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Dinariana

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  1. No. The whole thing smells too much. I'm keeping what I have, but no more buying.
  2. You were supposed to tell us why. What are your thoughts?
  3. Wow. Just wow. The economy may go to hell; there may be the elite for a while. But I do not think the world will stand for it. I know this: I will never be a serf for anybody. They will have to kill me. Also, do you think Islam will submit to this peacefully? I don't think so! And, I believe Americans will fight to the end.
  4. AlI have to say is that this scenario that Adam presents occurred to me a couple months or so ago, and I wrote it out to my dinar friend and put it here on this site twice, and got no response. It's the only way I can see them affording an RV, and it's the only reasonably decent answer to the lopsters and naysayers who in general have the most logical arguments.
  5. There sure is a lot of talk about faith and belief. Is this some kind of religion? Why are those who believe so offended by those who doubt? If you're so sure, why aren't you more secure?
  6. Hi Brisco-- This I was not able to follow. Perhaps you could elaborate. It sounds like a LOP to me.
  7. I do understand that he is talking about capital gains taxes. That is why Buffet said he pays less taxes than his secretary. A lot/most of his income comes from his stock investments - capital gains. You say capital gains are money invested that has already been taxed. Perhaps so, but it seems to me that the same money gets taxed over and over again anyway. Well, the issue of our entire corrupt system is a slightly different topic, and someone here posted a recommended documentary called The Secret of Oz which I thought was very good and clear. So all money is issued as a debt. But the claim that 100% of our taxes goes to the debt and none to services - where is the money coming from, that DOES pay for these services?
  8. In general I think that Buffet is absolutely right that he should not be paying 15% on his huge income. Why that is against the grain with some folks here I cannot fathom. Why are poor and struggling Americans taking up the cause of the rich? The problem for people like us is that we are not rich, and this RV, if it ever happens, will be a one time event. The reason I don't think that this 1.5 trillion in new taxes refers to the RV is that there is ALREADY enough people invested in long term capitals gains of various sorts who would be paying more, people such as Buffet and all the others. That could easily account for the extra tax money. Also, you didn't take into account the first 15% that we would all be paying if we have held our dinar for more than one year - that is also new money because the RV does not happen every year.
  9. What does the AM stand for? I can see where using the Iraqi currency is cumbersome because of the need for so much of it to pay for anything. But at 10 cents, it has 20 times more value and begins to be more comfortable to use. I've been to Ukraine, where the grivna is worth about 20 cents. We used both currencies freely. It does not matter that the dollar is stronger, the prices are equivalent. If it costs 40 cents, it will be 2 grivna. It's not like the dollar buys more...I'm sure the prices are adjusted fairly equally.
  10. Well, we're definitely being scammed by the pumpers, because they are obviously liars and promote unrealistic rates. Sure, it's a valid currency and in that sense it is not a scam. And, I do think it's true that it has to go up, at least a bit. There isn't anything to do about it. Just wait and watch.
  11. If you are only considering US dollars then it doesn't really matter what the IQD is worth. But I think we should assume that if they have a significant RV, they will be paid in dinars. But back to your question, if their salary is based only on dollars and they reduce it 80%, and the IQD becomes worth about 20X more at .10 than it was yesterday...how is that bad? And in what way would it matter if they RVd at 3 dollars if their salary has no relation to the IQD? If they are paid 20,000 dollars a year, then the IQD RVs at (x amount) their salary is still worth - 20,000 dollars a year. Where I think you are confused is whether their salary is or is not coupled to the value of the dinar. If they are reducing their salaries before an RV, it only really makes any sense it they are being paid in dinar. They are government officials. Are they really not paid in dinar? By the way, PTR are about as reliable as Okie, and in fact I think they work together.
  12. The only way I can see any significant RV happening is if they come in low, and increase in steps, with each step being funded by subsequent waves of new buyers. Otherwise, I don't see how it can be paid for.
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