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jbest

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  1. Side topic: "Army Aviation Command, have only 158 aircraft, including 89 helicopters and 69 airplanes, and about 7,500 personnel, according to U.S. figures." The same reason why a country of people would condone using their tax money to support 7,500 personnel and fellow citizens doing nothing but running their air force, and no one questions it, is the same reason I would give for carrying a gun or sidearm. It's war out there, and if a country needs defense, then so do we by the same logic.
  2. My thoughts exactly. How can exchanging a 25,000 note for a 25 note be good news? Even if the new currency is worth 1000x more, if you have 1000x less of it, the net value is the same.
  3. I don't look at Dinar like an investment, or something I need to sell. I look at it as a currency conversion. I'm holding my currency, just in a different form.
  4. Why then would the treasury secretary signal back in June that he wanted to resign after the debt debate was resolved? You'd think he would want to stay around to bask in the glory. Just saying it doesn't add up.
  5. Thanks. My read on the news broadcast is that if Iraq turns 1000 Dinar into 1 Dinar, that will move the value of the new Dinar from the current Dinar up by three decimal places to $0.85 at that time. Let's say we exchange each of our 1000 Dinar notes for the new 1 Dinar notes, which are worth 1000x more, and continue to wait, letting the dollar value of our currency conversion hold stable. If the Iraqi currency can manage to appreciate on it's own after that from the $0.85 level to a historical level around $3, we could see a 3x gain (from about $0.85 to about $3). It depends on how they run their show and how we run ours, but it may not appreciate that much. It might move like any other foreign currencies within a narrower band. Looking at it that way, it won't make me rich, but I'd still be happy that I tried. I won't ignore the news broadcast, but until it turns out one way or the other I can still simultaneously hope Iraq surprises us and makes us rich without tipping us to its generous policy move in advance, since everyone wants it to turn out that way anyway. Still, it seems a lot of people have concluded that it has to happen the way they want it to happen, or the world would be doomed, so therefore that is proof. I'll be cool with it either way. No choice.
  6. The funny thing is I think Med was quoting Dingleberries from this forum. Now Dingleberries is quoting Med, and so goes the circle. Just seems appropriate for the level of credibility I give the info and rumors I hear almost weekly. I like the levelheadedness of people who run and visit this board. It is refreshing compared to the "it's this week" pumping elsewhere. All the excitements from the pumping can wear out the mind and body with their speculation. I'd much rather get excited after it revalues when I find out about it through regular channels. Finding out about the revalue sometime within a week after it revalues is soon enough for me. I don't need to know in advance if I'm going to be a slow mover afterward anyway. I plan to stay pretty cool about it, not announce anything to anyone, and watch how dinar trading settles out before taking action. If nothing happens, then I've put my energy to more productive things in my life that I can control. Certainly there are things people can do to be prepared for a revalue without staying glued to the news. I haven't done anything specific, but have saved info about what others would do, like talking to banks, which I'll read and review and make a check list for action at the time.
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