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Friday Bytes: The Guru's Do The Math !

DinarThug

By DinarThug,
in Dinar Rumors

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DinarThug Newbie

DinarThug

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CNN. Broadcasting While Licking A Chalkboard. We Couldn't Find An Eraser !

2-10-2012 Guru Doc Several have suggested that the proposed 2012 budget currently being debated does in fact hint to a RV rate in the upper $3+ range. This is assumed by taking the budget of 115 trillion dinar and dividing it by the assumed total dinar of around 30 trillion. Unfortunately this is not how budget or RV value works. The budget is simply an accounting of the expenses of the GOI to operate the country.

2-10-2012 Guru Doc The revenues coming in to pay for these expenses is from oil and the budget assumes 2.6 million barrels/day at $85. Doing the math we calculate revenue to be $81 billion. Now we apply an exchange rate of 1170 dinar/$ and revenues are about 95 trillion dinar or about 20 trillion less than expenses. However in the budget they stated there was around a 20 trillion shortfall and it would be made up from reserves. Simply put the budget being debate right now assumes a 1170 exchange rate. The question is do they have a second budget ready to present post RV? We would be shocked if they did not.

2-9-2012 Guru Randy Koonce I hope everyone realizes it didn’t RV here or in another country...guys, they can’t do it that way...And don’t fall for the banks waiting for the numbers to drop in...it’s not happening…go check CBI, it’ll change that first. National Conference...the newspaper said they changed the name…it’s the National Meeting now. We believe is an important meeting…basically our opinions and shortly after that we’ll see the ministers show up. There’s not going to be an RV until the ministers show up first. That’s a requirement for Shabibi…he wants a complete government...no ministers = no RV.

2-10-2012 Guru Randy Koonce There’s no argument with the budget – 10 cents won’t even give them the dinar for their annual budget in US dollars…the total revenue for Iraq is 26 billion dollars…they want to come out with 89.1 billion dollars (not dinar)…if they say we want our currency to be worth 10cents…that’s only 2.6 billion dinar….they don’t meet the budget. 1:1 – they’re still short…they’re 3 x short. The easiest way to see this – divide 26 billion into 89.1 = rate...3.41 – that’s it. A managed float...that’s what they have to come out with! Have to!

2-9-2012 Guru 8Ball Iraq is a new economy which can prop up countries which need an injection of capital. Iraq is kind of the center of the currency RV’s, one feeding the other...We are definitely headed to a major event...the RV will feed the system...The news seems to lead 15th.

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wavggg Newbie

wavggg

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Quoted: "We believe is an important meeting…basically our opinions and shortly after that we’ll see the ministers show up. There’s not going to be an RV until the ministers show up first. That’s a requirement for Shabibi…he wants a complete government...no ministers = no RV. "

Ya know why Shabs inisists on a fully seated government?

CONTRACT ACCOUNTABILITY.

As stated on another post

- the CBI is the sole contracting agent for the GOI's money production and reserve.

- the CBI charges the GOI fees to manage the money

- the GOI needs to be fully seated to be fully accouontable and liable to the CBI for its contract agreements

- otherwise the GOI could claim that it was not authorized to contract with the CBI and escape financial liability

- this is the only way the CBI (and its Euro-Parent Banks) can insure the total control over the GOI - by debt

IMHO!

greg

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Realdinar Newbie

Realdinar

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Posted (edited)

Thanks thug! I knew when you posted to bring out the chalkboard, this was going to be entertaining!

divide this by that... equals this.... :o:D:D

..................................

Quoted: "We believe is an important meeting…basically our opinions and shortly after that we’ll see the ministers show up. There’s not going to be an RV until the ministers show up first. That’s a requirement for Shabibi…he wants a complete government...no ministers = no RV. "

Ya know why Shabs inisists on a fully seated government?

CONTRACT ACCOUNTABILITY.

As stated on another post

- the CBI is the sole contracting agent for the GOI's money production and reserve.

- the CBI charges the GOI fees to manage the money

- the GOI needs to be fully seated to be fully accouontable and liable to the CBI for its contract agreements

- otherwise the GOI could claim that it was not authorized to contract with the CBI and escape financial liability

- this is the only way the CBI (and its Euro-Parent Banks) can insure the total control over the GOI - by debt

IMHO!

greg

Sounds as good as anything else posted on here...thanks.

Edited by Realdinar
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DinarThug Newbie

DinarThug

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Isn't there a hit man in Baghdad named the Eraser ??? :blink:

Quad B)

Yes, He Is CNN's Notorious Water Balloon Assassin ! :o

Coincidentally Elixirbaby Will Mixing Us Drinks At The Post RV Party In Vegas Called "Mind Erasers" -

But I Can't Remember Whats In Them ! :blink:

:D :D :D

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G12LF Newbie

G12LF

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2-10-2012 Guru Randy Koonce There’s no argument with the budget – 10 cents won’t even give them the dinar for their annual budget in US dollars…the total revenue for Iraq is 26 billion dollars…they want to come out with 89.1 billion dollars (not dinar)…if they say we want our currency to be worth 10cents…that’s only 2.6 billion dinar….they don’t meet the budget. 1:1 – they’re still short…they’re 3 x short. The easiest way to see this – divide 26 billion into 89.1 = rate...3.41 – that’s it. A managed float...that’s what they have to come out with! Have to!

Read more:

This may be a dumb question, but i was just wondering----How reliable is this quote that was posted?

