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rockfl9

Lopster
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About rockfl9

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  1. rockfl9

    Where's the money going to come from???/

    Some Dinarians believe that they RESCUED the CBI by LOANING it USD and should be rewarded. Not the case. Actually they siphoned off Dinar from the local market forcing the CBI to have to print more dinar to supply the iraqi economy. That was an unneeded expense to the CBI . The thing you need to consider is will they ever buy it back at any rate?
  2. rockfl9

    Let us have a THINK

    The solution is to get the government to live within it's means. Raise taxes and get to a balanced budget . That would be a hard pill to swallow.
  3. rockfl9

    Where's the money going to come from???/

    Hmmmmm, I sense some doubt ! Floridian, IF you want to understand lifting/removing the zeros just look at Turkey or Venezuela .. It is simple take a 25000 note and replace it with ONE new 25 note with the same purchasing power (value). Been done dozens of times before. THe thing the CBI is proposing is NOT to do it all at one time , THis is a new approach. For merchants it would mean mixing the notes in the cash drawer. For banks an extra sorting operation. But no one gains or looses. Chalk it up to experience.
  4. rockfl9

    Where's the money going to come from???/

    I think it will be a while. They just went thru the trouble to print more of the 3 zero notes to buy more time... We have sen this before they let the old notes get too worn expecting to be able to RD but they cant get the support from the GOI. So they print more of the old with minor changes.
  5. rockfl9

    Where's the money going to come from???/

    I knew that. The IQD is not worthless in Iraq ., So far all Iraq has is oil and gas , it doesn't even produce enough food to feed the people without importing 90%. Inside Iraq the dinar is doing OK. The only problem is that the smalls wear out quickly and are expensive to print. An RD and coins will solve that problem and they know that. The concern dinarians should have is if they do RD how will they get ANYTHING for their dinar !! i.e. Will the dealers still be in business?
  6. rockfl9

    Where's the money going to come from???/

    You are welcome Floridian... With the sell off yesterday there are some goodies that I believe got caught in the downdraft .. I have picked up a few this AM. But learning from your experience with the dinar I am going to suggest that you only invest in something YOU understand . OR as AM suggests consult professional advice. I would share my picks BUT I am not a professional. I don't think you will sell any dinar. You will hold on till the crash .. THEN maybe you will remember Ole ROCKFL .. Yeah I live in Florida too, Almost 40 years now.
  7. rockfl9

    Where's the money going to come from???/

    As I said earlier this speculation (con game) is a theater of the ABSURD.. I am amazed at the number of people who really believe that they will become rich in this thing ! Don't you see that the GURUS ( likely supported by dealers ) are stirring the pot over and over to keep up the hype and of course create more dinar sales .. RV next week over and over but no RV, RI. The expectation of becoming rich with such a meager investment is mesmerizing. The trillions of dollars this mythical RV would require dont exist and cant appear out of thin air.
  8. rockfl9

    Where's the money going to come from???/

    SD is close.. 80 trillion dinar at 10 cents per dinar is $8 trillion USD! The CBI has about $55 Billion in reserves . Simple accounting says they would be BANKRUPT ... WHY would they even THINK of doing it? THE GURUS are trying to put out the line that the CBI could simply SET the rate it wants , then DECLARE the dinar Internationally trade-able . The rate would show up on FOREX , Then BOOM the banks would start buying dinar and it would not cost the CBI anything... HOGWASH That is NOT the way it works . FOREX is a supply/demand based trade .. A 10 cent rate would require a large number of BUYERS at that rate and the CBI would have to be one of them. WHY would they pay 10 cents per dinar when they can print a 50K note for 6 cents. The psychology of this speculation is a theater of the ABSURD. Greed run amok is an essential feature of every speculative boom in history . In the frenzy for money, players ignore logic for the dubious but thrilling assumption that they will get rich. A player will believe anything.
  9. rockfl9

    Where's the money going to come from???/

    Pacman csn't read charts correctly, the number is 61 THOUSAND-BILLIONS that is equal to 61 TRILLION. But that has noting to do with the current or future value of the dinar. Such exaggerations , maybe he is training for the presidency. CAZ, how would I get to them before they buy dinar? Usually they get the " get rich overnite , if you buy right now" line. Then they wait 3-4 weeks to try to find out what happened !
  10. rockfl9

