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moses7797

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Posts posted by moses7797

  1. What is sad, is that most (like 99%) of Americans don't understand the U.S. monetary system - even a little bit. The Fed is a private company. The U.S. congress surrendered the U.S. rights to create money to the Fed. So the Fed controls the monetary policy for us. But this truly is raping of the U.S. citizen. First the congress surrendered the right to create money. So the Fed creates the money. Then the Fed bills the U.S. gov't for the right manage the money. Then the Fed also earns interest off of the banks that it lends the money to. Meanwhile, the U.S. gov't taxes the U.S. citizen in order to pay the interest that it owes for borrowing money from the Fed, because we surrendered the right to control our own money. Thomas Jefferson and Andrew Jackson were staunchly opposed to a banking system where the U.S. gov't surrenders its ability to control the monetary policy. Although the Federal Banking System was defeated. After years of waiting the Federal Reserve was created for the same purpose.

    If you want to understand the U.S. monetary policy and history there are two must read books: 1) The Coming Battle and 2) The Creature from Jekyl Island.

    The Creature from Jekyl Island explains the creation of the Federal Reserve and its primary purpose of bailing out "too big to fail" companies and then passing that cost on to the American Citizen.

    Both are excellent books and I highly recommend them. They are very hard to find as they are no longer being printed. However, I recently saw a post providing an internet link for The Coming Battle in pdf format. So if you can search and find it, it is worth it.

    I bought The Creature from Jekyll Island on Amazon for a very reasonable price. It is well worth the read for people with no idea what is going on and want to learn.

    :twocents:

  2. They delayed the vote until 5pm Baghdad time due to power outage at the meeting of parliament.

    http://another site.worpress.com/2011/02/20parliament-adjourns-till-5pm-baghdad-time-8am-cst-adjournment-due-to-delay-of-the-finance-committee/

    Also for all the people thinking just because the budget posts there will be an RV have something else coming. Don't get too excited there are other issues that need to be settled first.

    for some reason the link will not work. copy and paste and it works.

  3. All I can take away from this lop business is that if I would 1 million IQD and they chop 3 zero's off, I will have only 1,000 IQD. Even if it RV'd to 5USD = 1IQD...I'd have profited $5000 - $1000 (purchase cost) leaving me with a net profit of $4000. a $4k profit is clearly NOT worth the ups and downs of this roller coaster . Please, if i'm mistaken correct me

    Just my opinion: IF and only IF they were to "LOP" zeros I can only imagine it would mean changing the large denominations to the smaller denominations to make transactions easier. for instance they rollout the new 1, 10, 25 instead of the 1000, 10000, 25000 notes.

    You change what you now own for the RV rate and they remove the large notes from circulation. you do not lose any potential value and is in no correlation to the value of the new smaller denoms, they have just removed the 3 zeros. Just a theory......

  4. Did the women who started the first thread about her brother cashing in on Tuesday ever get the info about the bank her brother was cashing in at? I saw the original thread was closed and would like this info to either confirm or debunk tomorrow. Please no comments about how it is not possible as I am not debating that just want the bank info.

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  5. Ok my brother lives in Atlanta GA and he was once in the army and he has invested in the iraqi dinar. He calls and tell my mom that he will be cashing in his money on Tuesday at a bank in Atlanta for the rate of 3.22. I don't believe this at all considering known facts and I am just trying to get some info from others. I don't know what kind of fairy tale he's living in or who he is trying to get over on because I've heard nothing about it.

    Can you find out the name of the bank? I am in Atlanta and I will verify this info for you.

    Hell, I will send a mobile upload of the transaction for certain proof!!!

  6. that web site is currently showing the IQD at 118 against the usd. Just found it. Please forgive me if someone already pointed this out.

    so just a follow up here, probably not a typo on the usd as it has now changed to show 120 instead of 118...question is what does this mean

    I thought I addressed this on the first page of this thread. The 118/120 Is hundred thousand against one hundred USD.

    So 120,000 dinar for 100 USD so in all reality the rate is virtually the same when you breakdown the zeros. and actually at the higher rate you are getting more dianr per dollar.

    Sorry, for some reason my first post was deleted in this thread. I wonder if I am intruding on the pumpers??

    oh and for everyone freaking out the rate on this same site is posted back at 1120.

  7. There is no real difference with this rate or the old rate. this is 118,000 IQD / 100 USD. The old rate was 1170 IQD/ 1USD. Basically all they did was add 2 zeros. If you convert it back to what you are used to seeing it would be 1180 IQD / 1 USD. So it weakened by 10 IQD.

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