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Doctor Smith
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Posts posted by Doctor Smith
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If 1D=$1, then Bill would receive approx a 100x return
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No. It would be approximately a 1000x return.
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I think the speculators have much less Dinar than the banking system and governments. So are small percentage will hopefully be too insignificant for them to bother with.
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It's probably a rumor that the Iraqis have to turn in their 25,000 bills pre RV. They would have to carry around stacks of money which wouldn't be practical. They aren't going to "all the sudden" spend all their money as some claim just because they have smaller denominations.
After a significant RV it will no longer be practical to carry around the larger bills. As the bills are cashed in the banks will keep them. Smaller notes or coins will be manufactured for small transactions.
They aren't suppose to play games but it is possible that they will try to get you to turn in the larger bills in a limited time period. So you might not be able to hold on to them long enough to wait for a higher RV value or better bank rate (spread).
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Save your prayers of thanks for after the cash is in the bank. The CBI shows no change.
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The IMF can't force a country to revalue its currency or China would have had to raise theirs. Iraq may be different because of the War. It's a little more complicated than filling all the positions getting out the rubbers stamp and pressing the RV button.
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THE TRAP SEEMS TO BE IN PLACE,,,,HAVE THE IRAQI`S TURN IN THE ,,,,000 BILLS FOR AN EVEN SWAP OF LOW BILLS,,,,,THEN CALL IN ALL THE BILLS AT LARGE FOR GOING RATE,,,( 1170 PER I USD ) WITHIN SPECIFIIC TIME FRAME... AFTER ALL THIS HAS TAKEN PLACE,,,THEN R V 10 CENTS UP TO $1.00 ,,THEN FLOAT...... MAY OR JUNE???????????????........... MY TAKE
This is a possible scenario. If they only called in the 25,000 notes that would cut out about (my guess) 99% of foreign investors. I have been looking at smaller denominations if I buy more. The smaller notes (within reason) might be safer. Which notes will they stop at? The $500 is the first without three Zero's. You would have to have 20 100 note stacks to equal 1 million Dinar.
And if they do that, what's to stop them from thwarting profits on electronic accounts?
If a nation only valued certain denominations, who would trade with them, exchange with them, or conduct business with them? To limit the time period for currency exchange in order to force the de-valuation of currency in circulation in order to reduce debt doesn't happen and wouldn't be tolerated by the world financial community. Countries have to be accountable for all of their currency and they can't play games with exchange timelines to try and prevent people for exchanging. Remember, in addition to individual investors, large governments and banks outside of Iraq hold Iraqi currency. Money from all over the world has flowed into Iraq through the purchase of Iraqi Dinar. The Iraqi Government will honor that investment in their economy, or there will never be faith in their economy and they will never be accepted by the world financial community. -
It looks to me like the reserve policy is for those that know exactly when the RV is going to occur but have very little money. And judging from what I've seen this just isn't possible. Maybe you'll get lucky and put up a fraction of the money and it somehow hits just perfectly after 7 years. More likely you will end up paying more money or lose the deposit.
It's already more expensive than usual to buy the Dinar at this time and the reserve Dinars are even more so.
Unless you have some money that's coming to you and you're afraid it will RV before you have a chance to buy, just buy a smaller amount for now or wait.
Casual Dinar Discussion With a Wells MGR
in RV & Dinar Questions
Posted
If this is true it means quite a lot. They know it is going to revalue and they are getting set up for it.