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jackster

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Everything posted by jackster

  1. Whoa, whoa, whoa!!! No one told me that Sans was expected to think before he posted anything.
  2. Currently, 1 IQD equals US$0.00086. After RD, 1000 IQD will equal 1 IQD. After RD, 1 IQD equals US$0.86. So, 1 IQD equals US$0.00086, then will RV to equal US$0.86. That is, after they remove 3 zeros.
  3. The exchange rate would also change. Your new 50 IQD note would be worth $43.00. 50 IQD today is worth 4.3 cents.
  4. 20Million seems to have a pretty good grasp on the IQD speculation and currency trading in general. That professor you referenced studied redenominations. People who have degrees, experience, knowledge are discredit in this forum. People that do this for a living are discredited because they did not purchase any IQD. A good majority of Pro-RVers only believe the posters that do this as a part-time hobby. They are amateurs at best. And I do not mean that in a derogatory way. Compare it to playing on your local baseball or softball team. You're good at what you do, but you're not considered a professional player. I understand hoping for the RV. A 1:1 RV within the next 3 months would be tremendous victory for many in here. RealDinar, if you're hoping that every 1 million IQD will be worth $1 million, the current news would say that it won't happen. Not even $10,000. Even $3000 would be a stretch. I would rather listen to a professor that has studied international finance and economics than the cashier at Wal-Mart who has studied this subject for the last 9 years via a forum or blog.
  5. This is the second time you've posted this exact same thing. Cut and pasted it twice. And your added comment on the first one was "No lop" An RD is called a neutral event. Neither positive or negative. Today 1000 IQD buys what later 1 IQD will buy, after the 3 zeros a removed. Exchanging IQD for dollars today is at US$0.00086. After RD, US$0.86. One Iraqi dinar will buy what it took 1000 dinars to buy. 1 million IQD today will exchange for $860. After RD, 1 million IQD will equal 1000 IQD and be exchanged for $860. The sad thing is people are paying (exchanging) around US$1,080 for something that is worth only $860. For the average Iraqi, the removal of 3 zeros will not lower the purchasing power of their money. Neither will it go up in purchasing power. However, if someone bought IQD and expected their 1 million dinar to be exchanged for 1 million dollars, but can only get $1000, then that is a huge LOP. Iraqi citizen. No LOP. IQD speculator. Big LOP.
  6. Right now, 1 IQD equals US$0.00086. After removing 3 zeros 1 IQD equals US$0.86. No change in value. It will not affect outside investors. Business will continue as usual.
  7. How does it hurt Iraq and other countries?
  8. At this point making 3x on one's investment over a 9 year period would not be too bad. Better than the stock market, but worse than investing in gold. But it would only be a very small consolation prize. The hype has been that the IQD would RV to a previous exchange rate of about $3.41. That's around 3400 times on the investment. 3x versus 3400x. That's like planting corn in a field and expecting 3400 bushels of corn after harvest. But after nine years your field only produced 3 bushels of corn. If someone only invested $1000 and got $3000, that is not going to change their lifestyle like the were hoping to. Invested $10,000? $100,000? Good, but still no 'lifestyle upgrade'. Back to the $1000 investor. How much did that person spend in membership fees? RV books? RV audio tapes? Long distance charges for conference calls? Tax planning and business entities related to the RV? Other purchases that were made from banner ads on blogs and forums? Also subtract any mark up costs, shipping and delivery, and foreign currency exchange fees. Expectations were high. Yes, we still have to deal with it. Good luck to us.
  9. Yep. Phone call is cheaper. Results are the same.
  10. I will agree with one statement that Steve makes. "I don't have a clue..." as pertaining who is real or fantasy. He cannot tell the difference? And he expects people to listen to him.
  11. A few months back I called banks in New York City. Their main branches and no one was selling IQD. New York City or Washington, D.C. would be the only places where an American bank would be selling IQD. They're a phone call away.
  12. 20Million, now I understand you a lot better. You have been fairly quiet the past few months. The Swiss Franc was around 1 USD, then went up to $1.40 last August/Sept and is back down to 1 USD. You're probably aware but in Europe the Franc and Norwegian Krone are the strong and reliable currencies at the moment.
  13. 20Million, thanks for the input. I see that Caz has already jumped on you. I am assuming that you have been trading currencies for a few years now. You have experience. If you want to completely discredit yourself, just tell them that you have a degree that jumpstarted you into this career. If I understand you correctly, it does not matter what the government of Iraq does. Neither CBI, Maliki, Shabibi, Talabani, IMF, WTO, World Banking & Finance Summit 2012, UNSC Chapter 7, Erbil, HCL or any other organization from the UN, OPEC, the Middle East, NATO, the USA, etc. BTW, did you track the Swiss Franc last year? That was a nice ride, huh?
