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Everything posted by MButler
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Iraq Dinar Value Seems Likely to Significantly Increase
MButler replied to Quietlearner's topic in Iraq & Dinar Related News
Dalite, on 10 July 2011 - 09:08 AM, said: "Unless the IMF passes a Bretton-Woods type treaty, the IQD will continue to be a Fiat currency; oil or not." Maybe we can use our debt ceiling as leverage towards the IMF. America can say we'll raise the debt limit when you pass the Bretton-Woods type treaty. -
Found this on Yahoo... WASHINGTON (AP) — The International Monetary Fund's new chief foresees "real nasty consequences" for the U.S. and global economies if the U.S. fails to raise its borrowing limit. Christine Lagarde, the first woman to head the global lending institution, said in an interview broadcast Sunday that it would cause interest rates to rise and stock markets to fall. That would threaten an important IMF goal, which is preserving stability in the world economy, she said. The U.S. borrowing limit is $14.3 trillion. Obama administration officials say the U.S. would begin to default without an agreement by Aug. 2. Lagarde, who took over as managing director on July 5, also addressed the fallout stemming from the sexual assault charges filed against her predecessor, Dominique Strauss-Kahn. Strauss-Kahn resigned in May after he was accused of attacking a hotel maid in New York City. He has denied the charges. New York prosecutors have admitted in recent weeks that their case has weakened and that the accuser has lied about many aspects of her background. Lagarde, a former French finance minister, told ABC television's "This Week" that the scandal caused "a very strange chemistry of frustration, irritation, sometimes anger, sometimes very deep sadness" among the IMF's 2,500 employees. Lagarde said she would be on her "best behavior all the time." "When it comes to ethics and whatever I do, I always think to myself, would my mother approve of that," she said. "And if she did not, then there's something wrong." President Barack Obama and congressional leaders from both parties planned to meet Sunday evening at the White House to resume negotiations on a debt deal. House Speaker John Boehner said Saturday that the talks should aim to reduce the deficit by about $2 trillion over 10 years. That's about half the size of a more ambitious deal that Obama floated last week. Republicans are insisting on deep spending cuts as a condition of voting in favor of raising the debt ceiling. Obama and congressional Democrats are insisting that more tax revenue should be part of the mix. Lagarde did not address the European debt crisis or the IMF's recent aid to Greece. On Friday, the IMF's board approved a $4.2 billion loan to Greece, the latest installment of a bailout package intended to prevent the struggling nation from defaulting on its debt. The IMF has 187 member nations and lends money to countries with troubled finances. http://news.yahoo.com/imf-chief-calls-us-raise-borrowing-limit-130713114.html
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Here is my question. When ever Iraq decides to RV, with or with out a turn-in-period to remove the dinar with three 0's on them, can't we just go to which ever bank we decide to deal with and exchange our three 0's Dinar with the newer, lower Dinars? Once Iraq is a tradeable currency, won't most banks be able to also do exchanges? I think this would help if Iraq decided to come out low (10 cents, 20 cents...what ever amount) and do a managed float. Would I be able to go into my bank with a 25,000 dinar note and ask for twenty-five 1,000 dinar notes? This way I wouldn't have to worry about a turn-in period. I could just sit on the lower vlaue dinar and cash in those after the managed float rises to a better value.
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Currency Overhaul, Redenomination. A must read!
MButler replied to buffalowade1's topic in Iraq & Dinar Related News
I have been telling myself for almost 5 years now that it is in my best intrest to keep my dinar in a safe close to home that I had access to whenever I wanted. But lately I have been going through an internal conflict about releasing at least half of my dinar into an Warka account. The thought of puting my investment into a war-torn forgein bank account is a scary thought. On the down side, my dinar would not be FDIC insured in any other country. And a bank in a war-torn forgein account could be lost in a "coo de ta" without regard to whos money was in the system. On the plus side, if I put the dinars into a Warka account it would earn intrest which it is not doing in my safe. Also, if Iraq were to change their currency, I wouldn't have to worry about wether or not my 25,000 dinar notes would still be valid. I am on the fence with which senerio is best, but reading articals like this point to using both my safe and a Warka account. -
Question about In-Country and Out-Of-Country RV
MButler replied to MButler's topic in RV & Dinar Questions
This is a relief to hear. But I am still confused how there could be an in-country rv only. I have read some of the topics about this, but not sure how an in-country rv could be if once the dinar RVs in one place than it has to RV in all places? -
Is it possible that the Iraqis could have an in-country rv rate w/o a lop and then have an out-of-country rv rate with a lop added to it? I never really thought of this scenario before, nor have I been able to find anything that discussed this possibality on here.
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Baghdad wants U.S. to pay $1 billion for damage to city
MButler replied to MButler's topic in Iraq & Dinar Related News
Oh yeah, but mainly the U.S. and British forces. -
Baghdad wants U.S. to pay $1 billion for damage to city
MButler replied to MButler's topic in Iraq & Dinar Related News
I'm pretty sure that the U.S. was going to "Tear Down These Walls" when all of our forces are out. Or most likely after the U.S. Forces are there for a couple more decades and Baghdad just becomes another duty assignment like Korea and Germany. It was already know that the U.S. was going to continue a massive rebuilding effort after major combat operations have ended and there was a stable Iraqi government. Just the gaul of them to make demands is what's crazy. Maybe it's just some political posturing to make one of their politicians look like they have the power to make demands to the U.S. -
I bought from them back in 2006. I carefully checked for all the different security features on each and every dinar. All of them were ligit. I would buy from them again if I needed more.
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Lets Go... RV... Lets Go!!
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what does this mean?
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Yahoo News...Iraq Approves New Government
MButler replied to Roscoboy007's topic in Iraq & Dinar Related News
Sweet!!! -
If Malaki is the PM of Iraq, can't he just say "this is the person I have chosen for X position"? Then that is that and the cabnit is named.
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Al-Maliki Will present his cabinet formation in four p.m.
MButler replied to k98nights's topic in Iraq & Dinar Related News
Well, it's past 8am here in Florida. Any GOI anouncement yet? -
Dinar #6 on top ten currencies to invest in.
MButler replied to Drez's topic in Iraq & Dinar Related News
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$4.2 trillion is a serious lot of money!
MButler replied to humveee's topic in Iraq & Dinar Related News
In recent history, I don't think that a seated President has lost a second election that they ran in. I believe that the first President Bush only served one term, but he didn't run for office for a second term. -
I purchased from GID Associates back in 2006. I checked all my dinar to make sure it had all the appropriate security features and they did. I don't have a UV light to look for the little square that glows, but I used a blacklight and saw that they were there, just looked really light. So as far I as know, GID is a legit company. Please let me know if you hear anything differently.
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So where do we find the list of things that can or can not be talked about on here?