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RealisticLassie
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Posts posted by RealisticLassie
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My reference to trillions related to the cost of the war in Iraq, not the cost of the dinars. BIG PICTURE My guess is that they spent much less than the $3+ billion on this rumored holding of 3.7 trillion dinars. I was just using this as a basis for showing how little profit the Treasury will make in the event of a LOP. I don't know for certain that the Treasury owns any dinars, but as I tried to show, the ONLY way our government will be able to pay down the debt will be if they do, in fact, possess Iraqi dinars, and there is a straight-up RV. The LOP doesn't help anybody, especially the Iraqis!!!
I see, sorry for the mix up. That would be nice though, to find some sort of proof that the U.S. is holding dinar, that would make everything much more exciting...lol
Have a nice day
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BRAVO 11Bravo!!!
I think it's fascinating that narrow minded judgemental angry human beings think their going to arrive at the pearly gates because they throw Gods name around and show up at church on Sundays. Humorous really!!!!
I can't wait for my -128 points...that will really teach me a lesson:-)
Wow...your post is really upsetting I must say. We as Christians don't believe we will be going to heaven just by saying God's name and going to church, there is MUCH, MUCH more to it than just that. I don't think i'll be replying to anymore of these ridiculous bashing posts about religion and beliefs as I am sad to say that there are too many people out there that just won't, or do not want to understand or listen what we are explaining. They will see the truth one day, that God, Jesus Christ is real, then they will REALLY wish they listened.
In response to the original post, i'm sorry this posting started to gear towards another topic, but I would like to thank you for your post and i'm keeping my fingers crossed for whichever day this will be happening, whether is tuesday, or next week, next month, next year, etc. Thanks again!
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While I'm not religious, either, I grew up extremely Christian, and I'm not uncomfortable around it. But your post is absolutely fair and accurate. On these boards, everybody should be entitled to their opinions and not be told to "keep quiet" by anybody. I took away one of your minuses and hope to see you end up back at least to zero, because you're right.
What are you people not understanding? I was getting upset at the fact that Bravo was PURPOSELY trying to anger others by his comments about God and that's wrong, not right as you are trying to point out. If you want to ridicule God then yes, you do need to KEEP QUIET. You don't see me downgrading any other religious belief do you? He isn't voicing his opinion on his own religious belief, he is just putting down the beliefs of those who follow God, there is a BIG difference! He has the right to voice his own religious beliefs if he had any, but he doesn't so he doesn't even have the right to say what he said, it's rude. By the way, it seems to me that every person who has defended Bravo, don't have any belief at all, so you obviously wouldn't know what it feels like for someone to say such things about your religion and God, it's all about respect people. So sorry, but you're wrong and so are they.
You have yourself a great day and GOD BLESS!
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Im sorry, but last I heard this was a DINAR FORUM ... This means we discuss issues involving the DINAR. If you wanna talk about god, go to church. If you wanna talk politics, join your local polital party and talk about that all you want. freedom of speech is a 2-way street, what gives you or anyone else the right to slam others for their views. once again, THIS IS A DINAR FORUM, NOT A CHURCH OR POLITICAL RALLY!!!!!
I'm sorry, but where did all the respect go? If you want to keep the postings peaceful and pleasant, don't downgrade God. There is a difference between just thanking the Lord and what not and just flat out purposely trying to cause trouble. And by saying what he said, he was definitley trying to stir up trouble because he knows that many, many Christians are a part of this site. So leave the religion bashing to yourself! By the way, I have every right to stand up for God whether it's on this site, in church, while talking politics, etc. As you stated "freedom of speech is a 2-way street" so who are to to tell me what about and where I can speak? Obviously since Bravo and probably you don't believe in God (I say probably you too because if you did believe in him and followed him then you would stand up for him as well) you guys obviously don't feel the need to ever stand up for him, but I do and I will where ever and when ever I please!
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If they raise to a certain level like you said 5 or 10 cents first, and then afterwards lop in a certain amount of time, I will take my dinar with pleasure and cash in at 10 cents and be happy as s*%t!!!
Never thought of that before, but of course never heard anything mentioned of the sort either!!! I hope we could only be so lucky to get a rate change first, then a lop if thats their plan!That would be nice, but what would their reasoning be for doing it that way? Can anyone think of a legitimate reason to back this scenerio up?
