Wheeler

Really? You're bragging about a .34% increase? Did you cash in your dinar and retire yet?

The dinar wasn't artificially reduced in value. It was reduced by Saddam printing trillions of dinar. There's nothing artificial about that. When you increase the money supply by a thousand times, each dinar is going to be worth a thousand times less.

Because it isn't my opinion. Delete the three zeros = lop. Read it in plain english. 1000 dinar becomes 1 dinar. That isn't an opinion, it's a fact. Whether or not it will happen is still debatable, but the meaning of "delete the three zeros" is not.

That's not what it means. Gurus are the people that started the "news" that delete the three zeros means retiring notes. Delete/remove/raise/lift the three zeros means RD/lop. It isn't debatable.

http://www.cbi.iq/documents/Monetary_Aggregates_f.xls A redenomination is not going to make anyone any money.

In your post, you said what good is it if the value is still .00086. The value is no longer .00086 after an RD. it's .86. Did you not say that? Here's the problem. In this post, you were agreeing with someone that said it was still worthless even if it's worth .86. In the future if you don't actually agree with the post you're quoting, you might want to not quote it and say "that's how I see it." Funny how you think anyone that displays any concern for his fellow man is a saint. Maybe that says something about you? Lol, so people spend millions of dollars for philanthropic reasons, but want spend a few hours of their time? Why, pray tell, am I here then? Am I a CBI plant, trying to get you to sell your dinar? A Tampa dinar employee?

Not really any of your business, is it?

Redenominations aren't particularly complicated. Understanding the theory is actually quite simple. "Two different currency's, two different rates" has happened in every RD in history, of which there have been many dozens. As far as disaster, China did it, seems like their economy is doing pretty well.

I didn't say all, I said half. It's possible people could lose all their dinar investment (lop with closed borders, for example), but it isn't likely. So in our madoff analogy, if I am also being swindled by madoff, and tell you so, then I'm okay. But if I'm NOt being swindled by madoff, and tell you, then I'm being "irritatingly antagonistic" with "non-existent integrity"? I don't follow your logic. So, say before the whole madoff scam came to light, if an FBI agent that was involved in the investigation told his mother, who was being swindled, that she wasn't going to become a millionaire due to her madoff investment, he was being antagonistic? New dinar vs. old (current) dinar. Check the Wikipedia article about "redenomination" if you're not familiar with the process.

If a bunch of people you know had their money invested with Bernie madoff, and we're convinced they were going to become millionaires because of it, and you knew with 100% certainty that they were not going to become millionaires, and were probably going to end up losing half their money, would you say something? Would you try and help them, explain to them why they were being taken advantage of? Or would you just let them get lied to and swindled by Madoff, and laugh at them for being rubes? Why is it so hard for people to believe that there are people out there that fall into the former category, and that not everyone falls into the latter? 25 of the NEW dinar will be worth 21 dollars, so grandma will be able to buy plenty of bread and milk without a truck full of dinar. that is not the RV that everyone hopes for, it is an RD. In addition, they say they will release NEW 100 and 200 notes, so if grandma needs to buy a new flat screen or water heater, it will only take 3 or 4 bills. Not nearly a truck load.

How is a 200 dinar bill being worth 160 USD worthless? A 100 dinar bill worth 86 bucks worthless? If by worthless you mean "not going to make everyone rich" then that is correct. How could they afford to make so many millionaires? They have 30 million people and a GDP of around 120 billion a year. That's 4000 USD per person. With an economy like that how on earth could they afford to create so many millionaires?

See this thread, sanssouci? And people's responses to it?

Read it again. New 50 having the same value as 50,000 now means the new rate for the new dinar is .86. 50,000 x .00086 = 50 x .86.

Sure. Which of those countries are you expecting an RV of 10,000%? An RV to 10 cents is huge. It's an increase of well over 10,000% and would be hundreds or thousands of times bigger than the largest RV in history. Most aren't expecting a huge RV? EVERYONE is exPecting a huge RV. Youve just been conned into thinking a 10 cent RV is "modest".

What's pretty easy to understand is that Iraq isn't a very stable place. Bombings, government infighting, Maliki acting like a tyrant, the potential for civil war, the potential for the Kurds to break off and form their own country (and start their own currency), the potential for invasion from Iran, etc, etc, etc. If there was a big RV any Iraqi with half a brain would exchange all his dinar for some other commodity, whether it's USD or silver or renminbi or whatever. They'd rather have fifty cents than a 500 dinar bill right now, you think that they wouldn't also prefer 50 dollars, or 500 dollars, to that same 500 dinar bill? They'd be cashing out just as quick as you would.