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Choppermike

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Everything posted by Choppermike

  1. If you are referring to a LOP, it will never happen. (Go read the "Flea and the "Elephant" analogy.) The phrase "lifting the 3 zeros" means calling in all the 3 zero denominations via the cash-in process. It does not infer removing the 3 zeros from the 1,000 5,000 10,000 or 25,000 notes. These notes will be pulled in and destroyed when the CBI decides to do so. Some will argue that the 3 zeros thing is tied to removing the 3 zeros from the left side of the current rate - .00085, hence making the new rate .85. I, for one, do not believe this will happen simply because it will not generate the required capital to sustain the Iraqi economy. OK economists or wanna be economists, fire away.
  2. I agree with pluMmet. First of all, if in fact the FBI had intervened, what person/family in their right mind would divulge this tidbit of info. I think he knows something and he is setting up the cash-out locations. If he's worried about his family's safety, why is the Santa Monica office staying open? This is definitely a hmmmmmmmmm moment.
  3. Roger will be managing the Salt Lake City cash-in site.
  4. Here's another analogy that might help those who are still scratching their head about the RV - Imagine that you are in a swimming pool and you have a beach ball. Most, if not all of us who have done this has attempted to hold the beach ball under water. Now how it relates to Iraq - The pressure that you are exerting on the ball to hold it under the water represents the DEBT that burdened Iraq. Now that Iraq has been forgiven that debt, hence the downward pressure on the ball is released, what happens to the ball? That's right. The ball doesn't just float to the top, it comes out of the water like a rocket. The ball in this analogy represents the fiscal health of Iraq. Which in other words, is its monetary system and all the components of it. This is why, I would suggest an RV that will shoot up rather quickly and then settle back to a more sustainable rate. Fire away economists. "Helping those who can't help themselves"
  5. The analogy could have not been better articulated! It, above all else, put things in perspective. You are right. The elephant would stampede if the so-called "LOP" happened. Great post!
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