leesburg
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Jimmy Carter unveils truth about Israel Ron Paul is right.flv
leesburg replied to Scrumdiddles's topic in Off Topic posts
well i dont see any list of former palistianian leaders ..i have researched this for years ..there arent any .. not one palistianian leader before arafat ...kinda strange huh ..since the palistinians are claiming to of been there for thousands of years .. every other country on earth has records of there existance ..except the palistinians .. makes ya wonder ...prove me wrong .. ill be waiting ..do a littlte reasearch about arafat trying to over throw the king of jordan and how he ended up in isreal making his false accusations and claims wonder what would happen if the central americans come back home to claim their homeland .. with no history of any central american presidents or leaders .. just some thug or terrorists claiming hes a central american ...thats a region too..i guess after a few generations of teaching their children thats their homeland and panama stole their land -
Jimmy Carter unveils truth about Israel Ron Paul is right.flv
leesburg replied to Scrumdiddles's topic in Off Topic posts
i have no faith in anything jimmy carter says ..he flew to the middle east to lay a wreath on yasser arafats grave ..a known terrorist ...palistine was a region long ago .. a region like central america .. south america ..,north america europe asia .. the region of palistine is now called the middle east .. it merged with the rest of the region .. their were never any people called palistinians ..arafat was kicked out of jordan after he tried to over throw the king of jordan .. no one wanted him and his terrorist thugs in their country .. isreal puts up with them .. egypt doesnt ..syria doesnt jordan doesnt ..there never was a country or a people called palistinian people or there would be recoed of it .. i challenge anyone to name any king of palistine .. president .. emporer .. ect ..of palistine before arafat in the 1950s... there isnt and records of any ..... they raised these arabs from birth to believe they are palistinians so now thats all they know ...iran is most likely behind this whole palistinian movement .. the word iran comes from the word aryan .. like aryan nation .. white supremisists... the arayans moved into the middle east and took over persia which is now called iran ...and they did this after the defeat of aldolf hitler .. thats who these aryans backed during world war 2 ...they always hated the jews as hitler did ..and to this day lie to their children and teach them hatred using the muslim religion as their source .. these are those who cause all the trouble through out the world .. they have members in iran .. gaza strip .. west bank ..lebanon..syria ..iraq.. yemen ,,afganistan.. pakistan saudia arabia ..egypt ..libya.. these evil people and their lies are trying to penetrate the united states and it seems they got through jimmy carters weak mind .. my opinion ..- 16 replies
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they may not buy oil with it ..but that would be their choice .. world trade is a whole different ball game ..if it revalues and becomes a world tradable currency and once the us has the dinar in their treasury .. they can buy anything they want with it .. they can go to china and buy textiles ...or what ever they choose .. they can go to uae ..and buy gold ..it will be a tradable currency to be used for what ever purchase they choose .. to say they wont be buying any oil ..would be rediculous
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the us govt has a 15 trillion debt ..most of that domestic ..and most of it being treasury bonds that people buy as an investment .....the us assets far exceed that debt ....our 14 trillion a year in gdp ..times 10 years equals 140 trillion dollars and our gdp is expected to jump to 18 trillion by 2016....we will see on that but .. the govt assetts were at 42 trillion 10 years ago .. the private sectors assets were more like triple that..we are not broke .. we have loans ...out .. my neighbor has a loan for 160 thousand dollars .. he makes around 50 grand a year .. hes not broke .. hes got bills to pay ... including car payments food expenses. utilities taxes ect. .. i dont see him losing confidense in himself .. hes actually proud of his accomplishments ..all the debt talk is mostly political....how many polititions have talkked about reducing our debts?.. they only talk about reducing the amount of increase the govt adds each year .. only congress spends money in our govt .. and gingrich is the only person in my lifetime that actually balanced our budget and payed down our debt .. only briefly ..because surpluses by our govt is not a good thing .. money must be circulated ... not stacked up ... if our govt ever does have another surplus they will do as bush did .. give it back in a tax cut ...they pay their bills .. the us has not defaulted in my lifetime
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its all based on confidense ..im positive the amount of foriegn visitors ariving in iraq since the us left in december has dropped off significantly .. if buisnessmen dont feel safe to send its employees to a country ..to do buisness ..they wont ...do people around the world go to iraq now and check into hotels and go out sight seeing and walking up and down the streets getting lunch where ever the feel ... do they go to a beach ..or any where in iraq for entertainment .... it all depends on how iraq functions as a country since the us isnt over seeing its security ...the airports were booming while the americans were there .. but what about now ...does the govt have control .and is the govt excepted by its people . that is key for a stable dinar and weather or not it will be excepted ...