  14. This is the post at another site by Miskebam, an administrator, "ALERT: UNSC resolution restored Iraq’s full sovereignty (THIS IS AN OLD ARTICLE)" on Fri Mar 30, 2012 7:28 am: Several of the chat rooms last night were using an article from 2008 to say that the RV had occured, its one of those web sites that the articles are not dated, but the website's date stays current. So articles look like they came out that day... when in fact thay could be very old news. UNSC resolution restored Iraq’s full sovereignty December 23, 2008 - 12:50:43 BAGHDAD / Aswat al-Iraq: The United Nations Security Council’s resolution to bring Iraq out of Chapter VII of the UN Charter has restored Iraq’s full sovereignty over its money abroad, the chairman of the parliamentary security and defense committee said on Tuesday. “The resolution is an acknowledgement that Iraq no longer poses a threat to the security of other countries,” Hadi al-Aameri told Aswat al-Iraq. UN Security Council Resolution 678 was the legal authorization for the Gulf War, which was passed on 29 November 1990. It gave Iraq an opportunity to withdraw from Kuwait by 15 January 1991 and authorized UN member states in cooperation with the government of Kuwait to use “all necessary means to uphold and implement” Chapter VII of the UN Charter, which authorizes the use of force to restore peace. Chapter VII of the United Nations Charter sets forth the powers of the UN Security Council to maintain peace. It allows the council to “determine the existence of any threat to the peace, breach of the peace, or act of aggression” and to take military and non-military action to “restore international peace and security.” The United Nations Security Council on Monday unanimously voted to extend arrangements for depositing the proceeds from sales of petroleum, petroleum products and natural gas into the Development Fund for Iraq and to review all resolutions pertaining to Iraq from 1990. SS (S) [You must be registered and logged in to see this link.] Same article was all over the forums in December 2008, and was determined to be an opinion piece by a journalist. Just wanted to give a heads up to all those that might read this, to not get excited about this article. I would think Ban Ki Moon would have to report back to the UNSC officially that Iraq has fulfilled obligations, and put the suggestion of lifting before a vote, before an official announcement is made by the UN. END POST by Miskebam
  15. I am well aware the constitutionality or unconstitutionality of income tax. I use to follow Joe Banister, Sherry Peal Jackson., Irwin Schiff, Devvy Kidd, Ron Paul and others. These and others have paid with jail time. Conspiracy theory or not, it is not a widely held view. Until this is accepted as unconstitutional, the majority will rule.
  16. I don't think that you'll hope for 50 cents. I'll assume that you have 1 million IQD. You paid US$1100 for it. After they remove 3 zeros, you should be able to exchange your old 1 million IQD for new 1,000 IQD. The 1 million IQD will not be worth 50 cents at the same time that 1000 IQD is worth 50 cents. Your new 1000 IQD could then be exchanged at the bank, hopefully for US$500 If the GOI and CBI follow through with the removal of 3 zeros, an RV will not happen before the RD. Why would 1 million IQD be worth US$1,000,000 one day and then US$1,000 one week or one month later? Iraq is announcing details of an upcoming RD. No details of an RV are being announced. Perhaps, after the RD, an RV occurs where the new IQD is worth US$3.00, then your new 1,000 IQD could be exchanged for US$3,000. Almost tripling an investment is not why we're here.
  17. Thank you. Very interesting reads. I followed one of the links to a place RS. It showed a post from someone in a southeastern state saying that it's a very exciting time. He didn't call a date, but did say "tomorrow could be a great day for us". Pointed out that these gurus were mostly in Utah and Nevada. Did you know that Nevada was the second most scammed state and Florida was #5? Worst states for fraud: Nevada #5 and Florida #1. Mortgage fraud: Florida #1.
  18. Jekyll Island is one of the "conspiracies" or historical events that people used to support their arguments that the US income tax is illegal. Also that mortgages and credit cards are illegal. And that people can get their debts (mortgages and credit cards) erased through an administrative process.
  19. We don't want to save you from yourself. The RV is more likely to happen than the RD. With all of the media calling for an RD, there must be something that Shabibi and Maliki know but aren't saying. Even Shabibi stated that about the RV. The RD is being announced to happen no later than January 1, 2013. The RV will happen before then If the RV is indeed to happen before the end of this year. It would be prudent to acquire as much IQD as possible. People should be preparing for their retirement. $1 million is no longer enough to retire on. People will need $10 million or more to survive their retirement years. That number keeps going up after each year.
  20. Oh, that 'term paper'! DaveD, have you seen the new thing from BondLady? Her most recent book: Labor Rights and Multinational Production investigates the relationship between workers' rights and multinational production. Mosley argues that some types of multinational production, embodied in directly owned foreign investment, positively affect labor rights. But other types of international production, particularly subcontracting, can engender competitive races to the bottom in labor rights. To test these claims, Mosley presents newly generated measures of collective labor rights, covering a wide range of low- and middle-income nations for the 1985–2002 period. Labor Rights and Multinational Production suggests that the consequences of economic openness for developing countries are highly dependent on foreign firms' modes of entry and, more generally, on the precise way in which each developing country engages the global economy. The book contributes to academic literature in comparative and international political economy, and to public policy debates regarding the effects of globalization. 306 pages. dang! Mosley, Jagerson and myself against any other 3. I included myself for the delivery of the one-liners. Strategy is to confuse the opponent while making the audience laugh. The audience always likes to laugh. Therefore, they declare us the winner even if we're wrong. As for what's his face, we don't use the "unc bible" for our arguments. Way too unfair for you guys.
  21. And just how are they liable for the trillions and trillions of dinar that they printed? how is it a liability? Nope. Don't know anything about a unc bible term paper. Remember to keep holding onto your dinar. January 2013 will be the time to exchange it.
  22. His reputation is solid. What he says in this forum is unwanted by the majority. Therefore, he receives the most negs. And he keeps on going.
  23. Alan, I'm not sure if your post was meant for me or the general people in this thread. I would say yes to your question.
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