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dinarinterest

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  17. Questions for Adams chat 11-2-11 :)

    in Chat Logs

    Posted

    Adam,

    Could not help myself, I am just a lurker mostly, but read the email about you possibly being wrong on the rv rate. I totally agree with your prediction, but would also love it if your wrong. My husband and I have conversations about the rate and what each other think it might be an why. Good Luck to you!!!! lol

    • Upvote 1

  18. Scooter 10-11-10 early am

    in Chat Logs

    Posted

    Scooter,

    Best article I have read on removing the zeros. Hope you will continue to post your chats.

    6:40 AM [scooter] Remember the next couple of days you will see the most confusing

    6:40 AM [scooter] Articles in the world --- all meant to create chaos and confusion

    6:40 AM [scooter] But here's what's going to happen and why

    6:41 AM [scooter] NOW

    6:41 AM [scooter] First -- the cbi has approximately 25 trillion in circulation

    6:42 AM [scooter] About 13 to 14 trillion are in reserves

    6:42 AM [scooter] Those reserves over the past 120 days have been exchanged

    6:42 AM [scooter] They have been replacing the larger notes with the smaller notes at the rv rate

    6:43 AM [scooter] And those reserves will never be touched

    6:43 AM [scooter] EVER

    6:43 AM [scooter] For the life of the currency

    6:43 AM [scooter] The remaining larger notes -- 25k, 10k, 5k

    6:43 AM [scooter] In circulation reside in iraq

    6:43 AM [scooter] In country

    6:44 AM [scooter] Once the rv occurs

    6:44 AM [scooter] The people will goto the bank and cash those larger notes

    6:44 AM [scooter] And open a checking and savings account

    6:44 AM [scooter] For the first time for many

    6:44 AM [scooter] REALLY

    6:45 AM [scooter] Remember -- many of these people have been stockpiling their savings in their mattresses

    6:45 AM [scooter] Nevertheless ---- the zeros will slowly be replaced and the central bank and government will deploy their new cpi

    6:45 AM [scooter] Consumer price index

    6:46 AM [scooter] Based on the smaller denoms that will be distributed via those brand new cash machines at those banks

    6:46 AM [scooter] This process will take a year

    6:47 AM [scooter] And the amount will move from the 25 trillion just mentioned to the 15 billion which is the target

    6:47 AM [scooter] All the notes that we have will be honored as long as iraq has a currency

    6:47 AM [scooter] It will be similar to the usd $1,000 bill

    6:47 AM [scooter] They don't distribute the $1,000 USD BILL

    6:48 AM [scooter] But the banks will certainly honor them if you want to cash it

    6:48 AM [scooter] So the deleting of the zeros is simply a process whereby the rv is the cadalyst to start the removal of the larger notes

    6:49 AM [scooter] Ok -- i'm done --- scooter diatribe complete

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