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clemly

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Posts posted by clemly

  1. What Obamalama wanted to say and couldn't say is we have to be very careful with China and not make them mad. If China stops buying our treasuries, we are dead in the water. We are living on more and more borrowed money. China already owns us and there is absolutely nothing we can do without a complete fiscal policy change of reducing spending and a flat tax.

    OK, everybody ready to go buy the next round of currencies? How about a basket of Yauns? Yuans? (Chinese currency). For me, I'll pass. When the one we have RVs, that is it for me.

    I hear you man...lol

  2. I posted a message on here yesterday about trying to sell some of my 250 dinars denomination, but I am not sure if it was taking off or if it is gone because of that server problem. So I will post it one more time. If I am not suppose to please let me know and I will remove the thread. If it is ok then I still have alot of 250 dinars that I am looking to sell. let me know if you are interested.

    Thank you,

    Jason

    when were these printed and how much?

  3. 6:10 PM [dbcooper] Right now the local unit (one dinar) is worth $.00085 making 25,000 dinar notes worth $21.25 At the current Exchange Rate of 1170 per dollar the new 25 dinar notes will only be worth $.02 ($.00085 X 25 = $.02) The notes cannot coexist with the same dollar value because every Iraqi holding 25,000 dinar notes will lose $21.23 on each note. There would be riots everywhere because of this! Now, if they make the 25 dinar note the same dollar value as the current 25,000 dinar note they will have increased the dinar's Exchange Rate from 1170 per dollar to 1.17 per dollar, making 1 dinar worth $.85 which then of course raises the value of 25,000 dinar to $21,250 The denomination numbers on currency notes cannot be ignored, they represent the notes value based on the Exchange Rate. __________________ Not Revalue but Restoration of the dinar.

    I think this explanation that was posted for Venezuela clears up the misconceptions

    http://www.reconversionbcv.org.ve/pdf/TripticoColorIng.pdf

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