RVPleaseToday

The great depression was before WWII, you know.

The U.S. motive for the Marshall Plan was to prevent the spread of communism. What does the U.S. want to prevent the spread of in Iraq? Camel dung?

Even if that is so, what does that have to do with Iraq? I'm familiar with the Marshall Plan. But I don't see any resemblance to Iraq.

Who is "they" that are using the Marshall Plan? The Marshall plan was aimed at all of Europe, and ultimately Germany, not a small, still unstable middle eastern country with nothing but oil to peddle. There is a lot of debate just how much the Marshall plan actually contributed to Europe's economic recovery after WWII. Alan Greenspan said that Ludwig Erhard's economic policies far outweighed the contributions of the Marshall plan in the postwar recovery. I see no resemblance between the Marshall Plan and what is going on in Iraq.

Perhaps, but the RV'ers don't have much to brag about, either. The exchange rate is still 1166.

Rayzur, a lot of unnecessary words. The situation in Iraq is not exceptional. Iraq has too many Dinar and two little reserves to significantly raise the value of their currency. Combined with the fact that significantly raising the value of their currency would make foreign investment in the country much more expensive, at a time when they are begging for outside investment, clinches the deal. Iraq is trying to stabilize their exchange rate, move the market rate on the streets to be in line with the CBI rate (1166). Yes, there is some political chess thumping from MP's and "experts" in Iraq about "the strongest currency in the ME," but I write that off as the same kind of political bluster we're are constantly subjected to from Dems and Repubs in the U.S. The consistent message to Iraq from the IMF is one of the need for stability. The idea of a significant, rapid "RV" is a fantasy, created by Dinar dealers and their guru pimps to peddle currency.

I think Rayzur got into dontlops stash.

Rayzur, I haven't a clue what you were trying to say. What's the one paragraph version. Just say it!

"Ditto And so boring" ​And yet, you venture into the Lopster Tank so you can talk about how boring it is. Must be slow in the other threads.

As to the widely held belief that the U.S. is going to give Iraq trillions of "petro-dollars" for decades worth of oil, there was this news brief over on aol.com today: "As the U.S. draws closer to energy independence, the Obama Administration is considering lifting the ban on oil exports. Due to the surge in shale oil production, the U.S. is set to become the world's largest producer within the next five to 10 years."

It's all so simple. Iraq has no way to pay for any kind of RV. They have too many Dinar and too little reserves. The RV is a fantasy created by dealers and pumpers to peddle worthless currency. In another 15 or 20 years, if Iraq doesn't blow itself up, or be totally controlled by a ruthless dictator, their economy can grow and the value of their currency slowly appreciate. Look at Kuwait. They have 25 billion dinar and 600 billion in reserves. And they have a solid exchange rate. To have a shot at Kuwait's numbers, Iraq must remove those zeros, and significantly increase their reserves. Any other conclusion is magical thinking and conspiracy theory.

The idea that a small, unstable country with a $100 billion a year income almost exclusively from oil, is going to suddenly declare itself worth trillions of dollars, and any other country do anything but laugh at them is ridiculous to the point of being silly. What RV'ers are counting on is economically impossible. Isn't going to happen.

"So here's the answer to your question ew: I'm cashing in in Belieze." So, somewhere is Belieze, there sits a Dinar dealer with a Trillion dollars or so in cash, who is willing to buy Dinar at whatever the going rate is after an RV, and then break even when he tries to get his money back from the CBI for that Dinar? I guess he could be planning on getting 30 percent of the RV'ed value of your Dinar for his efforts, but I'm thinking you wouldn't like to give him that. lol

And the RV'ers don't want the Dinar on Forex. That means it is floating, and that's the last thing they want. They only reason the RV'ers could conceivably make money from an RV is because the Dinar is pegged to the dollar and they bought it for almost nothing. It must rise a large amount against the dollar. They don't want to become Forex traders (who make money by putting a lot of money on a currency and profiting by tiny twitches in exchange rate), they want dollars for their Dinar. The most likely scenario for a float, at this time, is that the Dinar value would drop, not rise. Regardless, a float would not be in Iraq's interest because they have a single export, oil. Oil is sold in dollars. Iraq is a long way from having a sufficiently developed economy to justify a floating currency. The other problem is that an exchange is a one-shot deal. Why would a bank or a dealer want to exchange dinar after an RV? Think about it. The only reason you will profit from an RV is because you bought dinar for a fraction of a cent. But if a bank or dealer buys that dinar from you after an RV, they are going to pay you a lot of money for that dinar, and then they have only a dinar. So if they give you $3 for it, for example, and they can only get $3 for it when they go to the CBI, that's no deal for them. You made off like a bandit, but they gave the going exchange rate. Which might go down before they can get rid of it, because RV'ers have flooded the market with Dinar.

aits, why would you have ever had any respect for me. I'm just pixels on a screen. The thing that gets you guys in trouble is that you assume the Internet, and the millions of words of conspiracy theory, are real. They are not. Try this experiment. Take a good look at your monitor. Looks like a window on the world, doesn't it? Now, turn your computer off. It all disappears, doesn't it? Blink a few times. Look back at your monitor. Still gone, right? Now, look out the window of your house or apartment. See the trees, flowers, buildings, people walking around? Now close your eyes. Got them closed tight? O.K. Open them. Note that the trees, flowers, buildings and people are still there. Blink your eyes a few times. Everything is still there, right? That is a window on the real world. Your monitor is not a window on the real world. Everything you see there is nothing but pixels on a screen, not an analogue of the real world.

JimH, Keep is lost...in the Lopster Tank. YOU have to come here to confront him. Sounds like you have a problem, not Keep.

What is it, exactly, dinar_millions that you have won? Your Dinar is still worth only 1166 and you are still living on Hope on a Rope.

And yet, the exchange rate remains...1166. The world today bears no resemblance to the cultural and socio-economic world of WWII.

Um, dinar_millions. You don't notice the difference between a country like post-WWII Germany and Iraq? The cultural and socio-economic factors? You clearly have no clue about economics. The Germans didn't hate our guts at the end of WWII, as just one example.

Shhhhh. The RV is not "before your eyes." It's a deep, dark secret that nobody would ever tell. Isn't that the Go RV'er line?

dontlop is nothing more than a deliberate distraction, the forum pet.

And explain to me what entity could force a GCR? Certainly not the IMF. It has no power to compel countries to do anything. What entity exists in the world that has absolute power over the economies of 190 sovereign nations? This GCR nonsense is a Guru fantasy.

lol, dinarmillions, this is an open forum. Don't hang out in the Lopster Tank if you don't want lobsters replying to your posts. Good, grief, man. You seem to be demanding there be no lop talk in the Lopster Tank.

The next few months...you are a true believer.

You misunderstand the video. She was talking about being concerned with various QE efforts around the world creating imbalances in their attempt to prop up world economies. She said that there needed to be more reckoning with the consequences of propping up those economies, such as the risk of bubbles and instability, saying that nations may need intervene in foreign exchange markets to reduce the flow of capital and moderate volatility. She wanted to stabilize the seesaw nature of world markets. You are reading into her words what you want to see, I'm afraid. There can be no such thing as a GCR. It is an economic impossibility. It would throw the world economies into complete chaos. And you would never get sovereign countries to agree on such a thing.