popo24

SFMedic, Frank26, and Phoenix are not a part of this site and do not post here. They are all on their own sites (at least the first 2) and what is posted here is brought from their forums, and that was brought from their chat rooms, not the chat room on DinarVets.com. They probably do not read the posts on this site either. What they say and how they act is in no way reflective of the morals or standards of this site and should not be taken as such. What this means is that if it seems like a dictatorship, and that is more towards SFMedic, then its for their site and not this one. You are not forced to listen to or believe SFMedic and you are able to disagree with him, or others, on this website without fear of being banned. The posts that are brought here are done so by people on this site that frequent the other sites and copy it over. I think that about sums it up. Have a good day.

The context of the article wasn't what was in question here, its the LOP in general. Well, it was, sort of, but the question is why can't a LOP happen.

Yes it can happen, that is probable, it doesn't hurt other countries, and it doesn't hurt the Iraqi people, but it does give the countries a return on their investment with them and gives the Iraqi people more purchasing power.

This made me laugh. lol

Why does everyone say a LOP hurts the Iraqis? lol

How about you get the picture before giving it to someone else. In order to have a money supply similar to that of other gulf nations, Iraq will have to LOP at least 1 zero, and I would say 2. Though they don't have to, I'm not sure how its going to pan out otherwise, but we will see. LOP does not hurt the Iraqi people at all, rather they could LOP 3 zeroes then reval up 200-600% and we make that much money and the Iraqis have that much more buying power. Nobody loses in that scenario so please don't preach like its the end of the world if there's a LOP.

Medic isn't a part of, and will never be a part of, this website. Now if you were on his website, then yeah you'd have to listen to him if you wanted to stay, or at least keep quiet about your disapproval.

Raiders of the Lost Dinar

Medic is quite full of himself. Not sure if he is being agreeable or smart? Medic apparently feels very threatened whenever someone challenges him, or when he feels challenged, even though this was nothing like that.

Fixed it for ya.

Really, Deacon? 4 posts? Did you even read the thread?

And what have you brought to the forum?

By your reasoning, Iraq can afford to RV, but at a rate of $3.86? Not even close. Your reasoning is only showing that Iraq could RV at a rate of maybe $.01.

Millennia.

LOP is not historically out of the question, and its not there to 'combat' inflation per se.

Nobody seems to want to answer the money supply issue. I get your point about other countries holding their IQD for an amount of time so their economy doesn't crash, however they still have a lot of dinar in circulation. I believe it is safe to assume that there is anywhere between 15-45 trillion dinar in circulation. Put that at 1:1 and its bigger than the US economy, put it at 3.86:1 and you've got something that's about 1/3 of the world economy, or more.

Not to burst bubbles, but they have all been wrong before. Not so sure on the Adam part seeing as he likes to keep to himself a lot, but the others have all at the same time. I would like for it to happen this month, but I'm not going to hold my breath.

As his original topic suggested, nobody has yet to bring forth 'real' info on past RVs and time limits. Some have mentioned that Kuwait had a time limit a few times, but I have yet to actually read anything, and I'm still skeptical about the whole Kuwait thing in general.

All but one, but sure, move on. =)

I agree. We can just agree to disagree on what can/will happen when it goes. Really, its not worth either of our time to debate it at this point.

It is, yet at the same time you must realize that this is a public forum and certain etiquette should be adhered to.

My point was about people presenting the deadline as if it were a fact, which it isn't. It is exactly what you said which is speculation. If people are wanting to present it as a fact then I would like to see some facts to back it up, that's why I asked, because there are no facts for it that I am aware of. Sure the IQD is a unique situation, but what's going to happen when people don't meet their 'deadline'? I gave an example in another thread. Only example numbers, not literal. Say theres 20 trillion dinar in circulation, 5 trillion of it is 25k notes, they put a deadline on it, only 3 trillion of the 25k notes are returned, do they just right off the other 2 trillion or do they come from their country over to yours with a spiked back and demand it? I just find it hard to see that happening, not saying it can't. Edit: Unless they just don't care about getting it back and they give a deadline so they can get as much as they want as well as providing a courtesy, unless its a law. 25k dinar is worth 25k dinar, I don't understand how it can just all of a sudden become worthless while other notes persist. And no, sorry, I have never heard or read of a deadline for currency exchange unless one currency was being taken completely off the market and being replaced with another.

Like Kent said, its not an RV forum, nor a LOP forum, its just a dinar forum.

If the IQD goes out onto the open market like so many other currencies and can be traded then why would there be a deadline? If its on open market then you can buy it whenever you want at whatever rate its at, it doesn't make sense to say that people that bought before a RV/RI will have to trade an internationally traded currency whereas people that bought after won't be affected. I haven't heard of this before with another currency. If you want to talk about higher bills having a deadline when they are taken out of circulation then let's talk about the USD $1000 as an example. People still hold those bills today even though they were taken out of circulation for being too large and they can go to a bank at any time and trade it in for smaller bills. I don't know why IQD would be any different. Its also not always proposed as a speculative idea, some people post it as fact and get many worried about a time line to trade currency. That's my personal opinion.

I don't know for sure that he meant Adam Montana as there is another Montana on his site he could be referring to. I also know that Sonny1 was one of the key people on medic's private site a while back, don't know if that still applies.