Dalite

Link Please Link Please Looks like Condescending has been redenominated into fewer letters (fill in the blank). Roger that, and pass the bisquits. This is a lot of gravy to sop up...

Sometime, when we aren't under the scrutiny of censorship, remind me to tell you how a 14 year old Pakistani girl explained that term to me in 1968. I had always thought it was one of the newer Periodic Elements prior to that revelation . When the old timer gave up on how to tell the long haired boys from girls, out of desperation he asked which ones had a menstral cycle. One replied " it must be him, I ride a Honda". ( my Grandmother dropped that one on me some years later ). You're right, it is a hot topic.

None of us can actually say we really know one way or another. Like you, I still see promise. In the big picture; even if they ReDenominate, there is little doubt that the currency will increase in value, and importance. As long as they keep some semblance of a Democracy in a region of turmoil that is also considering Democracy, they will be seen as an anchor by the rest of the world. I would still like to have my cake, and eat it before it turns stale, but can only learn to accept the chance that, while I can have my cake, it may be a while before I can eat it. In the mean time, we all learn to blow out the candles ( over and over like ground hog day ) waiting for that day to arrive. Also, your earlier comment led me to edit my post, as I had not paid attention to the last paragraph of the article that really made the concept as clear as mud. It's all good; have another cup of Joe - I need one 2.

This journalist decided to hedge his bets and use all three in one sentence, describing the same thing.

Deleting Zeros has become an accepted way of describing Redenomination. Lifting, raising, bubblegum, watermelon and babysit are some of the many translations that the online robots add to the mix? The process of redenomination (deleting zeros) applies equally to all denominations; and only in pumperland does it refer to removing the larger bills from the street. There is really no reason for the Pumpers and gurus to lie to their followers. Redenomination continues to fight a stiff uphill battle with the GOI, and many of it's discount house purchased financial Experts (drips that didn't survive). But, even the " observers" still think that the GOI is going this, and the "economists" mentioned in the article are unsure about the procedure. It does not become a reality, until it becomes a reality. There is no need, other than to generate more profit from dinar sales, for the Pumpers and gurus to try to make it into something it's not. It is not over, 'till it's over.

Trust me, I am all for them expanding their production and industry. If the PDI program was implemented from the start, and parts orders from Yugoslavia could arrive quick enough to not force buybacks under the Lemon Law, the Yugo may have seen a different outcome. FWIW, the port also processed Hyundai cars. If you parked 50 Yugos next to 50 Hyundais for a month, when time came to move them, 49 Yugos could start and drive off; while 25 Hyundais would have locked up brakes and need pressure bled off to free the wheels. Over 25 Beemers with standard transmissions using hydraulic clutches would have to be started in 3rd Gear ( sans clutch) in order for the clutch to unlock. 50 Beemer 7 series would not do anything, unless their batteries were rotated with freshly charged ones every 2 weeks. 100 % of the Saabs would need new spark plugs if the driver touched the gas pedal before or while starting them cold. The Yugos, parked less than a foot bumper to bumper could be made to physically jump out of the line-up by applying the parking brake, turning the steering wheel all the way in either direction, approach redline and pop the clutch. They would execute a perfect exit without touching the bumper of the car ahead of or behind them. I hope they send in port reps that have this kind of knowledge. It would go a long way toward a successful future. All of this was done to decrease import tarriffs. If the vehicles were accessorized in the US, they gained the " assembled in the USA" discount.

As long as the dinar is pegged to the dollar, it is not economically probable for it to out-perform gold. The price of gold represents the buying power of the currency that it is measured against. The only way for the currency to gain against gold is for it to become stronger, more limited in circulation, or a higher value. A higher value destroys the country's export capabilities - in Iraq's case, oil is purchased in dollars. If the Dinar goes up, the amount of dollars it is equal to goes up, and it takes more dollars to purchase oil. When the dollar has less purchasing power, the countries that are pegged to it lose value relative to the price of gold, as it takes more of their currency to purchase an ounce. But they have the advantage of lower export prices, which makes their goods more desirable. If your Bling cost a dollar, and my Bling cost two dollars, and they both came from the same source, who do you think will become the King of Bling first? While not impossible, it is extremely unlikely that the IQD will ever out perform Gold; especially when 95% of Iraq's existence depends on Oil exports. If Iraq sells bonds that are tied to the Dinar, they will increase in value if the Dinar increases in value. When you add in interest; it will always place them at a higher value. Otherwise, there is no incentive to purchase them. It is interesting to see how this all works together. I believe this is why economics is sometimes referred to as " The Dismal Science" - too many effects from too little cause. If the Dinar unpegs from the dollar and hitches up to another currency, your argument may have merit. But that currency cannot be linked to the dollar. At this stage of the game, that tends to limit the chances. Again, not impossible, but highly improbable. Also, any attempt to pull on large (or small) dinar notes just puts more USD on the street, which the CBI has made very public is against their plan to lower dependence on the USD. They are currently discussing the sale of Gold Bullion to contract the money supply, but the CBI seems to be targeting USD; not Dinar. Their financials, available on the CBI website show that the amount of dinar in circulation ( large bills and small bills) is increasing; not decreasing. The Pumpers and Gurus can attempt to create an alternate reality to keep sales up, but they aren't too Sucessful in changing the laws of Mathematics. All they are able to do is try to profit from selling Dinar, and put their followers crossways with reality when the follower repeats what the Pumpers and Gurus have taught them. Never Say Never.