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You stated "Do you lopsters really think that they spent trillions of dollars to reap a $9.546 billion profit on this investment?" The U.S. would have actually only spent $3,166,432,472 at let's just say a 1:1 ratio for 3.7 trillion DINARS, that's billions not trillions. No one has ever even had or found any proof that the UST is actually holding 3.7 trillion dinars by the way, so that's not a really good reason to use in order to prove the facts stated in this article as being wrong.
scratch that "at let's just say a 1:1 ratio " I didn't mean to put that part of the sentence in there.
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OK, this article can certainly be construed to indicate the dreaded LOP. So let's look at the BIG PICTURE and see how much money, in theory, the US Government would make in the event of a LOP. From my understanding, the US Treasury owns 3.7 trillion Iraqi Dinars. Right now, those Dinars are worth $3.182 billion (3.7 trillion x $.00086/dinar). So for the sake of this argument, that's what the Treasury's has "invested" in dinars. In the event of the LOP, those 3.7 trillion dinars will become 3.7 billion dinars, and of course, this change will be accompanied by a concurrent change in the FMV of the dinar from $.00086 to $.86. As a result of these two changes effected by the LOP, the FMV of the US Government's investment in Dinars is unchanged and still at $3.182 billion.
Now, the lopsters are saying that the value of the dinar, after the LOP (which is akin to a reverse split) will increase upward over $3.00 and that we will get a very nice 300% return on our investment and that we should be happy with such a great return. This is based on the post-lop FMV of the dinar increasing from $.86 to $3.44
OK, let's look at it from the Government's standpoint. Are they gonna be happy with a 300% return on their $3.182 investment. Let's see that a whopping profit for the US Treasury of $9.546 billion ($3.182 billion x 300%). Do you lopsters really think that they spent trillions of dollars to reap a $9.546 billion profit on this investment?
Granted, the US Treasury will be buying oil chaep from Iraq, so we also need to look at that. From what I've read, the US will be buying oil from Iraq for $32/barrel. Let's assume the US can sell that oil for $96/barrel (a nice 200% profit). Iraq is currently producing under 3 million barrels per day, but that number will be increasing. So let me use some number like 4 million barrels per day. Let's also assume for sake of argument that the US will buy every one of the 4 million barrels of oil Iraq produces.
In the first year, the US will make a profit from selling this oil of $93.44 billion dollars, i.e. 4,000,000 bpd x 365days/year x $64 profit/barrel, Really? That's all? How in blazes is rpughly $103 billion ($9.546 + $93.44) gonna pay down the national debt? That doesn't even come close to paying the interest on the debt. And this based on two assumptions that certainly overstate the numbers that will be yielded in reality.
NOW......If we talk about and straight RV to say $2.00 (which is significantly lower that the $3.44 in the lopster's 300%-ROI-be-happy-with-that scenario). The value of then Dinars held by the US Treasury will increase from $3.182 billion to $7.4 trillion. This is the only way the national debt gets paid down, because the profits from the sale of the Iraqi oil would be exactly the same (albeit admittedly overstated), as those profits would still be limited by the amount of oil that Iraq can produce.
You stated "Do you lopsters really think that they spent trillions of dollars to reap a $9.546 billion profit on this investment?" The U.S. would have actually only spent $3,166,432,472 at let's just say a 1:1 ratio for 3.7 trillion DINARS, that's billions not trillions. No one has ever even had or found any proof that the UST is actually holding 3.7 trillion dinars by the way, so that's not a really good reason to use in order to prove the facts stated in this article as being wrong.
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Oh my goodness, you just made me laugh. Thanks I needed that!
