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wealthhound

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Everything posted by wealthhound

  1. Beautifully written! Believing to meet sometime in the near future! Holiday Blessings! WH
  2. Would you believe Rodney Dangerfield went to my high school on Long Island! He was older than I . None the less, we went there! He was hilarious 🤣 WH
  3. I miss Mr. Limbaugh! What a true patriot. I learned much from him! Thanks for posting rw! WH
  4. Yes Mr. Snarky ( love this word) Will be sorry!! There's nowhere else to be than DV!! WH
  5. Heartfelt thanks Adam, enjoy the glorious day and of course, the pancakes!
  6. Omg, good info because I'm planning to move to the Phoenix area from Florida in the next 30 days or so!;
  7. Always thankful for you and your team! Thanks for dropping in, believing that things will necessitate you being back quickly!! I almost said that 4 letter word s***, happy I caught myself!
  8. “Deleting zeros” .. a government talk about two conditions for implementing the project Economie 2021-06-20 | 12:10 6,682 views Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set two conditions for deleting 3 zeros from the currency, while stressing that the option to delete is on the table to reform the cash payments system in Iraq. Saleh said in an interview reported by the Iraqi News Agency, "The Central Bank of Iraq has developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened with the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study long ago, after Examining about 54 international experiments since the end of World War II until the second decade of the twenty-first century, which took place in various countries of the world in which the monetary payment systems were reformed and made to work more efficiently, the last of which was the Islamic Republic of Iran and before that, Turkey. He added that "the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unruly waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to financing the deficit of government budgets through cash issuance." . And because the price means the value of goods and services expressed in cash, the continuous rise in prices without stopping leads to the erosion of the value of the monetary unit, which requires the issuance of larger monetary categories due to the lack of value of the smaller monetary groups and the disappearance of their ability to cover transactions and exchanges of high monetary value in the market. He continued, "Accordingly, the monetary value of things or tangible assets and others inflates, and when inflation ends, according to which prices have increased to three decimal places, or more or less, according to the nature of each economy, countries resort to reducing the artificial reproduction in numbers, especially in the numbers of accounts books, budgets and various numbers of tools Accountability, after two conditions are met. Saleh explained that "the first condition is price stability and global economic growth, and the second is appropriate stability in political life, so the importance of deleting zeros from the currency and slimming currency units as a necessary condition for reducing accounting numbers and facilitating arithmetic use and the cost of managing new large numbers and the absence of small numbers and fractions," he stressed. It is noted that the slimming of the coins comes because of their role in sustaining the calculation of huge numbers of financial values, which are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially dealing in trillions, which means that one number in front of it has 12 decimal places. » Join the "Alsumaria channel" on YouTube now, click here +A -A Here ya go
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