ThePhantomRider

So there was 27T printed, allegedly 24T in circulation outside of Iraqi hands, that leaves less than 3T in Iraqi hands less what has been taken out of circulation due to wear and damage. Hmmm, and what about the bills that the CBI takes in and destroys from time to time? The numbers just don't work, plus, the whole total amount in circulation will not be paid out at a high rate, only what is exchanged or "cashed in" will Iraq have to pay for. Get me the numbers that will cash in based on even a 1-1 ratio and you'll have what the real cost will be. Plus, not everyone will cash in right away, especially large investors and such, the key here is what rate will give them the highest probability that small timers like us, cash out and big timers buy in a similar volume. The closer they get to net zero the better for them because the big fish will buy in anticipation of even better future returns. TPR

I've not seen that break down, and I got to tell, you it's fresh, and very plausible. Well done. TPR

I was stating that they would only lop if they experienced a high rate of inflation. I, like you do not believe a LOP is going to happen, it was simply a potential future scenario, nothing more. TPR

I believe that post RV, whatever the rate coming out ends up being, you could very well see a LOP happen. I don't believe they will LOP then RV, but I agree that if they do in fact get enough high denominations out of circulation and based on what their inflation rate is at the time, they may very well eliminate the high value notes all together. Not much we can do about any of this, it will happen when it happens, our returns will be what they are, I only caution that if you are someone who believes in a LOP down the road but plan to ride the forex to see how much the dinar increases over time, that you be wary that the LOP monster could rear it's head at any time. TPR

keepmwlknfny Junior Member Group: Members Posts: 1,619 Joined: 04-March 10 Posted Today, 09:18 AM This is GREAT news! If they can get the iraqis to trust the banks and turn in their physical currency for electronic funds then it will cover the issue of the excessive amount in circulation which means the rate at which they come out at can be significantly higher! I think this is the best news or plan I've heard in months! I guess the dinar gods heard my issue with the currency in circulation problem. Just pointing out that Keepm has not always been so gloomy...plus it addresses his argument about currency in circulation... TPR

Look I've not had a negative post on this site ever, I can attest to that, and both sides make compelling and intelligent arguments and quite frankly, both sides will most likely be proven equally wrong. I believe that IF...IF the dinar comes in lower than $1 it will be in the .80 cent range with a copious spread on a managed float. Theoretically anything less would create a far too volatile situation in the Forex market of which the CBI and IMF would have little hope offsetting or handling. I am comfortable in the 1.30 to no more than 2.50 range which allows for a substantial recovery of past exchange (not Saddam 3.22) AND the ability to utilize a tightly managed float and see where the currency moves from there. A dime is a blessing, but it WILL be bought up, swallowed up if you will at that rate, period, end of story. What this really comes down to is, EGO. You have the Olkies, TK's, Chickenpokers, Cage Truckers, Steves...etc all proclaiming to have the best intel and inside track on the RV...What the rate and date is...We all know they are jokes and nothing more than the Enquirer Tabloid Guru's of Dinar. You have the intellectuals, Doc31, Scooter, Enoch and others who use experience and non emotional differential to express their OPINION on the dinar. Their goals is to allow for clean information without spin to sell their story. Sure they do offer opinion about what they see, but from a point of view with experience. Then you have Keepm...he tells it like he sees it, he's the one who's gonna warn ya that this is not that big, the RV will not mean millions and he may be right....but WOW, if he's wrong, well then who's happier than him to be wrong??? I know there are Dinar investors out there far smarter than you or I who could poke just as many holes in your OPINION as you did to the guru info. However that's not the point, the point here is EGO and my boy you have it in spades. You are the anti Okie but run in the same need to be hated vein as Okie needs to be loved. You crave attention with the misrepresentation that you are actually trying to warn people not to be hopeful or even bow down to your low RV prediction because in the end, you risk nothing....NOTHING!! Just like all the gurus. You could have simply expressed your opinion and analysis in an astute and adult manner without cynicism, or smugness, but the true nature of your post was for attention and to simply get off rubbing people's nose in what amounts to a very gutless post. You took no risk, anything over a dime is a win... you seek out negative attention and I and others fully believe you truly get off on making others feel bad or uncomfortable by using "being real" as your foil. A picture tells a thousand words, and yours....tells it all, you know people comment about it especially based on your posts, and you get off on it. You get respect points here for sticking to your guns and a well thought out opinion, but your smarmy attitude and absolute inability to engage in an adult conversation without a retaliatory stance really exposes your desperate need and that is simply attention. Sorry, I have never gone negative, but I am not really understanding the lengths some go to falsely build people up or tear them down just for their own amusement. Keep, this is the last time I'll spend commenting on anything you say, which means it's an opportune time to strike back, and I'll let you...for you can't refute post after post attempting to be prophetic and wise all the while being a smug.....Sounds like perhaps you need your very own Dinar Site...call it DinarDowners.com.... TPR

