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Newbster

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Everything posted by Newbster

  1. I don't have the link for the proof, but wasn't it the Leu?
  2. As has been stated many times about that article referring to the imfamous $2.50 value, they are not saying they could support a rate of two dollars and fifty cents, the article stated they have approximately 2.5 times the value of USD's in reserve (80 billion) as iraqi dinar that equal that value (33 trillian/1166 = roughly 28 billion USD after conversion). With that being said, even a jump to 412.5/1 would be incredible, which is what they claim they cover on USD reserves alone (the math comes down to a roughly 2.826 multiplier coverage. 1166 divided by the 2.826 = 412.5). The fact they can cover this with USD alone is a good sign, but please do not keep getting this confused with an RV value of two dollars and fifty cents, that is not what that article was referencing.
  3. I'm not sure I follow this one. The article stated they have 80 billion USD, and that they have approximately 2.5 USD's worth in reserves as there are currently dinar in circiulation. 33,000,000,000,000/1166 = 28,301,886,792.45283 (This is the value of circulated dinar converted to USD) 80,000,000,000/28,301,886,792.45283 = 2.826666 (This is the multitude of which the value of the dinar can be increase and still be covered) 1166/2.826666=412.5 (This is the value that the dinar would be able to handle on USD reserves alone to the dollar. 412.5 dinar to 1 dollar). How would they be able to back 33 trillian dinar turning a value of 1 to 1 with only 80 billion USD, let alone 2.5? that would mean they are secretely holding an extra 32,920,000,000,000 dollars somewhere. (98,920,000,000,000 for a 2.5/1 conversion). Anyway, that's enough maths... I'll save any other posts I make about this article for the thread relating to this article...
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