JJ7

Precisely

I'd say the 4 camps are: 1. Those that have been scammed and still believe in the scam. 2. Those that have been scammed and no longer believe in the scam. 3. Those that haven't been scammed. 4. Those that are doing in the scamming.

Iraq didn't have inflation under control in 2003. If you go to: http://www.tradingeconomics.com/iraq/inflation-cpi you'll see that inflation was double digit until Jan 2008, exceeding 60% for 2007. If they'd lopped in 2003, they'd still have to lop again after they got inflation under control. Lopping while inflation is still out of control is just kicking the can down the road, it isn't actually a solution.

I guess it isn't working that well, the vast majority of people here believe numerous guru lies, including the biggest one: that it's possible for the IQD to increase in value by 10,000+ percent.

Interesting that negative truths are "disrespecting the site" but positive lies aren't.

I know. It's extremely improbable.

There's no ifs about it, there are MANY trillions out there. If there weren't, you wouldn't have: 1. 25,000 notes as common as cat dirt. 2. Literally hundreds of millions of dinar on eBay on any given day. 3. Dinar trade selling 500 billion in just 2011. Even a 3x appreciation is fantastically improbable. There's really no reason it would happen and it wouldn't really benefit Iraq at all, it'd actually hurt them.

Why does Iraq need 750 billion in currency? That would give Iraq over double Saudi Arabias currency value while their GDP is about 1/5th Saudi Arabias. There's no reason Iraq could, would, or should have 750 million in M2. I suggest you do some research into currencies and economies.

Maybe Frank, or Delta, or Breitling, or maybe a little from all three, or one of the dozens of other pumpers over the years. Doesn't really matter, as its 100% false.

He did. To as much as an extent as any other president ever had. So the question is, why are you asking him to prove himself more than any other president has?

Iraq, the only country on the planet where 9.4% economic growth somehow makes people think 10,000% of currency appreciation is likely. Good lord.

The average time to build a new large mine is over 10 years, and that's AFTER it's been discovered and adequately quantified, which can literally take many decades. For Iraq to produce enough precious metals to equal even 1/100th their oil profit would take many decades. Plus Iraq doesn't have the money or the technical knowledge to do it themselves, and most of the world class mining companies don't seem very interested in Iraq when there are other countries that are easy to do business in that have plenty if unexploited deposits. It isn't a different story. Iraq will never produce 20 billion a year in metal sales, let alone the 100+ billion you're hypothesizing about. I guarantee it, and I'm sorry, but I also guarantee I know a lot more about the industry than you.

You remind me a lot of sonny1. He managed to sound arrogant despite knowing absolutely nothing about economics and investing.

Turkey had 10 times the GDP of Iraq and double the GDP per capita of Iraq. Another way it don't happen is where the dong increases massively in value. There's absolutely no reason it would.

Except they kinda need ALL that 150 billion a year to run the country. That and no one on the planet would loan them trillions of dollars. Other than that, you're right on target.

If you're talking about the ability to RV the dinar, then how many dinar they've added to their M2 is what is relevant. And the answer is: over 40 trillion. For some reason it seems like you're only capable of looking at what each unit is worth, and ignoring how many units are in circulation (like when you talk about what the VND is worth 50 years ago, and ignore the fact that there are now quadrillions of VND out there). Why is that?

It's about 40 trillion dinar. Iraq isn't printing dollars. Their M2 has more than doubled.

How much has Iraqs M2 gone up over the last 5 years?

Its pretty simple. Before the Vietnam war they sent have 3 quadrillion dong in their money supply. It's the most basic principle of economics, the more there is of something, the less it's worth. Do you not understand that? Didn't have, not sent have, stupid phone.

He just did. And he's right. Yes, really. Saying something could happen is VASTLY different than saying something is happening. It's your opinion that Iraq is soon going to be producing a hundred billion in gold a year? That's not a pumper style statement? Please. For someone that brags about all the research they do it certainly seems that you failed to do any here.

Seems like the articles are saying "could" and you're saying "is". A pretty important distinction. And the articles are wrong anyway, the math done by others in this thread essentially proves it.

Can't find your caps lock key, or trying to emulate your favorite gurus? How much did we get paid back for the Vietnam war? Korea?

You really need to stop saying this, it's completely false.

Chicago had 532 murders last year. Iraq has about that every month.

SWFG, wasn't it you that relatively recently said something along the lines of how you thought Iraq could support a rate that was something like "1/100 of a barrel of oil + 1/6th a USD + 1/6 a euro + 1/6 a GBP"? Or am I thinking of someone else? Pretty sure it was SwFG that said what you're complaining about, not Sam.