Looks like they are finally getting serious about exiting CH VII. When all else fails, break out the Bribe Account and start writing checks. If there had been any hurry for settling the requirements, this could have been done years ago. More over, if the effects had a negative impact on the citizens, these items could have mysteriously found their way to the officials who were trying to negotiate their way out of meeting their obligations.

My Financial Expert can beat up your Financial Expert... From an earlier article

From what I learned while working with Yugo of America at the port level, they better not "elect" their plant supervisors. When the supervisor's pay is vastly higher than the workers who elect him to that position, Quality Control becomes a very abstract concept. By the time the US figured this out and developed a very thorough Pre Delivery Inspection program, the court of public opinion had already decided against the Yugo. FWIW, the Yugo was a Fiat that had been in production for 15 years, and had all the bugs ironed out of it when Fiat sold the design and rights to Malcolm Bricklin and Company. I wish them the best in this endeavor, and the Iraqi workforce desperately needs the job opportunity. I just hope they don't run the assembly line like they run the GOI. I would hate to pay stateside prices for a car that steers with the rear wheels and uses a transmission with 6 reverse gears and 1 forward one.

The problem is that many are expecting Shabibi, through the CBI to do just that. And to make things worse, some have neglected their other responsibilities to purchase dinar for $25, and expect to be paid $25,000. And what makes things really, really bad is some of the same folks that are expecting the CBI to pay $25,000 for something worth $25 are agreeing that the whole concept is rather stupid. At some point, they are either going to have to fish, or cut bait. The OP made a very obvious situation ( to some) very obvious to many; and the response; although expected, has been very entertaining...

When Gold is selling for $5000, it will take $5000 to buy what an ounce of gold will purchase. In Caesars time, that would be a nice toga, hand tooled leather belt, leather Sandles. Today, a designer suit, leather belt and shoes, Custom shirt, and comfortable socks. The Ounce of Gold never looses purchasing power. We will always use the necessary amount currency, at it's current value, to purchase a tangible item that can be measured by volume and cost per volume unit. However, when a dinar is worth $.00086, and some hero is telling you it will change in value overnight to $1.00, it is difficult to find anyone wiling to pay that. It is a matter of faith. Who has the faith to pay today for something, what someone is promising you will be worth in the future; when it has no tangible worth, or backing? The offer to sell a 25k dinar note for $25k USD was just a friendly way of calling the Pumpers out; as the scum they are. However, if you believe the Pumpers, it would be hard to understand the original purpose of the post, as the concept of getting something for nothing doesn't adhere to a realistic thought process. Face it; we all let personal greed cloud our vision. The bright side is we all have renewable lottery tickets. We can scratch them every day, and still redeem them for market value when we get tired of waiting for them to hit. It is just a matter of patience, and perception.

Have your favorite Guru ask Shabibi, and get back to you on that one..

25,000 * 1.00 = $25,000.00 Dollar RV 25,000 * .10 = $2,500.00 Dime RV 25,000 * .05 = $1250.00. Nickel RV 25,000 * .01 = $250.00 Penny RV 25,000 * .005 = $125.00 1/2 Penny RV 25,000 * .0025 = $62.50 1/4 Penny RV 25,000 * 00125 = $31.25 1/8 Penny RV (Break Even on $1250.00 per million purchase) 25,000 * .001 = $25.00 RD @ 1000:1 25,000 * .00086 / = $21.50 Current Value At what point will the Gurus (or Whales) belly up to the bar and put their money where the rumors come from?

Unfortunately, many are making decisions based on what Breitling is saying, and believe everything from the CBI is " Smoke and Mirrors". When it is all over and done, they will know for sure what was or wasn't smoke and mirrors. Unfortunately, for some, that may be too late... I am wondering what the bag limit on Gurus is going to be. There is definately a Baited Field that attracts them.

