rt59

Food for thought....How long would it take Iraq to pump one trillion dollars of oil out of the ground? Assuming they are maxed out at about 12 million bls a day (some where down a bumpy road) and at the current price of about $91/bl. How much of an RV or RI or what ever could that level of output support? I am guessing about 3 years....put that in your pipe and smoke it and see what kind of value the Dinar will support.

said enough..

look sonny1, I will admit that I do not know anything about selling currency, but what does that have to do with what you implied from your conversations with Ali (that he works for the treasury)? I know it is not the truth, because I called them, just to make sure. If the rest of you don't believe me, call Dinar Trade! Ask them if Ali works for the Treasury. Why make up stuff..what is it for? sonny1, did you get your warning for calling me an idiot from the site police? Because I got one for saying that you were not telling the truth and you are a mod.

reporting to them is required because of what he is doing..he does not work for them. what you are saying is misleading people... I have to report to the IRS, but I do not work for them.

Thanks lancer22. Just going by what DT web site shows "Dinar Trade is approved as a licensed Currency Exchange by the Dept of Treasury since 2004." Agree, he did register too.

Just a warning peeps..this stuff about Ali working for the Treasury is a bunch of pooh pooh! Sonny1, why don't you call Ali and tell him what you said and see how quickly he demands that you post a retraction? He is licensed by the Treasury to sell money or securities and does not work for them. This is pure and simple pumper hype..wake up folks and be careful what you believe, because you are not getting the truth from this guy! Get a life!

But Kent, who cares what you think. We only want to see info that supports a really high RV, don't we? At least we will feel good until the real number comes out...falsely! And go buy lots of Dinar, so we will be really really rich! lol

Chief V, Blackhillsportal is a pumper site and makes up all kinds of stuff to get people worked up..do not trust them! You are ok though, just don't make decisions on sites like this. Only spend what you could afford to lose, IMO. Be safe and God bless you!

tuxunder, Nice to have someone join me.. nobody wants to listen..I have the same problem as you. Iraq is not the same as the USA, even with all of there oil..can't get dollars out of a camels butt either. It is going to have to come from some where or a lot of countries will have to be willing to float Iraq tremendous amounts of money for many many decades and hold on to dinars while the oil is pumped and shipped to whoever for a long time. Man I hope I am wrong, and if I am, I guarantee you I am running to the bank and gone before people wake up. Credit is credit, but hard currency will be the problem for Iraq. And I am talking about the kind that the IQD will be converted for!

Enorsste, thx for your response. I lost my connection earlier when I tried to reply, so I will make it short. That was only one of my questions..have no problem with Iraq's perceived wealth. It is the ability to come up with the liquid assets for exchanging currency post RV that is the biggest issue. They will have to have trillions upon trillions of dollars ready for exchange for individuals and countries too at $1 RV. Or many governments will have to be willing to hold there IQD's for many many years for exchange. This means that they are willing to bankroll the exchange in the own countries or Iraq has a problem. Just the individual exchanges will be a big problem even with all of the rumored gold coming back to Iraq. I am not willing to hold my IQD for future exchange with Iraq..what ever that might be. Here is to hoping that you are correct and that I am wrong....come on RV. Let's see what you got!

Yep! What ever primes the pumps!

Yep, what ever primes the pumps!

We have something to back ours..the full faith and credit of the USA.. T bills, bonds etc..they do not pay much but exist for that purpose. Iraq has the future of their oil production, which is growing but cannot support a large RV IMO. Hope I am wrong.

Enorrste, the only way to draw them (IQD) in to eliminate them is to make them worth something, ie an RV. That is the easy part, paying for them is the hard part. You say people (in country) or governments (out of country) will put money into banks or hold in federal reserve. That is fine, but backed by what? $65 billion in gold or whatever won't last a minute if and when the IQD RV's at even a $1. And what government will hold them, probably in the trillions of dollars for redemption from Iraq for goods and services at a snails pace? It would take 10 yrs to redeem one trillion dollars at a 100 billion dollar a year pace. Where is the money going to come from while they draw all of the big bills out of circulation? That is the problem. They have to be converted to something to decrease the money supply. Are they going to give us the lower denomination bills? That won't work either..not enough of them and if you print more you have not contracted the money supply, which accomplishes nothing. Round and round we go..IMO. This is why IMO the RV will come in at a much lower amount..at best .10. But I do not know any thing! We will see and I hope I am wrong but the numbers do not make sense at all. Peace out! lol

Ware Eagle, exactly..but no one wants to address that. They just want to justify a high RV and not look at the monetary problems post RV with at least 25 trillion IQD in circulation becoming worth $25 trillion after RV. $65 billion in reserve is only .0026 % of the value of the IQD in circulation, post RV. Something has to give! $65 billion won't last long after an RV. Are they going to get $ from a camels butts?