Glad I could help lighten up your day a bit
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You guys are funny. This Brian Guy knows nothing. All other redonom had multiple currencies and high inflation. He said no other currency has revalued like this. He needs to look at Kuwait and recently astonia who went from lower than Iraq to the eruo and that was this year what gets me is people. Believe dumbasses like okie and all these other idiots And it hasn't happened yet so they negative. I wish idiots would stop all the blog calls and stupidity. And the week--minded should stop listening to these dumbasses. No disrespect. Sorry for grammar I am on my phone
Actually, Brian had an answer to each and every question that was asked and had factual information to back up his reasoning. He obviously was not a follower of Okie or any other "guru" he is a very intelligent individual who really seems to know his stuff. How can you possibly read this article and still have the guts to say he "knows nothing", what you said was extremely disrespectful, so it's not fair to say "No disrespect". You can't use Kuwait as an example because Iraq and Kuwait's situations were COMPLETELY DIFFERENT. The Estonian kroon was nowhere near in the same shape as Iraq and it only revalued by 0.001%, it's not really comparable either. Since it was pegged to the Euro, it doesn't make any use of the 15% fluctuation band. I don't know much about the Kroon, but if someone has more in depth knowledge about it, I would appreciate it if you could elaborate on it. Not all redenominations have multiple currencies at one time, Venezuela, Romania, and Bulgaria just to name a few. All currencies were redominated to replace their previous currencies. I'm going to do more research on inflation rates for the countries that did redenominate to see if each of them had high inflation rates, just to make sure that part is true. I hope this same thing doesn't happen to Iraq and i'm not saying it will happen because nobody knows the real answer to that, but the way Brian explains it makes more sense than anything else.
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A LOP for the Iraqi people. A LOP & RV for the rest of us. ID 25K becomes ID 25. For the rest of us ID 3.3 to the Dollar.
That doesn't really make sense. It would make more sense (which still doesn't make much sense) is to redenominate the current currency and then revalue the NEW currency for the iraqi citizens, then just revalue our banknotes without a LOP. I mean that's really the only way we would profit without dropping the zeros first. Lopping and Revaluing our banknotes would be the same thing as dropping the zeros and then revaluing them, which wouldn't make much sense because it would be doing the same thing to our banknotes as it would to the iraqi citizen's banknotes, no difference whatsoever.
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I can appreciate what you're saying RealisticLassie but when people say that buyers got carried away, go look at dinar selling sites. It isn't sold as buy the value of the paper (note)...its how many dinars. When people buy 25,000 dinars....if for what ever reason they have to exchange they want
at least what they paid for 25,000 dinars. Now professional currency traders may understand and gamble on a RD/ rebase but the profit breakdown on selling sites reflect the profits in the total # of dinars purchased not the number/value of notes at the time of purchase.
I'm not saying you're right or wrong
but if it goes down this way, is common practice.. it doesn't bode well for dealer intentions nor look good for Iraq especially to Americans who have and continue to invest in Iraq. Should Raise alot of skepticism if this stradegy is Iraqs preferred method investments are to be solicited. Our government and Iraq have known about dinar sales to the common folk...all along.Wishwell11
That is true when you said "When people buy 25,000 dinars....if for what ever reason they have to exchange they want
at least what they paid for 25,000 dinars." At the same time, we probably won't get the same amount back as what we paid for those 25,000 dinars since we bought it from a dealer who charged us a heck of a lot more than what we would have paid if we literally went to Iraq and bought them right there. If i'm understanding you correctly, (please correct me if I am not) you're saying that the CBI will pay us back for the amount of money we actually paid for the dinars, not for how much we would have paid if we got the rate straight from Iraq. They would only pay us the amount it cost us if we bought them straight out Iraq and not from a dealer. Please correct me if I am understanding you wrong.
Thanks for your input as well!
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haha youre 99% right??? lol well just so happens i taked with someone and they are indeed Lopping IN country!!!!!!!! our bills will still be deemed to cash in with legal tender and yes i said it with the 3 zeroes the Iraqi citizens will not due to internal issues. Also the lower denoms will be released hope that clears it up andyou hve a good day. how many times have they said in those articles LOCAL currency.
I sure hope you're right! One thing i'm worried about is, what if they only apply the new rate to the new currency and not our current banknotes? I say this because this is what has happened with every other currency that revalued after they redominated their currency. I would love an answer to this question because it has crossed my mind quite a bit.
Thanks for your input
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>>Some people thought the RV would happen on the existing IQD notes, which would make everyone millionaires. It was this original Re-denomination/new currency story that got bent out of shape and everyone jumped on the bandwagon and ran with it.>>>
Sounds right for the RD info I've read...But....