Thanks for pointing these actual quotes out, against the "forum facts" they became. Unfortunately, the Pumpers were taught that "perception is reality" and have conditioned many to not trust what they are individually able to see over the altered Pumper reality that reinforces an empty promise. Also, anyone that points out the obvious is termed a "Reverse Pumper" and the pumper followers are taught to drive them from the flock; always requiring the question " Why are you here" as the initial shot fired. Social Engineering, in it's finest hour. We have learned that the difference between the time we may see something happen and the time we hear it from some distance is termed Doppler Shift, and it is a factor of the differences in speed of sound and speed of light. The Pumpers, true to form, have created their own Bastardization, "Dopler Shift" which assumes that the faster you say something either stupid or untrue, the more it resembles truth. These untruths, with aded velocity, become Forum Facts. If Pumpers redefined the theory of relatively, and Einstein showed up here; he would quickly be driven from the fold, after first being questioned as to why he is here. Social Engeneering; proving that reality is just a theory held by those that do not choose to follow...

I could be very wrong in my assessment, but i believe a crawling peg was in use while inflation was being reduced to single digits.. If you look at the historical data, it may be mere coincidence, but it moved back to a fixed peg as soon as inflation crossed under the 10% mark. All data published prior to that, concerning the NID referenced the rise from 4000:1 to 1170:1, as inflation was being decreased from over 50% to under. 10%. ( time period from 2003 to approx 2009) If inflation goes above 10%, history would indicate an eventual move back to the crawling peg category. The rate has hovered between 1166 and 1170 since inflation went below 10%. If this is crawling, the child will never learn to walk. While it was falling 10% per year ( on average), between 2004 and 2008, the child was hauling diaper. Just MHO, wrapped in economic data.

The pumper types enjoy selling misery. They are very good at profiting from the misfortunes of others. Real sterling characters.

It is a fairly straight forward concept. They quit searching the Internet for lies, and folks stop bashing them for searching the internet for lies. What is so hard to understand about something being supported by it's merits, rather than lies and deceit? I will agree that the last 5 or 6 thousand instances or a RV currently ongoing are a rather unagreeable substitute for truth. But then, some folks just like to suffer self-inflicted pain...

Baghdad is telling big oil and Kurdistan that if they don't behave, Baghdad will climb up on a stool and kick them in the kneecap. Do they really think the rest of the world is as backwards and hubristic as they are? These mental midgets will try to run all investors out of Iraq, if they don't ante up to the corruption mill before doing business. I have seen 8 year-olds with a better grap of reality than these heros. What a pathetic bunch of bass ackwards losers...

A Buck... yeah, that is about right for a can of WD40. It's oil, and it blows, and he has priced it accurately.

If they add 30t and don't increase the Foreign Reserves to back it, inflation will go well into double digits. This is reality, not a pumper playpen. They can't retire dinar from circulation without using something to redeem them.. All they have to do that with is the Foreign Reserves Neither the GOI or CBI is going to give up wealth. The GOI is already operating in deficit, and the CBI is responsible for economic policy. The GOI has no wealth to give up, and the CBI is obligated to back the exchange rate. When they remove circulation, the reminding currency gets stronger, and the foreign reserves shrink in proportion to what has been removed. You can't just magic 30t dinar from circulation without exchanging something of equal value. Neither are going to write off anything. The Paris Club has already milked that cow.

You are truly far too kind. He gives pond scum a good rep. Mentioning the daughters of a past president have very likely put him in the crosshairs of scrutiny by DHS. When the majority of his disciples realize what is going on, he will be lucky if DHS gets to him first. It is looking more and more like the ones who will profit the most are the lawyers that have been attracted to the stench of this genius and other gurus who have been playing fast and loose with lies and deceit .

Dinar removed from circulation are must be retired using foreign reserves. If all Iraqis gave away all of their dinar to the CBI for free, what you claim would have merit. True, it doesn't have to be backed when destroyed, but has to be purchased first - and currently the Foreign Reserves are the only vehicle the CBI has to do this. The reserves decrease with every dinar retired from circulation. If you removed 60 billion USD worth of Dinar, you would have 60 billion USD worth less in the Foreign Reserves. The proposed intro of coin that holds value gives the CBI a way to remove paper and keep reserves. How they go about doing it remains to be seen.

But, it was EO-12919 before that, and EO-12919 was a culmination of numerous EOs spanning multiple administrations. I am not a big Obama fan, and he is certainly stacking the deck in the Government's favor - but, the groundwork was laid years ago. The NDAA is what the fundamentalists have feared since before the Turner Diaries. If one really wants to see the advent and make-up of this kind of governance, I would recommend reading "Tragedy and Hope" by Carroll Quigley.