    Where's the money going to come from???/

    Not to argue, just a difference of opinion. You have yours. IF your basic question Is why am I here I have answered it . I am here to expose people to the TRUTH. Why would I need to have skin in the game as you say IF I am sure there will NOT be a revalue ( positive that is ) of the dinar,and just want people to know it. A re denomination is possible in any currency with inflated numbers. So is a devaluation. There are 50 Trillion physical dinar and 88 Trillion in M2 , the cbi admits that .. The CBI MUST be able to back at least a major portion of that amount in real reserves. They are barely able to do that at the current rate. CAZ, I sense that you are really a smart fellow and Know all this . I think you have an ulterior motive to see that the RV myth goes ON and ON and ON.
  11. rockfl9

    Let us have a THINK

    As of June 2018 M2 was 88,362,883,000,000 Dinar.... with $55.5 B in reserves , puts the real exchange rate at .00062, EC is correct it is not unusual to cover ALL M2 . Unlike cash where the central bank KNOWS well how much it has issued The financial items included in M2 are too complex and dynamic to be accurately measured.
  12. rockfl9

    Where's the money going to come from???/

    On the advice of my finance instructor of many years ago I will never "invest " in currency. It is a losers game. I am here because some mod thought i am a lopster .. But really I think the present CBI cant put that plan together. Shabibi was going to and i think that is the reason he was booted. So I think they will do nothing for a few more years. You will just have to wait and see CAZ i havent given up on the book,movie/play .. You must agree that NOTHING has happened in the last two years to be able to add anything to the story .. Again I ask " Where will the money come from ?." Everyone ignores that Q but it is the most important one. Everyone just expects to go to a BANK. But where will the banks get it ?
  13. rockfl9

    Let us have a THINK

    That's right! Another thing is the thought that the HCL would be the trigger for an RV. that is a myth. The original HCL proposed that a portion of the SURPLUS would be distributed to the provinces, not the people directly. But there is no surplus , the GOI needs all of it to fund the budget. That is not going to change. We dont know the state of the Iraqi treasury. In the annual budget they always show that all the projected income will be spent thru the entire year but we know from the reports that many of the projects are eventually just cancelled or terminated for lack of funds.
  14. rockfl9

    Let us have a THINK

    EC452.. you are close. There are two "reserves " in the CBI. One is the banks stash that supports the exchange rate . Whenever the bank issues more notes it is supposed to put an amount into that account. That money belongs to the CBI .Then there is the Iraqi Treasury, Oil money goes in and expenses take out. That is money the bank manages for the GOI. The money to buy dinar comes from this account. IF the bank buys back any dinar it will deduct an equivalent amount from the reserve account. I hope everyone understands that Most of that money and gold is NOT in Iraq. That would be inefficient and risky. SD. You are welcome to comment any time . If you like we could make you an "Honorary Lopster" The shortage of small notes will continue to be a problem , so many of them are needed to make change they wear out quickly and are costly to replace. Thus the strategic need to RD and make coins practical.
  15. rockfl9

    Let us have a THINK

    Hello Socal, You have helped to make my point . Real investing requires a look at ALL angles. If you look hard enough every investment has a down side. Play devil's advocate. Weigh the of loss. Even if it should turn out that Dinarians were to at least get their money back they will get cheaper dollars, a loss of purchasing power. One important point with the Dinar RV is ' Where will the money come from ??" The answer must eventually come from the CBI. But we know that the CBI's reserves are s limited. All that oil money goes to the GOI the CBI only gets a commission for it's service. If you think of the dinar as a share of stock in the CBI it is only worth its pro rata share of the banks gross assets. I think the GOOROO POO that RVers believe is that IF CBI were to declare that the dinar is equal to 10 cents US , that some banks will begin doling out cash to buy dinar . NOPE. The bank has to have a customer willing to pay the 10 cents FIRST.. Who would take that risk? pro
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