For many who purchased through dealers, the advertising was to purchase a certain amount dinars, each being a share. You elect how many dinars to purchase by the only notes that were offered which were all being zero notes. Then my screen shots reflect the potential profit based on rv amount. And each screen shot taken reflects no redeomination or currency updates under consideration until . The CBI doc also says if notes are ever recalled, they would exchange for the same "amount" like a dozen old brownies for a dozen new brownies 12=12 not a rebased amount. If this was always the long term plan, and strategically solicited to the average person and tolerated....if people ran with it..just who brought out the wagon and hitched the horses inviting an opportunity for the ride, then continue to stop and serve kool-aid at the watering troughs along the way?
Wishwell11
GO Something
When the CBI said they will exchange for the same "amount", this is what they mean...if you have a 25,000 note, after they drop the zeros, they will exchange that note for a new 25 note. Both notes will be worth the same amount, that's always how it has worked. Once a redenomination occurs, the citizens of that country will have a certain amount of time to exchange their larger denominations for the smaller denominations, but both currencies will be worth the same.
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Yes, that's correct, I just joined today. And usually that's what people do when they join - they make a post. And I posted here because this is the place where you post your opinion on something. Glad you found my post interesting!
I appreciate the fact that you are not afraid to express your true opinion on this investment. You're correct, people join so they can post and take part in the conversations, which is why you posted. I for one did find your post interesting and I agree with what you stated!
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Yeah no loss is a good thing, but there are some people out there (good people) that have invested everything in this to improve not only their lives but others as well (hence the good comment).
I personally think that it will not happen this way. Let's all hope for the best.
That is something that makes this investment such a hard thing, there are TONS of great people out there who are relying on this investment just to get by and as you stated "improve not only their lives but others as well". I still hope that it does not go down the way this poster is explaining it, but it is very possible that it COULD. I can't stand the fact that so many people's hopes and dreams could be shattered because of this. Yet again, all their hopes and dreams could be fulfilled if this thing plays out in our favor! Let's only hope for the best, but at the same time, be aware of the worst and prepare for the worst, just incase!
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After studying and investigating all the "intel" and news reports, I want to tell you all what I think will happen.
If you only listen to the "gurus" and feed off their "good news" high, then you're getting a skewed picture. You have to do your own investigating and research and do your own common sense thinking.
First, there will be a Re-denomination, and the new lower denomination IQD currency will be issued. This being done with the intention of replacing the current high denomination currency. The reason for Iraq to do this is two-fold:
1) So that the people of Iraq don't have to deal with the ridiculously high denomination notes available now, and
2) To provide a convenient base set-up for the eventual Revaluation to bring the Iraqi Dinar back on par with the US dollar, and hopefully higher.
For example, today in Iraq, a loaf of bread costs about 1,000 Iraqi Dinar. When the new currency is issued, that same loaf of bread will cost 1 new Iraqi Dinar. The new 1 dinar note will become as popular as our own 1 dollar bill. So, it's simple. The loaf of bread will retain it's exact same value - it will cost 1,000 OLD dinar -OR- 1 NEW dinar.
Now, this two currency situation won't last forever. Iraq will declare that we will have X amount of months to exchange our old high denomination dinar notes for the new lower denomination dinar notes. Just like it happened with the Euro, you had to exchange your old currency for the new Euro. There was a certain time period to do the exchange in. After that, the old currency was no longer valid for purchasing goods and services.
So, you see, the value of the loaf of bread or whatever the "thing" is, will remain the same. It has to go like that or the whole thing doesn't work. There will simply be two different mediums of currency for a short time. It's sort of like saying if a loaf of bread cost $1.00, you can pay for it with 100 pennies or a 1-dollar bill. Two different mediums of payment, but same value.
Now, the good news is that there will be an RV. BUT, it can only happen AFTER the Re-denomination and the new currency comes out. So, if the RV comes in at 3.25, for example, that's $3.25 against the new currency, not the old currency.
See, that's been the whole confusion for years. Some people thought the RV would happen on the existing IQD notes, which would make everyone millionaires. It was this original Re-denomination/new currency story that got bent out of shape and everyone jumped on the bandwagon and ran with it. The story got contorted into a get-rich-quick deal. Who could pass up the appeal of possibly making millions on a thousand dollar investment? It created the whole IQD frenzy that we've seen over the last year.
So, it's just been a mis-interpretation all along.
