the wolf
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my mistake, I assumed you were in the 1000x increase crowd and I should not have. I would agree with your goal of a modest return and I think it can. 100% of the profits of the CBI go to the state and 100% of the profits of the Federal Reserve go to the US Treasury so I still can't see how it would be of value to them....
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I assume this means that they have not been removing the three zero notes as some have said that is what the "delete the zero's " articles mean. At least now it is clear that they have been referring to a redenomination when they discussed removing the zeros. Now that it has been postponed maybe they will continue to gradually increase the value, similar to the recent increase. their reserves have increased so they should be able to continue adjusting the rate. I saw a different article that stated they had already increased the value by 34%..
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So if they are postponing the deletion of the zeros, what happens to the theory that has been thrown around that the deletion of the zeros is the removal of physical currency which has been happening for some time as it is part of "phase I". If they are postponing it doesn't that mean that they have not been removing the three zero notes as many have stated? Things that make you go hmmmmm
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So based on your theory of the Rothchild's owning the CBI. Do you think they are going to want to have to pay out Trillions of dollars of their vast fortune to make you and everyone else rich? That doesn't sound like a very good business plan for such a wealthy familiy and there is no way to avoid having to pay that out if there is a 1000x increase in value. Do you know that dinar held by the CBI is not included in their M1 or M2 figures? They only have 60 or 70 billion in reserves so the rest would need to come out of pocket.
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you are correct....the value is still based on the 60 to 70 billion they have to back it
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they are backing the current IQD with 60 to 70 billion in reserves...that is basically the same value they had before.
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the 75 billion US value is basically the same value they have now. The difference is it is deluted by a lot more dinar. Back then there was around 28 billion dinar in circulation, now there is 30 trillion. Adam is correct in that the value didn't disappear it is still there and still the same as it was before...just deluted by a lot more dinar.
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could it be that the counterfeiters have invested a lot in counterfeiting the current currency and since they will be replacing it they won't be able to counterfeit the new currency for some time. So it would seem they would try to take advantage of the exchange process as much as they could before they have to start all over again. I think they are also worried about them taking advantage of Iraqi's that don't fully understand the redenomination process. I always thought the current dinar was supposed to be very difficult to counterfeit.
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haven't they been doing these auctions for years? Why is it different now? Since it is banks that are selling dinar to the CBI wouldn't these be electronic funds? why would she think it is only notes with 000's? Has anyone seen anything supporting that they are out of dinar? If they have reduced the money supply down to the billions why isn't it shown on the CBI financials? Why does she need a mic? Lots of questions
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not sure they could afford that.