Tahoe
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I always chuckle at these bank stories...... If all these bank managers are in the know about the Dinar, and know the RV is coming, why are they soooooooooo anxious to set up accounts??? If they know the dinar is about to RV, they would obviously own some and would be millionaires as well and be planning to quit their job....... So why so anxious to set up your account for the "peanuts" they'd make compared to their new dinar wealth as they head to retirement??
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I would think that in order to RV, Iraq would need to get as much IQD off the streets as possible. How? Devalue it against the USD. Which results in the Iraqi people using more and more USD. Then, at the right time... Bam! RV occurs and new denominations on par with USD are introduced. Iraqi's turn in their USD for IQD on a near 1 for 1 basis. Since the money on the streets is USD, the obligation is less
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I always thought it would make the most sense for Iraq at RV time if they did as much as they could to get the dinar out of the hands of the people and replaced with US dollars. That keeps the financial impact on the streets as level as possible...
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I totally agree...... very lame response to the LOP question....
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What about those that don't know the basic fact that tax cuts grow the economy?
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Great post..... I've always wondered the same.
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The guy didn't leave the site, only went on vacation for 6 days and won't be on his site much. But I believe he feels this will all be over in days.
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[Now let’s reverse that. If Iraq were to lop the way they claim one old 25,000 dinar note is equal to one new 25 dinar. that would only bring an amount equal to 24 billion in US dollar value. This would be the entire Iraqi dinar money supply. This would not work. Consider that Iraq’s budget for 2011 is equal to 82.6 billion US dollars. A lop of the currency would not even meet a third of the budget let alone provide extra currency for the people of Iraq to use. So obviously both scenarios are wrong! This is the part of the whole RV world that has bothered me. Is there any solid evidence that debunks the theory that Iraq could LOP then RV? If they LOP, then RV at mid $3, they've met their budget. We don't become millionaires, but we basically triple to quadruple our investment.........
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Okie's basically saying his sources are no good and he doesn't know what's going on! Gee, that's a switch!
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Comments like that worry me.... This investment has gone on......and on..... and on.... some new thing to set us back week after week....month after month.... These guys do this for a living, so they have to be smarter than I am when it comes to foreign currency! And today, here we are still waiting on the voting of the security ministers before our long awaited RV??? Like we haven't been doing that for 3 months. Sorry.... just getting discouraged.
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And after it doesnt happen, he'll get mad at us for questioning his intel......
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Great Bits Here!
Tahoe replied to Blessed4ever's topic in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
I hope I'm wrong, but I just can't believe this is coming to an end. My guess is we will still be talking about all this 3 months from now.... maybe even 6 months.