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RodandStaff Rookie

RodandStaff

Posted
Posted

Yes, He Is CNN's Notorious Water Balloon Assassin ! :o

Coincidentally Elixirbaby Will Mixing Us Drinks At The Post RV Party In Vegas Called "Mind Erasers" -

But I Can't Remember Whats In Them ! :blink:

:D :D :D

Hey Thug, if Elixerbaby can mix something up to help us "erase/forget this long tedious wait.. I'm all in"!!rolleyes.gif

Thanks for the post D.T.!!!wink.gif

GO RV Already Baby!!!cool.gif

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Elixirbaby Newbie

Elixirbaby

Posted
Posted

Yes, He Is CNN's Notorious Water Balloon Assassin ! :o

Coincidentally Elixirbaby Will Mixing Us Drinks At The Post RV Party In Vegas Called "Mind Erasers" -

But I Can't Remember Whats In Them ! :blink:

:D :D :D

I make two kinds of drinks. The Mind Eraser ( Thugs favorite) laugh.gif or the Clothes Shedder (my favorite) tongue.gif

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keepmwlknfny Newbie

keepmwlknfny

Posted
Posted

2-10-2012 Guru Randy Koonce There’s no argument with the budget – 10 cents won’t even give them the dinar for their annual budget in US dollars…the total revenue for Iraq is 26 billion dollars…they want to come out with 89.1 billion dollars (not dinar)…if they say we want our currency to be worth 10cents…that’s only 2.6 billion dinar….they don’t meet the budget. 1:1 – they’re still short…they’re 3 x short. The easiest way to see this – divide 26 billion into 89.1 = rate...3.41 – that’s it. A managed float...that’s what they have to come out with! Have to!

Read more: "]http://dinarvets.com...#ixzz1m12K1nlF]

How reliable is this quote that was posted?

Not at all.....apparently he isnt aware that the budget is funded through USD from oil sales.....not by how much dinar they have in circulation..... laugh.gif

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J769 Newbie

J769

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2-10-2012 Guru Randy Koonce There’s no argument with the budget – 10 cents won’t even give them the dinar for their annual budget in US dollars…the total revenue for Iraq is 26 billion dollars…they want to come out with 89.1 billion dollars (not dinar)…if they say we want our currency to be worth 10cents…that’s only 2.6 billion dinar….they don’t meet the budget. 1:1 – they’re still short…they’re 3 x short. The easiest way to see this – divide 26 billion into 89.1 = rate...3.41 – that’s it. A managed float...that’s what they have to come out with! Have to!

Read more:

This may be a dumb question, but i was just wondering----How reliable is this quote that was posted?

Randy Koonce has the math skills of a developmentally disabled 6 year old. First of all, their revenues do not total 26 billion dollars. Second of all 26 billion dollars does not become 89 billion dollars because of an RV. 26 billion dollars is 26 billion dollars, before or after RV.

IF their revenue is 26 billion dollars (it isn't, it's much, much more), that is 30.5 trillion dinar. If they want their 30.5 trillion dinar to be worth 89 billion dollars that would be a rate of (89 billion divide by 30.5 trillion) 0.0029. 0.0029 dollars per dinar, or 345 dinar per dollar. About 3 times what it is worth now. A million dinar would equal about 3,000 USD, not the 3 million he is saying.

How did they pay their 2011 budget at 1170 to 1 if they need 1 to 3 to pay their 2012 budget?

He's simply not very smart.

In reality, their income is all USD based, because it's all oil based. They get paid 100 billion for oil, it doesn't matter what the dinar is worth. If the dinar is worth 1170 to 1, it means their 100 billion USD in oil equals 117 trillion dinar. If its 1 to 3, it means their 100 billion USzd in oil sales is worth 33 billion dinar. In either case 100 billion USD is 100 billion USD. People aren't going to pay them more USD for their oil just because the dinar is worth a different amount.

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Joker017 Newbie

Joker017

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Randy Koonce has the math skills of a developmentally disabled 6 year old. First of all, their revenues do not total 26 billion dollars. Second of all 26 billion dollars does not become 89 billion dollars because of an RV. 26 billion dollars is 26 billion dollars, before or after RV.

IF their revenue is 26 billion dollars (it isn't, it's much, much more), that is 30.5 trillion dinar. If they want their 30.5 trillion dinar to be worth 89 billion dollars that would be a rate of (89 billion divide by 30.5 trillion) 0.0029. 0.0029 dollars per dinar, or 345 dinar per dollar. About 3 times what it is worth now. A million dinar would equal about 3,000 USD, not the 3 million he is saying.

How did they pay their 2011 budget at 1170 to 1 if they need 1 to 3 to pay their 2012 budget?

He's simply not very smart.

In reality, their income is all USD based, because it's all oil based. They get paid 100 billion for oil, it doesn't matter what the dinar is worth. If the dinar is worth 1170 to 1, it means their 100 billion USD in oil equals 117 trillion dinar. If its 1 to 3, it means their 100 billion USzd in oil sales is worth 33 billion dinar. In either case 100 billion USD is 100 billion USD. People aren't going to pay them more USD for their oil just because the dinar is worth a different amount.

Just for clarification Randy was saying that the Budget they are trying to Pass is 89.1 Billion Dollars reread the post!

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J769 Newbie

J769

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Just for clarification Randy was saying that the Budget they are trying to Pass is 89.1 Billion Dollars reread the post!

I know. That's why you see me use 89 billion dollars in my post. His math is completely wrong, he doesn't know what he's talking about.

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