Z28 Freak

I might have missed it, but has anyone considered that the BRICS gold backed currency that is scheduled to launch Tuesday, August 22nd, is the Iraqi Dinar? I figure this is just a wild rumor that I am hoping for, but here's hoping.

Hi Artitech, I'm good with $850 per Million. Email me at blackdiamondbiz@yahoo.com Z28 Freak

Howdy! I bought out my buddy last year (as I told him I would) when he "couldn't wait any longer". I waited a year (just in case of the RV), but I need to sell. I have 9M IQD, all in UNC 25,000 notes. They were all bought from Treasury Vault years ago. I live in the Dallas/Fort Worth area and would be glad to meet at a Starbucks or something, or I can get a PayPal account if needed. Z28 Freak

I just checked. Ebay charges 12.9% (if the sale price is < $7,500) or 7% if $7,500 or more.

To me this is suggesting a LOP. Read it carefully, 1000 dinars become (1) Iraqi dinars, and the million dinars (becomes) one thousand dinars....that's a LOP. After the LOP, then the exchange rate is changed to 1 IQD = 1 USD, so 1000 dinars equals 1000 US dollars. That is NOT the plan Bush/Cheney put into place. Bush/Cheney paid $1 Billion USD for 4 Trillion IQD back at the beginning when the exchange rate was 1 USD = 4,000 IQD. The plan was that in the future (now, or "soon"...LOL) the exchange rate would change to 1 USD = 1 IQD. That is the plan we want, not what this guy is supporting. This requires deleting the three zeros, for example, the 1000 dinars become Iraqi dinars, and the million dinars (1,000,000) one thousand Iraqi dinars (1000), and according to the new exchange rate 1000 dinars equals 1000 US dollars". I personally don't think a LOP will help the Iraqi country. Think through the math (I'm an Engineer, so that's how I think). If Iraq LOP's its currency, just as an example, let's say the government of Iraq has 10 Trillion IQD, and they LOP it like the suggestion above is touting, that changes 10 Trillion IQD to 10 Billion IQD, and then change the exchange rate to 1:1, so the Iraq government now has 10 Billion IQD worth 10 Billion USD. How freaking long will 10 Billion (USD) worth of money gonna run the government of Iraq? A few months? I personally don't see it. The ONLY way for them to "go back to the glory days" is to NOT LOP, but to delete the three zero's off the exchange rate, not LOP them off the currency. Just my 2 dinars.

Speculators should learn how to do the math on these exchanges. Please let me help. The value of IQD was 1 USD = 1190 IQD, or 1 IQD was worth (1/1190)USD or $0.00084. As of today, the value of the dinar has decreased. So today, 1 USD = 1450 IQD, or 1 IQD = (1/1450) USD or $0.00068. IF, and that's a big, unknown IF, the "delete the zero's" phrase means to delete the three zeros in the USD:IQD exchange rate, then under today's rate, each dinar would be worth $0.68. So if a person had $1,000,000 IQD, at today's rate (before fees or taxes) would be worth $680,000. Personally, I'm good with a 680 fold increase in my investment. Time will tell.