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Sam I Am

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  1. In your book "Real RV Intel" you mentioned buying Kuwaiti dinar at the right time. Could you elaborate about that experience as to when and where you made your purchase, the amount and price, when you sold it and for how much? Thanks.
  2. That's rich! SteveI correcting somebody's spelling is like Bill Clinton giving a lecture on abstinence or George W. Bush teaching Public Speaking 101. Steve's grammar and spelling are grade school level.
  3. Sorry if I offended you. I just meant that you seem to think that a rich country will automatically have a highly valued currency and that's just not the case. As I pointed out Japan has a very high standard of living but their currency is around a penny. Congrats on your past success and good luck in the future. Actually I didn't forget about Iraq's needs. But they can't just assess a value to their currency based on what they need. They have to be able to support that value and right now they can't support $1 without a lop.
  4. Where did you guys get the idea that this RV is about helping the world's economy? The CBI has said consistently that the purpose for the new currency is to ease cash transactions. When did they provide any other reason for it? Currencies are revalued and re-denominated all the time for the sole purpose of easing cash transactions and strengthening value. Improving the world's economy is the job of the IMF, the World Bank, and the G20 not the CBI.
  5. That's true. Okie spells much better than SteveI does.
  6. The title is misleading. The bible says nothing of the kind. It talks about Babylon, and the identity of Babylon is open to interpretation. The early church believed that Rome was Babylon. Others think it's a reference to the Catholic Church. Still others believe it refers to the world financial system or Wall St. Eschatology is more open to interpretation than any topic in the bible. And one final note, Babylon was destroyed and the bible says that it won't be rebuilt.
  7. Billions of dollars worth of dinar would be trillions of dinar. If this is true (which I seriously doubt) we'll see dinar supplies dry up very soon.
  8. I don't think you understand how currency valuation works. Just because a country is wealthy doesn't mean they'll have the highest valued currency. The US is one of the largest countries in the world (tied with China at #3) with vast natural resources and strong manufacturing and service industries. And yet there are nine countries with a more valuable currency. Ten if you count the euro. At the same time Japan has a very high standard of living with a highly developed manufacturing industry and their currency is worth just over a penny. China is becoming an economic superpower and the Yuan is valued at $.15. As for regional currencies Kuwait, Jordan, Oman, and Bahrain are more valuable than the USD but Saudi Arabia, Qatar, and UAE are all around $.27. Syria's is at $.02. Yemen is at $.004 and Iran is at $.00009. So even if Iraq becomes one of the richest countries in the world that doesn't automatically translate into having one of the most valuable currencies. Now, for Iraq to become one of the wealthiest countries in the world they'll need to increase their GDP significantly. (Right now their GDP is lower than that of those booming, thriving economies of Angola, Bangladesh, Kazakhstan, and Nigeria.) That won't happen overnight. It will take decades to improve their GDP to the point where they can rank in the top ten. They'll need to develop their manufacturing and service industries so that their GDP isn't all dependant on oil as it is now. Also I think you're assuming that the only way to have the region's most valuable currency is with a straight up RV. If they re-denominate (lop) and then allow the currency to float upward over the years as their economy improves and their country stabilizes their currency could eventually rise back to $3+. To interpret the comments about having the region's most valuable currency as a 4000 to 1 RV is a tad presumptuous IMO. Statements like that SCREAM RD to me. There's just no way to get there without a lop. So if you want to make a good return on your dinar investment you better hope for less than a quarter because $.86 or more means LOP LOP LOP.
  9. That's a popular misconception on the part of dinar investors who are new to currency speculation. Let's say the dinar RVs tomorrow to $3. Would everybody in Iraq holding 350,000 dinar instantly become a "millionaire"? Think about it. Their currency was worth over $3 in the past. How many "millionaires" did Iraq have back then? You see, the RV only affects the exchange rate. Purchasing power in country isn't affected. It's the purchasing power outside of the country that's affected. Nobody in Iraq becomes wealthy overnight with an RV, but over time the country would prosper because of greater purchasing power as is the case with Kuwait. The problem here is that Iraq isn't Kuwait. They can't support a value of $3, $2, or even $1 with their curreny money supply and GDP. And the instability/insecurity in their country further complicates matters. I don't think Iraq is trying to discourage speculation, either from us or from Iraqis. If they wanted us to stop buying dinar they could just stop selling them. I think they need that revenue stream. It's time for people to face the facts here that Iraq is talking about re-denomination because that's probably what they're going to do. The only ones talking about flipping the switch to RV at 1000 to 1 are the pumpers and those who are either gullible enough or unsophisticated enough to buy it.
  10. Okay, let's leave the GET Team out of it and just focus on what The Historian said, or rather what she didn't say. She didn't explain how the 25-30 trillion dinar in circulation is going to suddenly shrink down to less than half a trillion to allow for an RV of $1 or more without a lop. She didn't explain how a country with a GDP less than that of Bangladesh is going to be the centerpiece of a global economic reset. She didn't explain how Iraq is going to back up their currency with oil that won't be pumped out of the ground for decades. She did mention that she's not an economist, however. But I think that's fairly obvious.
  11. The GET TEAM??? Are you serious?
  12. Sam I Am

    Good News

    IF there's an RV next week I'm 99% sure that it won't have anything to do with global settlements and the rate won't be over $4 (or even $1 for that matter) and that neither one of the Bush's will be indicted for anything.
  13. Okay maybe some of you people who have been around awhile can tell me if this is Okie?
  14. Several good opinions have been expressed here about how you could lose money on this. I think it's safe to say that most dinar investors see too much potential and too little risk in this investment. It's very risky. Anything could happen with the dinar. The worst case scenario is NOT that you only get $1000 for every dollar you invested. That's absurd. The worst case scenario is that you lose ever dollar you invested. If you can't accept that then you have absolutely NO business owning dinar. Sure, could could get lucky and receive a huge windfall, but nobody should invest more than they can afford to lose.
  15. You know Joe, I used to look up to you. You seem knowledgable about currency and on the conference calls you always seemed to be a pleasant guy. Now you come across like a broken, bitter man. What happened? Take your own advice and go back and read your posts. Here, I'll help you: An exreme amount of effort for someone so sure of himself. You must be a liberal since you've decided to protect people who DON'T GIVE A RATS ARSE ABOUT YOUR OPINION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! NOW GO AWAY, YOU TROLL. Hitman. You're friggin sad. How dare you make fun of prayer. Are YOU that jadded? What a friggin LOSER!!!!!!!!!! Loser. I disagree.But respect your right to be stupid.
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