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i believe they only need to cover what needs to be covered through foriegn exchange .. the people of iraq will not have a need for foriegn currency for day to day living ..just like here in the us .. we use the dollar...the us only has around 146 billion in foriegn reserves,, that doesnt cover the trillions of dollars used here in the us ... but if someone over seas wants their dollars exchanged for their countrys currency ..it is covered...if it ever got to the point to where everyone wanted to turn in all their dollars for their countries currency and it totaled to more than we had in foriegn reserves our dollar would be devalued to meet that number of exchanges.. as explained in the article from the new york fed i posted earlier.
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it has everything to do with it ...if a country just raises their value of their currency .. that wont give anyone confidence to buy their currency ..if its not backed up... say they bought a million cars from ford ...with their new currency .."dinars"... so ford went to the bank and exchanged the dinars in for dollars ... iraq better have the dollars to back up those... dinars .... the united states isnt just going to cover iraqs expense... i know the united states does not have the foriegn reserves to cover all the dollars in existance... but they have enough to cover the ones abroad.... we do carry alot of unfunded liabilities ... which are backed up only by our economy ...the way we are educated ..to get up and go to work ... working people is the only thing that backs the us dollar ....not gold ...or land ...or other things .. its a promisary note ...an agreement between the banking sector and the private sector ..called the monetary system ..all money is based on a loan payable through work ... the more money that is given away for free ..the less valuable our dollar becomes ... via welefare ..food stamps ect... you cant give money away for free to some and tell others they have to work for it ,, unless its your goal to devalue your currency ...if you want your currency to lose value just start giving it away for free
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once all the people around the world turn in their dinars after a revaluation ... they would end up at thier countrys foriegn reserves ... the united states for example would have billions in iraqi foriegn reserves to be used to prop up the dollar as well as for purchases of iraqi oil ,, or anything through out the world through the world trade organization..the dinar would have the new rv rate everywhere around the world and .those dinars would be then transferred to that countrys reserves ... so iraq would not necessarily need to cover all that dinar ...the bilateral agreements iraq has made over the last year or 2 most likely have covered these things ...the posibility of a revaluation is very real... iraq has also been buying other countrys currency besides the dollar and keeping it in their foriegn reserves .. they dont mention the euro ..when they talk about foriegn reserves...or the yen or yaun ...or rupil ...they say they have 60 billion dollars ...they dont say they have 60 billion dollars ,25 billion euros ..10 billion yen ect, they may hold out till after all the other currencys revalue ... to revalue their currency last.. that way all those other currencys in their reserves have already increased in value before they rv theirs,,,giving it even more value....so if a bunch of currencys rv and iraq doesnt ...do not say iraq sucks and sell off the dinar ...only finding out 6 months later the dinar rvd ...i wont sell my dinars till they put out a dead line to exchange them in
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according to new york federal reserve ..they can increase their exchange rate to what ever they feel they can buy back with foriegn currency reserves ...so if they have 50 billion dollars in their reserves and they revalue their dinars to 4 dollars all they would need as assets would be what they think would be exchanged after the rate increase ... like the dinars that are out of country ...if the dinar went to 4 dollars the people of iraq would have no use for the dollar inside iraq borders so they wouldnt be cashing in their dinars for dollars ... only we in the united states would be cashing in ... so they would only need to cover our rv expense ...its hard to explain .... this is from fed newyork During the mid- to late-1960s, the United States experienced a period of rising inflation. Because currencies could not fluctuate to reflect the shift in relative macroeconomic conditions between the United States and other nations, the system of fixed exchange rates came under pressure. In 1973, the United States officially ended its adherence to the gold standard. Many other industrialized nations also switched from a system of fixed exchange rates to a system of floating rates. Since 1973, exchange rates for most industrialized countries have floated, or fluctuated, according to the supply of and demand for different currencies in international markets. An increase in the value of a currency is known as appreciation, and a decrease as depreciation. Some countries and some groups of countries, however, continue to use fixed exchange rates to help to achieve economic goals, such as price stability. In order to sustain a fixed exchange rate, a country must have sufficient foreign exchange reserves, often dollars, and be willing to spend them, to purchase all offers of its currency at the established exchange rate. http://www.newyorkfed.org/aboutthefed/fedpoint/fed38.html
