hfdmedic

Here's a thought: M holds dinar, but the actual value of the Dinar changes daily in Iraq. The following numbers are just to keep it simple: He has 1 US dolar worth at 1175 to 1. It drops to 1165 to 1 he sells. It goes back up to 1175 he buys and sells in the same manner. After 1 week he has increased his holdings by 50 Dinar. 50 Dinar does not equal much, but add as many zeros as you think he may be able to hold and the numbers get huge after a year. The only way he could lose is if the Dinar revalued while he was holding US currency, and if anyone knows when that were to happen he would know. Just my 2 dinars.

1. If I'm reading this right, the tourist represents the tax payer and the hotel represents the government, therefore the hotel employees would represent our Congress. Where were the employees with their hands out wanting their "pork", before the butcher got his! 2. The tourist expected his money back if no services were rendered or the services were not satisfactory. We the tax payers gave up on that long ago. 3. Anyway you look at this the hotel owner was the one who got the shaft. Does anyone really expect that the government would take the shaft on our behalf? 4. None of this takes into account intrest payments, palms greased, lawsuits issued, or any of the other issues real businesses have to deal with.

I was thinking about the duck billed platypus.

He's new and asked a simple question and atleast 2 people gave him (-) for asking. Geeeesh. Could some of us please show a little couth.

Wellllllll, we're all waiting.

Floridian: it is so far down on this line that most may not see the question. Start a new topic under this heading and I'm sure you will get some answers. If you get some negative responses do what I do; slap a (-) on them and ignore it I have not heard this rumor about the end of the year.

WOW Ask a simple question and.......... If I had known I was going to get such great responses I would have asked weeks ago. THANK YOU ALL for the information.

cris Dinarisready & GO RV!! Gracias!

This is a simple question that is probably going to require a complicated answer, (funny life is that way too). I have a hard time spelling world economics much less understanding them, but one point of a large rate has been standing out in my mind for awhile and I would like someone to shoot holes in it. I understand that the Dinar can only come in at a rate that the Iraqi economy can sustain, so they are limited on how high they can go, but what about a low rate? One of the continual arguments I have seen for a larger rate is that if it comes in too low, big investors will jump in. Why would this be bad for Iraq? It seems to me that if they were to come in at a low rate on a managed float, this would be huge. I believe most “investors” are like me, I have a “sell point” were no matter what, if the Dinar hits that rate, I’m out. (for me 0.40) So let’s say the rate comes in between 0.50 and 1.00; a bunch of us “small” investors jump out, but a bunch of larger investors jump in. We cash out at the new rate, others buy at the new rate and it hasn’t cost Iraq a single Dinar. I understand that under normal circumstances this would cause a wild fluctuation in the exchange rate, but under a managed float would the rate not be stabilized by the CBI? After awhile the Dinar could be allowed to gradually increase to the preferred rate. During this gradual climb investors would be slowly cashing out as the rate hits what ever their “sell point” is. It seems to me that under this scenario they could “pay” for the initial RV, and then slowly pay off the larger investors. Please feel free to respectively shoot holes in my scenario, that’s why I’m asking the question.

I do respect the position, but the man has yet to do anything to garner my respect.

Qman, you are way off base here....... They don't want the police to have guns either Marriage, nah just live together and still get the benefits prius? isn't that an ..... lasting more than 4 hours? Sand is not where Obama, Pelosi, Reid and Bidon had their heads planted "Republicans want to control your bedroom, Democrats want to control every other room in your house!"

If we're going to follow his logic, how about 12/11/10 at 9am

November 20-27th. (I'll be out of country, with out my dinar in hand)

Speculation is not for everyone. Some think it will happen, some say no. Here is my own example and how I stuck it to myself. There is a company out of Alabama called Health South, they own hospitals, rehabs and other things related to medicine. Several years ago they tanked, their stock dropped below 0.10 a share. I had the money and opportunity to buy 10,000 shares at .12 a share and was talked out of it by a nay sayer. That purchase today would be worth, $186,700.00. I realize that the numbers are possibly bigger with this speculation, but the idea is basically the same: buy at the lowest you can, sell at the highest you can. It may take 10 hours, it may take 10 years, but I firmly believe we will make a good sum off of this investment.