GT5Junkie

First, if what you're saying is true about contracts, how have the 50 or so other lops occurred? Obviously countries lop, so obviously this isn't really an issue. Contracts will be stipulating the old(current) dinar, so they'll probably be able to be paid with the specified amount of old dinar, or with the same value of new dinar. Second, the issue you're raising, if it were a problem, would have the exact same problem with an RV. I have a contract that says I'll Pay 10 billion dinar (~10 million USD)for construction of a building. The dinar RVs 1 to 1. All of a sudden I'm on the hook for 10 billion USD worth of dinars instead of 10 million. In fact it's far more of a problem. With a lop, the CBI says 1NID = 1000 IQD. Where's the corollary in an RV? We know this isn't really an issue for a lop, because we know lops happen. A 100000% RV has never happened, so where is the precedent?

In a lop, the two currencies coexist. Iraq news says deleting the zeros = lop. Who says otherwise? Gurus and pumpers.

Huh? From your link: What do you think their inflation was when they were printing currency so fast that the dinar became worth 1/3000th of a dollar, in 1995? It sure wasn't 6%. You can't argue that Iraq hasn't experienced massive amounts of inflation. If they hadn't, there wouldn't be trillions of dinar in existence, and their exchange rate wouldn't be 1170 to 1.

Try again. Pretty sure BL quit posting here before I even registered. Edit: Yep. Her last post = June 23rd, I registered July 4th. Thank you for playing. P.S. seems like you're bashing.

BL is far from unbiased. All her interpretations have an extremely heavy RV slant/spin, and when she looks at an article that says: and continues to say that deleting the three zeros means nothing more than removing the triple zero notes from circulation in Iraq so that they can RV? That's more than just bias IMO. Turkey didn't pull the big bills from circulation and then RV. They lopped. Brazil didn't pull the big bills from circulation and then RV. They lopped. Many countries have not had huge RVs. Many countries have lopped. Please, explain to me how the above quote can indicate ANYTHING other than lop.

Link?

What's the 3.33 article they are referring to?

1. False. If they RD all denoms will be affected 2. True. Dropping/lifting/raising three zeros = RD = your 25k dinar note worth 21 dollars becomes a 25 note also worth 21 dollars (or 25 dollars if they RV 1:1 at the same time or afterwards). 3. Possible, although if that's the case I'm sure one of your friendly neighborhood dinar dealers may be happy to give you USD for a 40% spread.

Its a great deal for everyone except Iraq. Iraq gives away their precious, valuable oil, and in exchange gets their overinflated, undesirable currency.

Pumpers and gurus have been promising a huge RV for years. Nuff said? You only think the articles are unclear because of A. poor translation and B. every time an RD article comes out every guru and pumper tells everyone it doesn't mean RD, it means RV.

Maliki can say whatever he wants, but the notion of having the most powerful currency in the world when your country's GDP is around the 50th or 60th highest in the world (in 2010 they were 62nd) isn't very realistic. Maybe 20 or 30 years from now they'll be able to break into the top 20 or so, if they pump a whole lotta oil and develop some other industries that contribute meaningfully to their GDP. Pretty sure Hillarious never said that, also. I've heard the speech that I'm pretty sure is the one people talk about and what was said is that Iraq would surpass China in GROWTH in two years. Which isn't really a surprise, Iraqs GDP is/was in the toilet and just getting oil back to reasonable production levels will/has result(ed) in huge growth. So no surprise that they'd experience extremely rapid growth compared to a country like China which has a GDP of around 6 trillion. They're not going to be the richest country on the planet. To even beat 2nd place China, since Iraqs economy is almost entirely oil based, they'd have to pump about 60 billion barrels a year even at 100 USD a barrel. At that rate (which is impossible anyway, given current reserves and technology) they'd blow through their current oil reserves in less than 3 years. Here's the speech: http://articlesofinterest-kelley.blogspot.com/2011/06/video-Hillarious-clinton-promoting.html I think the reasons you're citing are popular pumper propaganda with little or no basis in actual fact.

Who's it going to be that holds it up this time? Obama? The illuminati? Aliens? The Rothschilds? Mysterious three later agencies? The Creeping Horror that Lurks Below? Place your bets, folks.

Libya has an M2 of about 50 billion. Iraqs is 60 trillion.

Because the CBI says so. You can hope theyre lying or are just terrible accountants all you want, but there isn't any evidence that they are.

What research have you done to indicate that 30 billion USD worth of dinar is insufficient? Saudi Arabia has an M0 (physical circulation in circulation) of 19.8 billion USD, and has a population of 25 or 26 million.