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Fact Check: Keystone XL Tar Sands Pipeline Isn’t A Job Creator
leesburg replied to Weapon X's topic in Off Topic posts
raise more revenues ? most people think they should raise the taxes on rich people ...lol,,,if i were a buisnessman..operating a standard buisness platform..at 8% profit margin ...like most buisness do .. and they raised my taxes ..i just raise the price of my services or product to cover that ans still operate at 8% profit margin.. why do people think the cost of food is up constantly ...up up up ... well every regulation set in place by congress adds to cost ...the more costs ..like increasing minimum wage ...the higher the price for a loaf of bread ..the rich dont pay it ..well they do after you give them the money to pay for it ..now prices are so high people cant afford to buy groceries like they used to ...so they cry to raise the taxes on the rich and cut taxes on the poor .....well all they will do is raise up the prices to what ever increases they demand to operate at 8% profit margin .. and guess whos paying for that tax increase .. the working class .. those welefare bums dont give a hoot how much you workers have to pay ..their stuff is free from your taxes .. when they can educate enough people to be dumb enough to vote them into office ..as they did in 2008 .. you will see everyone protecting their cash in off shore accounts ..and our economy will suffer ..likeit is right now ...ya get rid of these socialists ..the money will flow again ..if not these people with money will live off their assets ..they dont need an income ..their already rich....they can wait as long as it takes ...you can only tax income ...not their money that has already been taxed and in some offshore account ..or in an account right here ....they cant say how much money do you have in the bank and say you owe more taxes now ... -
Fact Check: Keystone XL Tar Sands Pipeline Isn’t A Job Creator
leesburg replied to Weapon X's topic in Off Topic posts
collegs forgot to teach about the other jobs created because this pipeline ...they would not be saying 200 people would be standing at each mile to maintain it .... the materials needed ...the transportation of those materials ..gas stations get buisness resturants ..all generated from this project .. if you dont believe in trickle down economics ...go to michigan and tell them not to worry the economy is great and closing down auto plants doesnt hurt the economy ...when ltv steel shut down in cleveland ohio in 1998 under clinton ..as the manufacturing sector was being destroyed ...cleveland lost 17,000 steel mill workers ..and a billion a year in their local economy ... they never recovered to this day .. cleveland is a mess... besides those 17.000 mill workers ..their abverage 52,000 a year salary was no longer being spent in cleveland ... the bars near the plant closed ..the resturants ...renters moved away ...gas stations lost buisness ..hotels layed off ..local machine shops closed down around 400 of them ..the one i worked at had 250 employees // went to 7 employees ..so go back to school and learn the truth about job creation and how many jobs a 52,000 a year job supports ..then multiply that by 17,000 and you can see how trickle down economics work ...200 people for every mile ...ah ha ha ha ha ha ha post a link for that original article all i found was left wing radicals spewing the negativity related to this article -
Fact Check: Keystone XL Tar Sands Pipeline Isn’t A Job Creator
leesburg replied to Weapon X's topic in Off Topic posts
yes those nasty pipelines usually fall out of the sky and maintain and operate themselves...just like water pipelines ..the alaska pipeline natural gas pipelines .. they dont create jobs ...we should be getting our water from a river in a bucket...some people in our society are just liars and will make up lies and pass them around ....the next round is in college right now being trained to be liars ...and want tax payers to pay for their college tuition...bunch of free loaders -
the entire infrastructure as well as private sector would need inventory as we as artifacts ...every homes value every bridge all the pipe lines ports air and sea .refineries ..roads pensions wages insurances ....cars furniture ect ...if it doesnt come out to the figures they need they will increase wages ..find more investors or what ever they need ... once they determin how much currency they are liable for and how much is out of country ..they will set the rate ...if 15% of their currency is out of country they will rv 15% lower than thather figure ..and set a date to turn in currency ...to iraq ... then the final jump of that 15% will be added in at a rate of 2.5% per year or what ever the rules state ..meaning all the currency out of country will be paid for through that final increase ..so your dinars are free to them ...if you live outside of iraq... its their dues they must pay to become a part of the international community ..and they wont mind a bit...i feel they will have a net worth of around 3 trillion when its all said and done ...leaving you with around a 10 cent rv ..its just my opinion...100 grand per million dinars ..
