DrQ

http://www.dinarrumor.com/showthread.php?31291-Okie-Oil-Man-%E2%80%93-The-Big-Hoax-Exposed!

Adam please comment on this. Do you agree or disagree and why? thanks A redenomination does not affect the total value of the currency. If you had 120,000 IQD that are currently worth $100USD (1,200 USD/IQD) and the dinar remonetizes tomorrow by dropping three zeroes to a new exchange rate of 1.2 IQD to the dollar then you are flat. You would have to exchange your 120,000 dinar for 120 new dinar, which are worth $.833333 each or $120 in total. A redenomination results in the same aggregate value. Outside of the costs incurred in the transaction there are no gains or losses.

My question is this: if this is a free floating currency as some assume, and it RV;s at 1 to1 lets say. Who is on the bid buying if you have 1 million sellers? You cant have a imbalance like that without it being pegged to something ie USD. So to be clear if this is to trade on forex as a free float which it is currently you have to have buyers and sellers for this is to work as a free float. An imbalance of just a few thousand sellers would create a huge spread between the bid and ask. If it is pegged then it is removed from forex. Please comment on this as it cant be free floating with as many people holding IQD. Thanks

BEAR5642: PEOPLE WE NEED TO UNDERSTAND THE VASTNESS OF THIS REVALUE. I KNOW YOU GET TIRED OF HEARING IT BUT ITRS A FACT. I SPOKE WITH A VERY INTELLIGENT PERSON LAST NIGHT ON 3 WAY WITH SCOTTIG AND HE HAS OVER 20 YEARS EXPERIENCE IN CURRENCY TRADING AND WOOW DO I HAVE A BETTER UNDERSTANDING OF WHAT IS GOING DOWN translation: I have no idea what is going on Im a contractor. I was schooled by someone who actually has a clue. A trader! Intel means nothing unless you can make money on it. And how much have you made off of Bears intel? Do you really think for a minute a contractor has the best intel on a multi trillion $ so called RV. PLEASE SERENITY NOW! Please God help me find someone who has a clue here.