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DaveD

Lopster
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Everything posted by DaveD

  1. 7-13-2012 SWFloridaGuy: It's no secret that the IQD's current rate was government imposed and is grossly undervalued Governemnt imposed huh? I guess you could say the Gov imposed hyperinflation. “This report was originally prepared at the request of the Senate Committee on Foreign Relations. With the Committee’s permission, it is being made generally available for the use of Members.” During the 1990s, a period of hyperinflation occurred. The government continued to print money to meet expenditures while economic sanctions shut off the supply of imported goods leading to a classical monetary overhang. A yearly inflation rate of upwards of 2,000% per cent was reported in open market food prices between 1990-1991.36 Another source estimated that inflation increased 5,000% between 1990and 1995. grossly undervalued??? Not according the International Monetary Fund A report on Monday by the International Monetary Fund (IMF) suggests that the Iraqi dinar is currently fairly valued at 1170 dinars to the US dollar: The CBI [Central Bank of Iraq] will continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate. The low level and the relative stability of inflation do not suggest any significant over- or under-valuation of the Iraqi dinar.
  2. That’s a pretty elementary question for a guy who I think claims to have gone to Harvard.
  3. And you believe that propaganda b.s. What an automatron tool you are.
  4. I in no way said it was legitimate. I think anyone who has bought it and is still holding dinar has fallen for a scam. You have been duped. Look at the title of this thread.... No lop, no lop, SMOKESCREEN. Gurus and RVrs for a few years now have been saying all these delete 3 zero article mean a big RV... not a lop. Now that the articles are getting more specific and harder to twist, many are coming to terms that all the delete 3 zero articles indeed are talking about a lop. Now they have simply latched onto your line of thinking. Smokescreen, propagande, whatever. I would call it ludicrous, not legitimate. I've been trying to get Sans to answer that question this whole thread. The best he came up with was Germany... but they lopped. Ouch! Then he simply said he didn't want to be the one who missed out on the RV. Now that's some serious analysis there. Sans sounds like a scammers wet dream.
  5. The only people talking about a big RV are scamming gurus. You don't believe the media, IMF, CBI, World Bank, U.N. but seems you were taken in by dinar pumper propaganda... and just aren't smart enough to figure it out yet. You'll be one of the fun ones to listen to when this all plays out. It will be interesting to see who has the guts to hang around when all is said and done. Saw a guy on an Iraq news site the other day who has come to terms that this is a lop. He had no bad words for any of the gurus or dinar dealers. He was major po'd at the Iraq Gov because it was they who were scamming him out of his money.
  6. It will take 1000... that is what the lopping of 3 zeros means. It's from the exchange rate and the money supply. They have 30 some trillion in circulation now, they have another 30some trillion in electronic bank accounts. They issue a new currency. All bank accounts will immediatly be lopped by 3 zeros. 1 miilion dinar will become 1 thousand dinar. (notice, lopped 3 zeros) The new dinar will be worth .86 as apposed to .00086 (again, lopped 3 zeros) All old cash dinar will be exchnaged for new dinar. 1000 old given to get one new. (again, lopped 3 zeros). they start witha money supply of about 70 Trillion, they end with a money supply of about 70 Billiion. (again, 3 zeros lopped) Their $60 billion in FX reserves now support those 70 Billion dinar at a rate of .86 instead of supporting the old 70 trillion dinar at a rate of .00086 (lot's of lopping 3 zeros).
  7. I think any big RV of the dinar is a scam. I think anyone pushing a big RV is part of the scam or profiting from it. Therefore I’m on dinar boards talking about it. You believe the media is controlled. That they and no institution can be believed. Why did you pick a dinar board to fight this fight on? The majority here somewhat believe your line of thinking. There’s only a few of us who do believe the reports about the dinar. You decided it was us five people who you need to spend your days informing… of misinformation?