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first stage underway printing new lower denominatiions and float dinar to 1000 dinars per dollar ...after they hit 1000 dinars per dollar ... new denominations will be released ...and a time frame for turning in your old dinars .after all old dinars are collected at 1000 to one ..last stage will then begin revaluation to 3 to 4 dollars per dinar... iraqis will be the ones who prosper here .. you want to make money off this set up a place to buy back everyones dinars for 600 bucks and get them back to iraq legally ..and turn them in for 1000...thats 400 bucks per million ....if theres a million people with a million dinars that is 400 million dollars ... why else would anyone be pushing this .... its a money maker ...show me any solid information that shows anything else is going to happen exactly its part of the arbil agreement to have kurdish language on the currency ...its in the kurdish constitution .. and wont be implimented until the currency has the kurdish language on it ... now why the english language is on it too ... is beyond me and any info i have
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i have a feeling we will see the dinar increase in value to 1000 dinars per dollar .. for the redomination day...they say they want the dinar to equal the dollar ..and if they want to delete 3 zeros , they will have to meet 1000 dinars per dollar first..they also have stated the iraqi dinar is the strongest in the region ..im hoping they also rv at the same time they rd ...to 4 dollars per dinar ... sounds like they will just be rd ing their currency from most of their articles ive seen ...but they could also be blowing smoke to iran and syria as they are going broke from sanctions, trying to get them to cash in their dinars prematurely. this is just a waiting game ...i was told they wouldnt be rving till around 2016 after they reach full potential output of around 12 million barrels of oil a day ... i heard that back in 2004 so things may of changed since ....only time will tell in the mean time i guess i will be watching iraqi headlines daily ..i appreciate this site for providing daily updates ..
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thanks for all your intellect, and virtue...i hope they kick the rate up to 3 or 4 dollars after they redenominate ... even up redenomination id lose money since id most likely have to go thru a dealer and pay for their services.unless their currency goes global ... then i would get the full 860 dollars per million back...im hoping for 4 dollars and end up with about 3500 dollars return on a million dinars
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so i think i understand if i were to own a bank in iraq and i owned so many dinars and it revalued dollar for dinar ...the only dinars i owned that would revalue are the ones i havent loaned out .. so who ever is holding the dinars at the time is the lucky one...that would suck to loan out 2 million dinars for a used car worth 2 grand ..then the next day it revalues dollar for dinar and its worth 2 million ...but i only get back 2 grand... see this is complicated ... if i had a loan for 40 million dinars today to buy a home it could be worth 40 thousand new dinars after redenomination..and if i had 50 thousand old dinars in my pocket ..it would be worth 50,000 dollars after revaluation ...i could just go pay off that loan and have 10,000 dollars worth of dinars left over ... that is great for the bankers and for the people who are in debt ..it seems like the banks would break even on out standing loans ...but gain on ...how much money they had in their vaults ...me on the other hand would like to buy a few hotels in bagdad ...on a loan for sure ...then wait for the rv and just pay them off .. and make out like a bandit...i better stop im getting confused again ..thanks for the help
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if i was iraqi and had a loan out for 2 million dinars ...and they rvd ...dollar for dinar .. would i be in debt 2 million dollars after rv ?