they hear information they don't like




its not an article!

Please stop begging for +'s,

[caz1104]

Alpha Dude you really do seem on a mission now with your LOP theory. Glad you have set your stall out for this, nothing like being prepared for the worse, I however expect the best.

I rarely read any of the information coming out or pertaining to Iraq now, simply because everything has been debunked, denied, verified, classified, declassified, theorized, summarized and dinarfied

Am sticking with Shab's statement back in June and soon.....we will revalue.

I like working on the K.I.S.S. principle, always.

K.I.S.S. system can be used in any trade,situation or conversation. Sometimes overthinking confuses you and others.

[dhardage]

Slightly reminds me of XE.com, but not quite:

"The intention would be to drop three zeros from the nominal value of bank notes; but the actual value of the dinar would remain unchanged. That would mean that 1,000 IQD (pre-redenomination) (.854336 USD) and 1 dinar (post-redenomination) (.854336 USD) would both be worth the same amount in US Dollars."

that's pretty clear!

[starlight]

if i didnt study this up and down for 8 years now, and i came here to read this topic, i would of lost 97% of my brain cells, though most have lost faith (me to a certain extent) the real truth is that no-one knows what they really will do. if the powers that be dont want iraq to make fools of everyone, and doesnt think it is cool that the u.s citizens borrowed iraq money for 8 years then they will probably rv at a small amount .10-.30, the plan is done all we can do is wait, and believe what you believe...... chats like the one happening in this thread are completely non-productive. i think i know-no our wrong-i have a guess article that backs up what i am saying-i know turkey did it this way-but brazil-but poland, its pathetic, iraq is none of these countries, none of these countries were freed by the usa, at trillions of cost, and i will bet you all turkey doesnt produce 3-5 mbpd of oil like iraq will. i know everyone has opinions and this is a free country and everyone should have a voice, but man, reading this crap everyday, every single day is so lame.
i think i need a mcrib


p.s stop asking for +'s its pretty sad....

Right just because turkey did it a certain way, does not mean Iraq will do it the same way. Thanks sonny1.

[caz1104]

Please stop begging for +'s,

I gave u a +1 just for that thought. One's post/topic should stand on it's own merit without begging for +'s.

[dhardage]

Being new here I was not going to say anything but I just had to reply to this one, I respectfully disagree with you because no one is getting cheated in a LOP. Your dollar value remains the same since the exchange rate will rise proportionally to the reduction of face value by removing the zeros. If you are talking about being cheated out of the huge profits that a straight up RV was supposed to bring then that just makes no sense at all. Iraq NEVER EVER promised you would profit from your purchase, only the pumpers promised that, and as long as the dollar value remains the same as before the face value reduction you have not been cheated out of anything-except by the pumpers! At this point I personally only expect a modest profit as the Iraqi economy grows but this is speculation and to feel cheated if you don't get rich is simply ridiculous

T

You might not say much, but what you say makes sense. +1

[Scrumdiddles]

Being new here I was not going to say anything but I just had to reply to this one, I respectfully disagree with you because no one is getting cheated in a LOP. Your dollar value remains the same since the exchange rate will rise proportionally to the reduction of face value by removing the zeros. If you are talking about being cheated out of the huge profits that a straight up RV was supposed to bring then that just makes no sense at all. Iraq NEVER EVER promised you would profit from your purchase, only the pumpers promised that, and as long as the dollar value remains the same as before the face value reduction you have not been cheated out of anything-except by the pumpers! At this point I personally only expect a modest profit as the Iraqi economy grows but this is speculation and to feel cheated if you don't get rich is simply ridiculous

T

Yep you completely missed my point by a long shot. When you take something away from your original purchase, you know 000, you are cheated. Has nothing to do with a huge profit because they could revalue the dinar without lop to 700 iqd to 1 usd.

[Atheist]

speaking of "Adams Email"

Hi again, it's me - Adam Montana.

I sent an email recently that received a heck of a response - it was my "RV Rate Thesis".

I'm perfectly ok with admitting I may have been wrong!

It happens, right? I'm not perfect.

Well... this is a strange situation that I find myself in.

You see, I will always have my own opinions...

... but I also listen to people who know what they are talking about.

And in this particular case, I'm being told by people that I truly respect...

... that I'm way off base with my prediction of a "ten cent RV".

They think it should be much higher than that.

Hey, I'm no fool! I will happily admit to being wrong and eat all of the
crow anyone can shove in my face if I'm wrong on my projected rate!

After all, it's only my opinion.

But I am hearing a lot of persuasive talk from some very smart people
that makes me think I could be very wrong, and we'll see that very
soon.

All we can do at this point is wait, right?

I'm here waiting with you! If I can help you, feel free to use the support desk... and "HERE'S TO ADAM BEING WRONG!!!!"

