wgb52

PTR does not allow religious posts. I appear to be the only one that thinks this is an inappropriate post on this site. Religious beliefs are not appropriate for investment forums in my opinion.

More likely to find counterfeit in circulated orders.

The reason it was removed was because you had misbehaved previously and been banned for mean and hateful names. They know you are Rich in Texas, aka shoebomber and numerous other ID"s. He is still offering the challenge to those who RESPECTFULLY disagree with his thoughts. The challenge went out Friday night...72 hours are up MONDAY night!

That does not mean he is wrong this time. Oh really? Do you know what reserves they require to support this figure? They have it and more. It does not matter how much currency is out of country...it is only IN COUNTRY they have to support. Do some reading please!!!

Duh! Look who is talking. Some people never learn!

Do you have proof he is wrong? I would be careful calling somone a liar, you may be the liar!

This "plan" is different. None of the above apply to the Iraq revalue.

If it was rescinded how could we buy dinar today? Either, it was not rescinded or the presidential decree is no longer needed because it is no longer considered a "terrorist" currency. Either way...we can still buy dinar.

All it means is they would release the small bills (RD) at the same time they increase the value (RV)

True statement as 13303 presidential decree no longer needed.

Extension not needed. It is legal to buy dinar now even without the President's decree.

Old news...see other threads.

If he is closing down for his families safety...why would he say he will reopen as soon as it RV's????

Something is up!

The challenge with this theory is in the money supply reduction. He states that through auctions the money supply can be reduced. If they buy dollars by selling dinar to foreign countries it increases reserves AND future obligations. If they sell dollars for incountry dinars they lose the needed reserves and taint their own currency. Anybody have any ideas how they can reduce their money supply? T bills are unlikey and increasing of bank reserves would stifle the economy.

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I think a new breed of genetically altered gurus have arrived on our planet. I knew this guru inbreeding would have consequences!

I do hope this is true. The last thing our investment needs is more currency in circulation. More currency equates to a lower RV.

Real reserves are unknown. The official rates are in the 50 - 55 range. The repatriated funds make some believe the total is more like 250 billlion. These figures fit well with Adams .10+ forecast, I think most will cash in ASAP....hope we get to find out soon.

I listened to the shows even emailed Breitlinger. All they say it is Iraq policy or it is done or being done. Nobody says HOW it is being done. The redonomination part is easy.... but it is the shrinking of the currency supply that nobody seems to be able to explain. What other LONG term mechanisms do they have for reducing the money supply?. They have foreign sales (like to dinar trade) or changing bank reserve requirements. Smart cards are not the answer as they are just a store of value and can be exchanged for physical dinar or goods. Next to stealing dinar or raising taxes....how can they make it disappear?

Actually it is just the opposite. The most popular economic models for determining an exchange rate use 6 times total reserves divided by total IN country circulation. Dinar in foreign hands will unlikely ever reach Iraq again. Those reserves will be used to primarily pay for oil imported from Iraq.

The reduction of currency in circulation is a major key to this investment. I have not been able to find the actual mechanisms employed. The only reducer I have been able to see is the currency sales to foreign countries (how we got our dinar). There are many ways to reduce the SHORT term money supply (ex. sale of t bills)...but none of these would actually remove the in country obligations . The only other way (that I am aware of) is to increase reserves/reduce lending/call in loans. I have not seen evidence of this. I would really appreciate it if someone could tell me how we have gone from many trillions in circulation to (allegedly) billions?

It says they can amend the values for year 1979?

Great post! Thank you Gbosh

Why would a contrator have a smart card...does not make sense?