sil2004

There are 3 kinds of people in the world. Those that make things happen, those that watch things happen, and those that wonder what just happened!

Sorry thats country

if they lop then 25 trillion in circulation will become 25 billion. At a rv of 3.00 to one that is 75 billion, wont cover the 2010 budget. The weath will be removed from Iraq forever. No money in lopping. The Iraqi people plan on going forward for 100's of years with plenty of time to increase the grows domestic product of the contry and cover a revaluation. The dinar was worth 3.00 plus in the 70's when oil was 15.00 per barrel. Relax people

You cannot just remove the face value of a note, no one can, you can only change the fractional exchange rate and that changes the purchasing power of the note. If you were going to do this why would you have printed 1,5,10, and 25 dinar notes. No lop!!!!!!!!!!!!!!!!!

I personaly think if it rvs at the .30 iI think it is worth after 7 years of holding this I would be happy.My statement was a general statement to the group as many think they would be screwed if that happened

I think the 25 k notes will be used as bank transfer notes like our 100,000 dollar notes. Also the goverments have an agreement to honor the higher rate between themselfs. Our gov makes about 12 trillion on this deal also as they collect our money

Lets look at the fact that iraq has never done anything until it is way past the dead line. My theory is maliki want the rv, cbi has the power to rv but doesnot want to go to high and try to contol growth. We want as do the iraqi people a high rate, reinstate the rate 3.22 or more. Cbi does nothing by the 16 of march. Maliki askes again to get out of chapter 7 from the unsc. Unsc says no. Imf and cbi meet on 17 of march with no rv. Goi takes the 3.5 billion loan because they dont have a currency yet to pay the budget. Imf now has the rv and institutes a rate of 1.17 to 1.35, alittle moe than the dollar. We and the iraqis have 90 days to cash in. Cbi holds up the small denoms until all the large denoms are out of circulation. For simple math now your 1 million dinar is 1 million dollars in the bank. Iraqis 1 million dinars are in thier bank. You have forced the iraqis to deposit thier money into banks they dont trust and are now useing debit cards to get by. 90 days go by and the new goi and i think maliki meet in june with unsc and ask to be released from chapter 7. They get released and the cbi then says great, restore the wealth to the people and they reinstate the rate at 3.86 and release the small denoms. Now our 1 million dollars is still 1 million dollars, but an iraqis 1 million dinars in the bank is now 3.86 million. I guess you could say they screwed us but it would solve the problem of us profiting to much and save iraq approximately 66 trillion dollars they dont have to cover. If inflation starts to rise and the goi sells t-bills as they have stated, and I think it and they will, the value on the dinar will start to drop and wind up closer to the gcc target of 2.66 in 5 years removing any driving speculation on the currency. Let the bashing begin.

Great post ! Thanks for the insight and honesty, Gog bless you and your family.

my vote for steve big time!

Just a thought,Iraq paid 3 trillion dinar in march to cover a 2.4 billon power restoration bill. Does this mean when they lop the people holding dinar payments at current value will get screwed? I dont think so. Forget about lopping zero from currency.

If you want to see a black mans perspective on obama, visit u tube, pastor james mannings vidio on getting ready for the 2nd revolution

I dont care what color you are. the rules are simple.He filed a amended birth cirtificate, not a real bith cirtificate. Would it not have been cheaper to supply a real certificate than spend 950,000 dollars in 12 states with 11 law firms to avoid producing the document?

Have been intrested in dinar since 2004 and have many friends intrested also. I have told them about this site as your info is rarely right but always intertaining. Like most on here i am a true believer and think it will revalue soon. All info I have founnd suggests it would be best for the usa tax payers if it happend now, but probably wont happen until next year. Rumor has it that the heatlh care bill has a 5.4 % capital gains tax included in it. Obama is not lying about increasing any taxes, just did not say he would not make any new taxes. I hope as a small buisiness owner that it happens now, we pay off china and tell them to take a hike, balance the deficit and dont just do what the democrats want to do and that is spend more money on goverment jobs and spending. The goverment should have given the money to working americans to pay off homes,cars,schooling etc instead thre banks and wallstreet who have now stolen approximately 8 trillion in wealth from us, the tax payers. I have said enough. I hope this reval happens, and we as investers will spend the money on helping others, and get this country back on its feet, for the good of the many, and not just the few. thanks