Yes, there will be an RV, BUT only AFTER the Re-denomination occurs and only re-valued against the new currency, not the old currency. You will have to exchange your current high denomination notes for the new lower denomination notes. Then, sometime later, the RV will happen at a rate somewhere between 3.25 to 5.25.
So, using the 3.25 rate, for example, 1,000 new IQD will be worth 3,250 US dollars. Not the millions we were all hoping for if you were basing the RV on the old high denomination notes. Bummer, but at least we're getting a small profit out of it. And of course, it's better than taking a loss.
The only question is when. One thing for sure is, when the new currency comes out, it will probably be best to exchange your old IQD for the new IQD as soon as possible. So then you'll be ready for the RV.
No big deal right? We've waited for years already. So what's a few more months? (years?)
Bottom Line... Look for the Re-denomination and the new currency to happen first, and then the RV later on. I think that scenario makes much more sense. Don't you? You heard it here first!
This was my exact theory, as well as many others. This sounds a lot like the conversation I had with someone on Radio Free Europe Radio Liberty. He (Brian) was able to clarify things and back up everything he stated with REAL FACTS! I was very impressed and this sounds exactly like what COULD possibly happen. It's better than not making anything at all right? People will give you negatives and deny what you are stating only because it's not what they want to hear, but they have to come to the realization one day that this is probably what will happen.
Thanks for your post
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Fair is fair. Not being religious myself, I don't care for all the constant religious posts. Do you people keep it to yourself, NO. He has a right to his opinion as well. You bash anyone that makes any comment that is not your belief. Talk about hypocrites.
Are you kidding me? There is no need for him to basically talk bad about God on almost every post I have read from him so far. There's a difference between just stating your religion, beliefs, etc. and just flat out trying to anger others with your unnecessary remarks about God. All i'm asking is if he would please be respectful and leave the unnecessary comments about God to himself, because it would be wrong to do otherwise.
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Another drake 1/2 inch beard turkey, or spike buck makes a statement...you can't play in the mans' game? Go home to your mamma!
What in the world are you on?
More trees 2/4 stems of couch, and leave a bean bag char on your way out the hizzle...don't hate the playa hate your carpeting!
Wait a minute, what the heck did I just say?
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Was it God!
Must people here seem to want to give him credit.
If so can you tell me which one.
Neptune, Hadies, Budda, Or the half cat half man Egyptian one.
I just need to know which band wagon to jump on.
OH it was Okie Right
What is wrong with you? You really need to GROW UP. When you talk down about God in such a way, you are really offending others (including myself) so please keep it to yourself.
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Not unless they are wanting to start a war with the rest of the country's some who have forgiven war debts.
I for one not even consider this possible.
Though very true they don't think & address issues the in which the way we do here.
which is not saying much in the way things going in Washington DC right now but still comon sense would rule out this possiblity.
They are out to build their counrty's system which means playing nice with all others.
This is what many people are confused about, a war would not be started between Iraq and the countries who have forgiven Iraq's debt just because Iraq may not revalue their currency. My reasoning to back this up is, it COULD, not necessarily is, but it COULD be possible that Iraq and the countries who have forgiven Iraq's debt worked out some sort of "oil contract agreement". For an example, Iraq and the United States may have worked out a deal such as, if the U.S. forgives Iraq of its debt owed to them, then Iraq will in turn sell the United States oil at a huge discounted rate. Oil is a big deal for any country, if the U.S. starts to get oil at a very cheap price, gas prices will go down quite a bit and stay steady. This would also result in saving the U.S. tons and tons of money since we currently spend so much money in oil. The U.S. would have extra money to spend on the things our country NEEDS to get back on track. There are many other great explanations as to why the U.S. forgave Iraq's debt. This was a quote from a news article that was dated back in 2004 when the U.S. forgave Iraq of its debt owed explaining why they forgave the debt..."In exchange, Iraq will surrender its economic sovereignty to global financial institutions, provide foreign investors greater access to Iraqi natural resources, and increase investment opportunities for multinational corporations".
Here is the news article... http://newstandardnews.net/content/index.cfm/items/1340
I'm hoping this is all just a cover up and Iraq really will revalue their currency, which could also be a way of re-paying its debt that is owed. NOBODY (or very, very few people) knows the real answer right now, we will all just have to wait and see what happens.