I'll give you that a dime is a huge deal and that 3+ is probably a pipe dream **though plausible over time once the currency is traded and exchangeable** however I believe that glossing over the fact that coming out very low will bring little in the way of large investors to buy up the currency for future profit is a bit naive. True they will want to invest in Iraq as a country, but rest assured there will be big traders in their currency side as well. Consider the role the IMF plays in conjunction with the CBI...if they are in a tightly controlled float when it goes live, even then, the shocks to the currency market will be huge, you can research this yourself. The OPTIMAL way for the currency to revalue is based not on oil or futures or fake past rates, but in what is equatable for the economy and what can be best managed by the IMF and CBI. If they come out too low, (especially with the potential for Iraq to eventually have their currency rise to Kuwait, like levels over time through natural growth) you'll have speculators in there like flies on dog stuff buying what they can and only seeing sales by those that are ready to jump ship when they can...and that is a small number in the grand scheme of things. Now the IMF and CBI will be responsible for selling enough to cover the buys and that would cause massive shock waves.... Now come out too high...near Kuwait levels, you'll have a massive sell off for exchange profit causing the exact opposite effect, the IMF and CBI having to buy back all this currency, not good either. Where the crux lies is the happy medium, high enough, to get a fair amount of sellers who want their profit and run, and low enough that true speculators will come in and buy up incrementally in anticipation for the eventual rise and natural equilibrium the IQD will reach once (if ever) things settle over there. The IMF and CBI DO NOT WANT to have a huge bull to hang onto for 8 seconds. That's why it's important to do this right AND why theories like Scooter's double RV is very likely because it allows a chance to increase their buying power under a stable influence, then let it rise and stabilize further and reset the rate. TPR

Thanks. I like to read every opinion and theory, UNCS included but don't like good people being tossed under the bus. TPR

Well you are allowed to have your opinion and theory just as others do, however I agree with Lawdog in that lumping Scooter in with the guru lot is a bit of an insult. Then again those who have nothing to pump, but try to help make some sense of this thing sometimes take the most critique because people then think what's their real agenda. It's easier for the lemming to consume a thought because if nothing else they are pumping for dinar sales or what have you. Most of the most talented and intellectual people I've seen in this investment don't even bother to venture into these sites simply because to me they are wasting their time spent trying to make the connections to what we all want, which is an RV. Enoch is another example, along with Doc31. They offer grounded OPINION based on a lot of analysis they do for free, and without asking or promoting anything. I'm sure there are those far smarter than I am that could do the same slice and dice to your theory, but what's the point, you made your theory based on one factor that apparently only you have been privy to up to this point, that The Bilderberg Group is in control...but wait that is thought to be organized and controlled by the Rothschilds which brings us back to where we were before. Perhaps there is some say here but remember that it's not just the financial elite that are part of the group but members of governments who all have a stake in the RV and how it not only affects their country but the entire world. So feel free to throw a wrench into an already complex machine, that's your prerogative, just keep the good people on these sites out of the crossfire. BTW, about the name calling, it's like I see on other sites, QUESTION MY THEORY?!?!? I'll call you names. If you post it, own it with no qualifications. Start calling out people or calling them names, your credibility goes down a few notches. TPR

Umm, just to clarify, Google Maps does not update constantly, so if there are news trucks, you won't see them there. TPR

I can't recall uncs being the rumor sort. I will say if there were ever a time where someone could say a time for RV Sunday would be it since banks are closed. We'll see

Which is why our currency needs to be tide to a composite of tangible commodities if it is to survive long term. This is our warning, ship up or you're out. If our country has any balls left we as a whole will do something positive post RV, the government, the people, everyone. Otherwise we'll be just another country. TPR

This clown just needs to admit he and Sadr are actually lovers. TPR

Exactly right, used to be a bank could only loan money based on their physical reserves, now they just take your credit, the value of the asset, go to the Fed and have them cut the check. TPR

OK folks, back away from the cliff. This to me, is nothing more than a warning. When the RV happens, we need to get our stuff fixed and running right moving forward or WE WILL be forced into a world currency. Period. You don't take one of the world's biggest powers (albeit, one that has been beaten down from within) and suddenly wipe it out. That will not stand, HOWEVER, the current path we have been following has pushed us to being the ones in danger. RV, clean up our spending, switch to a asset/commodity backed currency like we USED to have and mandate that if you don't have the money to back up a loan, you then can't make a loan, period end of story. TPR