Best regards, all -

Adam Montana


how come he can change his mind about what he said in the past due to his rethinking over what he said

but i can't


I'm at least changing my view because of a document from a US military REPORT that deals with NOTHING BUT IRAQ

Adam Changed his mind because of what some other 'smart' peoples opinion were

come on guys, get real....i have legitimate reason to be worried now that i read a miliarty report!!!

FRM THE INSPECTOR GENERAL

The difference between the two of you are drastic. Adam has always thought it would RV but come out low. Now he is thinking it will RV and be higher than he originally thought. You thought it would RV, you made fun of the lopsters and now you have totally changed your philosophy to a LOP.

Between you and keep, I am sure since both of you are positive you won't make any money, that we can find some of us to buy up what you have. Anytime you think you have seen it all, all you have to do is read a lopster post. You spent thousands of dollars investing and then argue how you "will not" make any money. You have lost any credibility that you may have had.

[DinarRedneck]

Reckon Atheist, I know this aint a Religious section, but i'm a religious man,

As an atheist i have to ask you, when you find yourself face to face with G-d, or when you feel him in your heart...You will feel the kind of joy that only true belief can give and will want to sing his blessings from the rooftops....

I promise not to say you have lost all creditably because you once believed there was no G-d and since finding evidence(in your heart, soul, mind) of his excistence you now believe

I reckon my point is, not everything we believe strongly we will always believe, i reckon one of the greatest gifts G-d has given us is the ability to be humble and accept our mistakes

Edited by DinarRedneck, 31 October 2011 - 06:29 PM.

[Atheist]

Reckon Atheist, I know this aint a Religious section, but i'm a religious man,

As an atheist i have to ask you, when you find yourself face to face with G-d, or when you feel him in your heart...You will feel the kind of joy that only true belief can give and will want to sing his blessings from the rooftops....

I promise not to say you have lost all creditably because you once believed there was no G-d and since finding evidence(in your heart, soul, mind) of his excistence you now believe

I reckon my point is, not everything we believe strongly we will always believe, i reckon one of the greatest gifts G-d has given us is the ability to be humble and accept our mistakes

Since there is no God, your point is moot. I figured the negatives would come once I gave my answer. Oh and santa and the easter bunny doesn't exist either folks.

Edited by Atheist, 31 October 2011 - 06:39 PM.

[DinarRedneck]

Since there is no God, your point is moot. I figured the negatives would come once I gave my answer. Oh and santa and the easter bunny doesn't exist either folks.

Would it have helped if i used Beer as the Example? Reckon i know more about Beer the G-d

[dinarck]

I disagree. It is cheating someone. When you take something away you are cheating someone, no matter what you call it. If someone sells you a car and lops the wheels off of it they are cheating you. Anyone can come up with a cleaver name to cheat you. Oh it has been done before many time, so that is the reason it is not cheating you? No, people steal all the time so that is the reason it is not cheating? No matter which ever way you look at it taking away something is cheating, because it is not what you bought. Yes this is a speculation investment, ok, any way you look at it. When a country does not lop there currency and rv there currency that is true value for what you bought, when they lop they cheat you out of value. Otherwise change the actual looks of the currency. Even though you see the 000 they are not there, it will be ignored. So they cheat you. Yes they cheat you on a lop.

Do you really believe that Iraq owes you 25,000 US dollars for buying a 25,000 IQD? Zimbabwe. They had notes with 50 trillion on the face. They didnt owe anyone 50 trillion USD for buying one. Its called a hyperinflated currency and like it or not it is what you bought, not a lottery ticket that garantees you millions for nothing. Redenominations have been done all around the world and Iraq is in the same position as the majority of the countries that have performed them in the past and dont give me the oil argument. A lot of countries have large amounts of oil. Venezuela is a perfect example and they had a redenomination. I still fail to see where you are being cheated. You will recieve a 25 note worth 21.35 USD for your 25,000 note that is worth 21.35 USD. You have lost nothing except dealer spread. To think that Iraq owes you 25,000 USD for a note that is worth 21.35 USD is laughable.

[Aqua Dude]

The difference between the two of you are drastic. Adam has always thought it would RV but come out low. Now he is thinking it will RV and be higher than he originally thought. You thought it would RV, you made fun of the lopsters and now you have totally changed your philosophy to a LOP.

Between you and keep, I am sure since both of you are positive you won't make any money, that we can find some of us to buy up what you have. Anytime you think you have seen it all, all you have to do is read a lopster post. You spent thousands of dollars investing and then argue how you "will not" make any money. You have lost any credibility that you may have had.

you really don't know what you are talking about....nor do you understand what im saying....no one said it will not make money....wow!

[zul]

Sorry dude..i'm sticking with the IMF data

Remember this IMF Link? My link

IQD real rate as of 2009 was 1 USD = 292 IQD. It's 2011 now....==> increased oil production + more reserves to support their currency + they are removing all the 3 zeros notes.....(reducing their currency volumes).

Why would they wanna LOP..?