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rapidwind

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About rapidwind

  • Birthday October 3

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  • Gender
    Male
  • Location
    AZ

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  1. The ads are just that ads. There a plenty of plug-ins for the website to allow ads to pop up. Basically the ads are given a space and filled in by the third party, google is one of the biggest. The website has very little control in what pops up and the database will put there what it think you will want to click on. Safe or not, hard to tell. Can always open a new window and research the company to see what others have said about it.
  2. Not exactly true. The pegging can be done several ways and the country can say this is what the value is and we will match every dollar out there. As long as there is no run on the bank they only need 10% if that on hand to back it. Now the argument can be made that if it RVs and people are cashing out all across the globe then they are going to need all that cash, again no they don't. Iraq has a built up value from their oil sales and can back their currency using those proceeds and any future sales. Money will be transferred using electronic means and debts will be settled at the end of the period, usually every month or two months depending on the agreement. Now Iraq comes out and says IQD = USD so a 1:1 ratio. I as a consumer gets 1:1 minus whatever the spread. Lets say 10% for easy math, so I will get $900,000 from the US bank. Where did this $900,000 comes from? Not Iraq, but from the bank's reserves. The US bank now has a choice. They can hang on to it, trade back IQD for USD, sell it to another bank, or sell it back to Iraq. Iraq has promised a 1:1 so it is as good as cash until the rate changes. It is a real pain transporting cash so they are not going to do it everyday but once a week to once a month depending on volume. Banks all over the world who change money keep a good amount of different currencies on hand to cover any money changing needs for businesses and travelers so some IQD will never have to be covered by Iraq as it will be changed here anyway. Other banks will buy the cash from the cash in banks to invest for venture capitalism in Iraq. Again transferring USD from a third party and placing IQD into Iraq. They probably will pay something less the 1:1 but more the the 90% so both banks make money. This USD will come from American or any other country. Again it is a pain to transport money so they will be wanting to buy millions to billions at a time to ship together. The last one, where banks sell it back, there Iraq can essentially write an IOU saying we will pay you at this rate (better then 1:1) but space it out over x number of months/years. Terms are agreed upon and Iraq has time to payoff any loans they can not cover. I can not go on with a break down of how China pegged their currency but that is a basic example. International Monetary policy is twisted and can be very confusing but there is a lot of freedom to create value out of almost nothing. I apologize for my response as it is done on my lunch break at work so it a little rushed.
  3. Just because it is printed in a newspaper does not make it fact. It is an opinion piece that was published in a newspaper. I think that is what she is getting at.
  4. Wealth Vs Value. What is Wealth? That is the question you must ask yourself. Money has no wealth and no value. It is given a value to be used as a base for which we can negotiate. This "value" is trying to level equivalents. How much of a Mc Donald's Big Mac is equal to 1 KWhr? Simple question difficult to answer with out some base rates. Now wealth is not currency. Wealth is what currency can BUY. Big difference. America is a VERY wealthy nation. We have acres of forest, tons of valuable minerals and entire states that can feed the world. We can supply a lot of wealth to the world. Money the paper bill you have in your hand has no wealth, it does nothing for society. It does not create Ideas, you could eat it but the five dollars would be more filling if you bought a value meal. In your example yes the individual value of the notes themselves decreases, but the wealth stayed the same. It is just a bigger number to represent the same wealth. Study economics before making statements to try and prove your points.
  5. According to the author and his last line in the article we are all getting flying carpets!!
  6. I been waiting for it myself and I missed it till someone else made a similar thread.
  7. Here is brief response http://dinarvets.com/forums/index.php?/topic/110779-adam-drive-by-chat-32112/page__st__120__p__906287entry906287
  8. I do like how all these new projects are quoted with Dinar costs and not Dollar cost. Just wish someone would slip up and and run a dinar to dollar comparison that would be a hint as to a new exchange rate.
  9. Or if your state does not like daylight savings, i.e. AZ, make sure that is also configured correctly
  10. Most post RV Information is found in the VIP section of the site. There we talk about banking, investments, etc. The free part of the site is just trying to get you to the RV but what you do after is where real wealth can be made and legacies can be created. VIP is one key. You don't have to go through DV but, at least, put in some serious thought after you get any kind of financial boon. Remember do what is right for you.
  11. Email Sara with any and all questions. She is very helpful. corpoffshore@gmail.com Try and leave personal information off the public forums as much as possible
  12. Follow this logical thought for what it is worth. They RV at or before the Summit. At the summit they announce to the world they are the best thing since sliced bread, oh btw, next month there is an investors meeting where you can take all this wealth and invest it in our country. In the mean time stay awhile and enjoy the camel races! Hopeful thinking! :D
  13. Ok I found this listing. It is for a lower denom dinar that is not currently displayed on CBI. Can any one verify this? Is it real or am i just getting my hopes up? 25 dinar note If it is real, party time!! If not well
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