popo24

I'll help you out here. Let's use round numbers. Iraq exchange rate is .00085, and 25000 dinar = roughly $22 USD. Lop 3 zeros (or decimals is another word) and you have exchange rate of .85 and 25 dinar = $22 USD.

TLDR. You can't assume that when they say '3 zeros' that it is only the notes that have 3 zeros. If they lop 3 zeros, then you can replace that with 3 decimals. 25000 becomes 25, 1000 becomes 1, 250 becomes .25, and then they have new notes to reflect these changes. Why do all the anti-lop people get so upset when its mentioned like its supposed to be common sense, when its really much more complicated than anyone here thinks.

I think more people need to really read and understand this thread.

I am open minded towards all possibilities, however that won't affect the outcome, whatever it may be. I've seen factual data support a lop, lop/rv, and an rv. With the way I understand Iraq's amount of circulated currency, an rv just doesn't make economic sense to me. Of course, I don't know everything and I know there's a lot of factors nobody knows about concerning that. I am also not for a lop, but a lop/rv makes more sense to me, but, again, in the end what you or I think won't matter and hopefully we will all be happy.

Kent please make another thread concerning the historical facts of a lop. Hopefully we can shed some light on how it works. Too many people have been brainwashed, per se, by all the 'experts' that are talking about it.

Take a few people that everyone listens to and have them all say the same thing. It then becomes fact to all who read it whether or not it was originally based on facts or not. Which, the whole 'lop when its high inflation' thing is not based on 100% fact. There are a lot more variables than just inflation. Kent has gone into deep explanation of this with facts behind it to prove the statements.

Really, and how do you know this for sure, 100%, without a doubt? Please take a chill pill. We aren't 'confusing our own self' as you say, we are, rather, taking in all options so either way we won't be disappointed.

Lost me? You didn't lose me. You however seemed lost in your disillusions of grandeur. Sure that return is pennies to us, but a return is a return no matter how you look at it. Your math is fine, my math is fine, the problem comes in with whether or not there's going to be a lop. You were making it out to sound like the US Government would be losing out on money, which a lot of people mistakenly believe, instead of actually gaining some no matter the amount. Go take your arrogance somewhere else. There's room for more than one opinion in this world.

I'm happy to see that someone else gets it too.

I'm sorry but that isn't common sense. If the US holds 5 trillion dinar then that's only 4.2 billion worth of USD in dinar, if they lop 3 zeroes and its now 5 billion dinar, guess what, US still holds 4.2 billion worth of USD in dinar. Then let's reval up to $3.44 (that's 400% increase) and we now have 16.8 billion worth of USD in dinar. That's a big return no matter what way you cut the cake. Of course, its nothing like 5-15 trillion worth of USD in dinar if they just did a reval with no lop, but that can seem ridiculous and unrealistic. However, anything can happen at this point. Just some common sense for ya.

I don't think you are comprehending this. If there is a simultaneous lop/rv as I have shown in my last post then the people of iraq are gaining money, 4 times the money to be specific.

I mean this in no offense to your intelligence, but the general consensus of this is way off. If Iraq lops 3 zeroes off the currency, then that's also lopping 3 zeroes off the amount of dinar they have in circulation total, and their exchange rate. Let me give you an example. IQD exchanges at $.00086 with 20,000,000,000,000 (20 trillion) dinar in circulation. Iraq lops 3 zeroes off their currency, in essence moving the decimal to the left 3 times on all of their notes which include, but not limited to, the 250 which would become .25. This decreases the amount of dinar in circulation down to 20,000,000,000 (20 billion), and changes the exchange rate to $.86. Their 25000 dinar note which was worth about $25 is now a 25 dinar note that is worth $25. This really doesn't change their value at all or give them more purchasing power, all it does is change the face of the currency. Then, when they are at .86, they can reval up to a rate similar to other gulf countries, let's say $3.44. That is a 400% increase, and now their 25 dinar note is worth $100, or, their previous 25000 note grows from $25 to $100. This helps the Iraqi people, but is only one way to do so. We are, of course, all hoping for an extreme valuation.

Almost everyday I come to realize more and more how many things nowadays should not be the way that they are. Politics of all kinds have found their way into all manner of places and its turning just about everything into a game. Just keep playing, unless there's something you can do about it. =) Edit: I've been there, and I've done that. I've been banned from sites 5 times for dinar, twice from Medic's private site. I would just really like to get to a place in my life where I can make my own rules instead of living by someone else's.

I partially agree with this. Specifically that most people have tunnel vision. The majority of the public does not invest personally and does not want to because its not a 'right now' return or a get-rich-quick scheme. Looking at 10s of thousands of percentage return on this makes it out to be a get-rich-quick scheme and has brought so many people who are otherwise not investors on board with it. When you mention that you may get 200-300% increase, which in the investment world is really good considering the amount of time most have been invested, as a worst case scenario then people start to lose it because to them its not an investment at all.

Sounds kind of off the wall, I'm sure there must be a bit more to it than that.

There's nothing negative about doubling or tripling an investment. However, people didn't buy in to get a 200-300% increase, and suggesting such doesn't tickle ears enough to maintain interest.

Simple. Stores in America will not take a $100,000 bill at the cash register despite what it is worth. Whoever has the bill will be advised to go to the bank first, or to pay with a different note, or with a card. Edit: Oh sorry I misread what you said. Yes, they are either going to increase the value or lop zeroes and redenonimnate completely either first or at the same time.

Its posts like these that make me hope that it is sarcasm, but then leaves me disappointed.

Uhm, what? Nobody's 'sources' have been right thus far so what would make yours better than anyone else's? Who are you to tell someone what to do, or to insinuate who they voted for like its an insult? The fact that anything is being done is positive, and I am posting positive. Just because its not something that tickles your ear doesn't mean its not positive. I am looking at hopefully a 300% increase or more if it lops. That sounds pretty positive to me. And I don't know what you all know about lops, but its not a devaluation at all. It changes the face of the currency and increases the value of each note without adding additional wealth to the country. It does not devalue the currency at all. If 25000 dinar is worth 25 dinar after a lop, then a 25000 dinar item is worth 25 dinar after the lop. Of course something still needs to be done afterward and I am hoping for them to increase it with a reval after this happens, if it happens. Please don't act like a know-it-all if you have no clue what you are talking about.

I know what you mean. I've learned largely to keep my opinions to myself when it comes to chat for this reason. Hopefully we won't have to put with all the drama soon. As I always say, the RV will happen at the same time for everybody so in the end it won't matter who says what and who was right or wrong. Medic's site is dinar speculator.

Not really, no, but it may be required for them to have it there.

Ok, so if they leave it as is today, or lop 3 zeroes today, what's the difference? Doesn't seem to be a very valid point.

I like the old classic 'stop being so negative/pessimistic' when really I'm just being real. I got banned from Medic's site around September last year for saying that we may have to wait until its closer to elections. Look where we are now though.

I didn't know you had to post several times about the same thing in threads that have nothing to do with what you just said.

I didn't know you had to hijack threads to get them.