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CORRECT
AS A MATTER OF FACT I DONT BELIEVE THERE IS A GOD AT ALL
REMEMBER WHAT GEORGE CARLIN SAID
SYMBOLS ARE FOR THE SYMBOL MINDED
BE REALISTIC LASSIE
Then why in the world would you say "If this goes down in the next 24-48 hours as proclaimed, GOD BLESS US ALL!" if you don't believe in God? You make no sense. By the way George Carlin is so wrong and so are YOU.
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If this goes down in the next 24-48 hours as proclaimed, GOD BLESS US ALL! If it doesn’t, do not get discouraged.
Fair enough.
If it RV's in the next 24-48 hours I will agree that god has blessed us all.
If it doesnt would you agree god does not give a fluck.
And thus we shall piss on his book
That's a horrible thing to say! It's is not God's job to bless you with a million bucks! Way to be so ignorant.
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I don't get it. It is a RUMOR. Why would anyone bash it?
Whoa there! What kind of fairy tales are you telling?
A country cannot have TWO different currencies with TWO different exchange rates. And belong to the IMF. Iraq will not be trading on the world stage if this were true. Which it is not. To say something this bizarre is just foolishness! One of the rules of the IMF is that their currency must have some parity with the currencies of the surrounding countries. Kuwait, for instance is nearly 4 u.s. dollars to one Kuwaiti Dinar. The other thing you probably did not know is that Iraq's currency was ARTIFICIALLY decreased after the war started to keep people from being able to easily escape across the borders. AND to keep the Regime from being able to spend its money to keep itself in power. This imbalance is now strangling Iraq. And don't ask me to give you chapter and verse. Go do your own research if you don't believe me.
You couldn't be more WRONG. A country can most definitely have TWO different currencies and TWO different rates and belong to the IMF. Take a look at Turkey, in 2005 they dropped the 6 zeros off of their currency, introducing a new currency and then revalued ONLY the new currency while keeping both currencies in circulation for only one year and the belong to the IMF during this time too. Zimbabwe, Venezuela, and Romania are just a few of the many countries that dropped zeros off their currency, while keeping two different currencies in circulation with AND whom were all in the IMF. By the way something you may not know is, Iraq will or may revalue their currency, but they COULD only revalue their NEW currency, not our current banknotes, at a rate near or matching Kuwait's rate. It seems to me is you are only listening to what other people are telling you and you aren't actually doing your OWN research on this stuff, which you should be doing yourself.
I think you need to RESEACH your research! By the way, don't ask me to give you chapter and verse, GO DO YOUR OWN RESEARCH IF YOU DON'T BELIEVE ME...THANK YOU!
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Hi, thanks for your post! According to whoever wrote this email, they believe that once the zeros get dropped from the current Iraqi dinar currency then they will have to carry around a ton of dinars just to pay for the things they need. This is actually false, if Iraq decides to drop the zeros before they revalue both the larger and smaller denominations will be legal tender allowing for the iraqi citizens to use whichever currency they choose to pay for with until either the larger denominations become worthless, or they all get taken out of circulation (gradually). Some people are confused as to how the iraqi citizens will be able to pay for their stuff without having to carry around a ton of dinar. This is really simple, each item will have two different price tags, one for how much you would need to pay if you had a larger denomination, and another price for how much would you need to pay if you had the new smaller denominations. Basically, they will just adjust the price of each item to match its currency. It would be confusing for a while until the iraqi citizens can get used to the whole switch, but it has happened with other currencies that have dropped their zeros, so it can most definitly happen with this one. If Iraq's economy ends up improving and stabilizing, then so will the dinar which could result in a revaluation of the NEW iraqi currency, not the banknotes we all currently hold. Our banknotes and the new banknotes will not have the same exchange rate, they will have different exchange rates since they will be considered seperate currencies.
Unfortunately, if Iraq does not revalue before they drop the zeros, or if they decide to only revalue the new currency and not our banknotes, then our dinars will be worthless since the new exchange rate (if they revalue) would only be applied to the new currency. So let's hope they don't do that and we should be just fine!
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It's DONE...Rate is known!
in Dinar Rumors
Posted · Edited by RealisticLassie
We also believe that only the true believers will be entering his kingdom. As for everyone else, well you know the rest. A non-believer cannot enter heaven, the bible is VERY clear on this as well.