  8. It’s not your whole argument. It’s only half an argument. You only use that to beat down any information you don’t like. All while refusing to state any info you do like. The reason being you would look like a fool for saying all info is bad, then try to present your info as sound. As loppers we are constantly confronted with attacks on our existence on dinar boars. Guess what… dinar boards are for discussing the dinar. That’s what we are doing. I normally would not do the same to others, but I have to ask why you are here? To you ALL information is not trustworthy, so what have you possibly based your opinion to be in the dinar on? How do you possibly invest money in something you have no clue about, because you don’t believe anything? If we dispute a claim made by a pumper/guru/RVr, it is demanded of us to provide proof. A link. We provide links, we provide proof… then the source is attacked. Gurus make wild ridiculous claims on a daily basis with not one single shred of support to back them up. It’s gobbled up as fact by the same people who demand we provide evidence of our claims. To call us the “Automatons” is this fiasco is truly mindboggling.
  9. You do have that right. But it does make you look silly to attack others beliefs and sources while refusing to divulge your own… except for near 100% media manipulation and CIA mind control. Which only adds to how silly you look.
  10. Then I suggest you don't comprehend the magnitude of 100,000%
  11. So you don't think a group of "so called economic experts" could come to a consensus on whether a currency is 100,000% undervalued or not? How about a little perspective for goodness sakes. We are not talking about if something will drift up 2 or 3% or down 2 or 3%.
  12. Again. Please tell us what you think about the value of the dinar and from what source you derive that opinion. You refuse to answer the question. The only thing you have stated in this thread was a similarity to Germany. Well... Germany lopped.
  13. WOW! Simply wow. Your post are making more sense now. Speaking of total nut jobs. Have you seen that latest Not-So-Breit bs claim posted upstairs. That Iraq can’t lop because they got an IMF loan. What an absolute moron. A professor of economics at a major University did a study of all lops and this is one of the things she found. Hypothesis 2: Redenomination is more likely following a period of high inflation and a subsequent stabilization. A dramatic downward movement in inflation increases the probability of a redenomination. This is particularly likely in countries that are more open to international capital flows, that are under an IMF adjustment program, and that have politically independent central banks. Amazing that people still follow that clown.
  14. I fully understand precedent. But it seems you don't understand S----T----R----E----T-----C----H
  15. You’re the one who used Goebbels to compare what might be going on in Iraq right now. Not sure how I missed the point. I see no condemnation from you about gurus pumpers and RVrs constantly pushing known false information as fact. Most dinar sites would make Goebbels proud with their control of information. But every article you don't like from legit news services, you scream propaganda. And I'm the hypocrite... thanks for the laugh.
  16. It’s funny. The latest News Story linked at the top of this site is a fabricated self-promotion piece from dinar trade. They wrote it on PRWEB. PRWEB is a site you pay to do your own press releases to make them look official. I could pay PRWEB, state that up is down, and it’s official. How they got it linked to Yahoo News is a question for people that know the web better than I. This is the same exact thing that happened years ago with Pres Order 13303. The actual order had absolutely nothing to do with people buying dinar. Yet some scammer wrote a press release on PRWEB claiming exactly that. It became gospel for dinar gurus and pumpers and RVrs for years. So here we have known examples of dealers and scammers controlling media… yet Sanssouci is linking the entire Arab press to Joseph Goebbels. Only in dinarland my friends.
  17. You ever hear the term... "It's the least dirty shirt" 20Mill might be right. But I don't think I would short the Aussie Dollar. And never discount Big Ben's ability to throw a monkey wrench into any plans.