A lop doesn't devalue the currency at all. It is value neutral. In fact a lop is the only way the currency will ever become valuable, there's simply too much in circulation to get it up to 1-3 dollars any other way.

Lol, no.

I don't really understand why people like Breitling so much. It's the same guru stuff in a slightly different package. He says he's "only going off what the CBI has said." First of all, from what I've seen, it looks like the CBI is saying LOP. Second of all, even if you don't believe or ignore that, he says "they want to get it to equal a dollar." Well, guess what, 3 digit LOP and it's a real small RV to get it to a dollar. They can get it to a dollar either way. Saying that they want to increase the value of the dinar does not necessarily mean a huge RV, yet he says that it does like it's the only option. "The ministry of planning says the nominal value will be 1.17." That doesn't even make sense. Nominal does NOT mean exchange rate. It means face value. This isn't subject to debate, you can look up the definition. Saying that they want to have a nominal value of 1.17 would mean they actually want a bill that says it's worth 1.17 dinar. Not 1 dinar, not 5 dinar, not 2 dinar, but 1.17 dinar. Can you imagine people trying to make change with a 1.17 dinar bill? It makes no sense. Obviously they DO NOT want a bill with a nominal value of 1.17. He either fell for some other gurus lies about what nominal means, or he's intentionally spreading them himself. That's just in the first minute of his 8/17 call. "The more dinar you have the less of a risk it will be." Lol, come on. More investment = more risk, not less. This is just plain common sense. If it LOPs and RVs to a dollar most people are going to lose money due to spread. If you have more dinar, you're gonna lose, you guessed it, more money. "They're still going to go up to 5 dollars one of these days." This is pure hyperbolic speculation, and the numbers don't support it. It's really just a ridiculous thing to say. "[LOP] doesn't work" Then why do so many countries do it? It does work. China LOPd. You think China isn't an economic powerhouse? Look at their GDP. What are Breitlings qualifications that he knows better about currencies and finances on a country to country level better than the brightest minds in the countries themselves? Does he think everyone in China is stupid? Everyone in Turkey? Everyone in Brazil? Everyone in all the other countries that have LOPd? LOPs work, if they didn't, countries wouldn't do them. Countries don't LOP just for fun. "Look at Turkey...these are scams." Scam? How is it a scam? You have a 1000000 note worth 1 USD that'll buy a loaf of bread. You end up with a 1 note worth 1 USD that'll buy a loaf of bread. Where is the scam? If you want a scam take a look at all the gurus that have been pumping a 3+ dollar RV for the last 7 years. THAT is a scam. "The people of Turkey are sitting around, they're poor, they don't know what to do." Turkey has a GDP of 616 billion (and that's 2009, probably gone up) and a population of 75 million, for a per capita of $8200. Iraq has a GDP of around 100 billion and a population of 32 million, for a per capita of $3100. Who are the poor ones, again? Breitling is the same nonsense in a different wrapper. Of course you would, because he's telling you what you want to hear. You don't want to hear the truth.

So, let's just get this straight, as you seem to be beating around the bush a bit (no pun intended). But, George Bush Sr. told you, personally, that the Iraqi dinar was going to increase in value by roughly 1000x times?

Is he even bothering to come up with excuses anymore? From what I've seen he just completely ignores prior prognostications and jumps right into fresh BS spewing. The fact that there's anyone on the face of the planet that buys into this level of retardation makes me think the human race is doomed.

What makes you think that?

Anyone else think this is hilarious? Iraqis are putting their extra cash in USD, and US citizens are putting theirs in dinar. Anyone still think that "lifting" the zeros doesn't mean a lop?

I think the dinar dealers are starting to realize that their gravy train is in the process of departing the station (parliament voting on LOP) and they're trying to get in as much last minute pumping as they can. How else can you explain such a blatantly obvious lie as "it won't RV until you buy all our dinar"?

You are mistaken Padrev. I suggest you take a look at these two links which should explain where you are incorrect. http://en.wikipedia.org/wiki/Denomination_(currency) http://www.isda.org/speeches/pdf/TurkishRedom121004.pdf If you have a million IQD and they "LOP" three zeros, you now have 1,000 IQD. Both worth the same amount in USD or goods.

Delete three zeros = LOP. They've used the same phrase to refer to what Turkey and Brazil did, which was LOP. The cusomer can give the seller one of the current 1000 dinar notes, or he can give him one of the new 1 dinar coins. I don't know how it can get any clearer than that.