ReVbo

+1 Sure hope you're right, fnb.

Why don't you fools just do the national conference today, and then, you wouldn't have to look like freakin' idiots in front of the whole Arab world?

Looks lke the rate is $857,632 to a dinar. We're all multi-trillionaires! I'm buying Greece. And a boat.

I'm not sure I should say anything, because I don't speak Arablish, and I'm kind of a noob, but it kinda sounds like they're talking about a common Arab currency, too.

It'll be the tastiest crow anybody's ever eaten. Unless, or course, Okie was right all along. Now, THAT would be some tasty crow.

NBC

Is it the same email others have gotten? Would you post it?

I have 3 dinar. What can I buy with that?

Actually, 5:30 works better for me. Can we move it up a little?

I'm so confused. All from the same article: -Maliki calls preparatory committee to hold National Meeting after Summit (After the summit) -PM Nori al-Maliki called the Preparatory Committee for the National Meeting to finish its preparations to hold this meeting as soon as possible. (As soon as possible) -“We renew our calls to hold the National Meeting the week precedes the end of the Arab Summit,” the statement added. (Before the summit) -Preparatory Committee’s members anticipating postponing the National Meeting till after the Arab Summit because they need more time to determine the agenda of the meeting. (After the summit) Four sentences and a headline, and they all say something different. My head hurts.

I came across this article when it first posted, so I'll just post my original response from another site. 3 problems I see with this article: 1. It's a fixed exchange rate now, and not internationally traded. Central banks with fixed rates of exchange have the ability to revalue or devalue their currencies. Why would anyone pay more than the fixed market rate? So, the market argument is bogus. 2. His argument that the dealers, if they really thought it would revalue, would be hoarding dinar is ridiculous. I'm sure they've all got a nice little personal stash, but they have to make a living in the meantime, so they make money on a spread. That's the same argument we hear, all the time, about precious metal dealers. Sure, Goldline thinks gold will appreciate in the future, but it's a business, so they sell their gold at a spread, and Goldline continues as an ongoing concern. If you think any product you sell is going to appreciate, why aren't you hoarding it, Brian Hancock, CFP? 3. Why did Forbes Magazine, a world renound financial publication, with contacts in literally every corner of the globe, have to go to little ole Birmingham, Alabama, to find some small time financial planner to call this a scam? I've lived in Birmingham my entire life, work in finance, and have never heard of Timberchase Financial. Couldn't they find someone at, say, Goldman Sachs, or the currency trading desk at JPM, or an economics professor at Princeton, or freakin' Paul Krugman, for that matter? Furthermore, why would they ask a financial planner? Those are the guys who sell insurance products and municipal bonds to old people and mutual funds to 40 hour a week employees. My bank manager friend, who works in the ritziest part of town, tells me she's selling piles of the stuff to Birmingham's rich and famous. She's at least as good a souce as Brian Hancock.

I'm hoping for the yet-to-be-written Email #4, wherein Adam finally admits Okie was right all along, and the real number is 22.74 to the GBP. Hi, everybody, by the way. I'm ReVbo. Good to meet you all. Been hanging around, learning from the adults in the room for a couple months now.