  18. Look we’ve gone over this many times. Iraq, the UN, IMF, many other sources claim Iraq has an M2 of just over 70 trillion dinar. A 1:1 RV of that amount would give Iraq more currency than the rest of the world combined. Knowing how absolutely preposterous it is to claim such a thing will happen, you guys now claim the numbers must not be true. Even though the current amount of dinar at the current rate puts Iraq exactly in line with all the other countries in world when comparing money supply to GDP. In order to support this huge RV, Iraq must be lying about the amount of dinar out there by a factor of 1000. That would mean they only have about $70 million worth of dinar now. Anyone who understands economics would know that is absolutely impossible, and just as preposterous as them RVing to have more currency than the rest of the world. Sometimes I wonder if you guys understand the magnitude of 1000 times, same as 100,000%. That is a MASSIVE difference. If you were trying to convince me that Iraq was lying by 20 or 30%, or even if they were getting crazy and fudging the number 100%. I could buy that. 100% is only 1 time. 30% is .3 times. To think that the Iraqi dinar has been out there for 8 years now, and for 8 years they have been fudging the numbers by 100,000% is a nonsensical thought. It’s beyond fairy tale status. So tell me the numbers are off by 100% (highly unlikely) and the dinar will revalue from 1/10 of a penny to 2/10 of a penny and I’m all ears. I’d still like to see some evidence of that, but I might believe it. Lying by 100,000%??? Sorry. Unintelligible.
  19. Yikes... that statement shows you have zero understanding of economics and how a money suppy supports an economy.
  20. This goes right back to my original post for this thread. There is a major split in the dinar community these days. A number of the gurus still believe every word of these delete 3 zero articles, but they think it means a 100,000% rv. Many people follow this line thinking. Just look at the latest article posted in news today. Then there are a few gurus, and a number of dinar holders who have come to realize the delete 3 zero articles are indeed talking about a lop. They use to believe the articles, but now they claim the articles are just made up lies to cover for the “can’t be talked about” impending big RV.
  21. Of course I know politicians and governments lie. But the lie being claimed here would not be sustainable. They simply could not be lying about the numbers by a factor of 1000. Again… for Iraq to RV to 1:1 and have a money supply number to GDP ratio anywhere near every other country in the world, they could only have about 200 billion dinar at max. Point to something that makes you believe the money supply could be that low.
  22. Your free to call bs all you want. I just wonder what you base that on. Iraq currently has a $100 billion GDP. Their reported (BS to you and others) M2 is 70 trillion dinar... that means they have $70 billion worth of dinar to support their $100 billion economy at this time. that put them right in line with every other country in the world. If they are lying about their numbers by a factor of 1000 (which would be the case if they were to RV to 1:1), then they would only have $70 million in currency at this time. Do you really think they are supporting a $100 billion economy (GDP) with only $70 million in currency. So again... you can call bs all you want. you don't even need a good reason to call bs as far as I'm care. I'm just saying that you have to have a money supply nummber in mind to form a valid opinion on the value of the dinar. What number do you have in mand and what is the source for the number? Without a number you might as well be throwing darts. You can't just look at Kuwait and say they have a $3 rate, therefore Iraq needs a $3 rate. (though that's the level of research many have done). Kuwait only has 1 billion dinar n circulation. ONE BILLION. That is 30 THOUSAND times less than Iraq's reported (or bogus) numbers.
  23. Based on looking at just about every other country in the world. And comparing their money supply numbers to their GDP. The highest I ever saw was a country with a money supply 2 times their GDP. Most countries have less money than their GDP. But let’s put Iraq right at the very top like you guys think they should be. They have a $100 billion GDP, so a $200 billion money supply would put then at the top of the world in that comparison. A 1:1 rv would mean a money supply of 200 billion dinar. Do you have a source that shows 200 billion dinar as Iraq’s money supply number? They would have to be cooking the books by a factor of 1000 for you guys to be correct. If they only had 200 billion dinar right now, that would mean they only have $200 million worth of dinar in circulation.
  24. Without knowing the money supply numbers, absolutly no opinion can be made about the value of the dinar. My opinion is based on numbers reported by the CBI, the IMF, and now near a hundred news articles where economist, CBI officials, Parliment members, Finance Committee members, and others have quoted those same numbers. What number and from what source are you and other RVrs basing your opinion on? Simple question.
  25. When the CBI first post the numbers they are highlighted in yellow. That means they are preliminary. They then adjust them to the actual number weeks later when they get bettter info. That seems like a lot of trouble to go through to report fake numbers.
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