RV opinion

[drc85260]

First I want to thank you and the dinar team for all of the research and effort you all put in to help us better understand this crazy ride we are on.

Amongst other things, I was thinking of Highlanders comment that 6% of the 30 Trillion IQD is in country. That being the case let’s make some assumptions.

Of the 30,000,000 people 50% are under 18 and unlikely to have any wealth…= 15,000,000 left.

Of the 15,000,000 40% are unemployed, also unlikely to have wealth…= 9,000,000 left.

If like here, 1% of the 9,000,000 owns most of the wealth…= 90,000 people and the 99% = 8,910,000 people

If the 6 Trillion IQD or roughly $6,000,000,000 were divided up to the portion of the 6% :

$6,000,000,000 / 99% = 5,940,000,000 $6,000,000,000 / 1% =$60,000,000

$5,940,000,000 / 8,910,000 people = $666.66 each, very plausible for each Iraqi to have that amount of money at today’s rates (interesting number)

$60,000,000 / 90,000 = $666.66 each??? the same # even a more interesting number.

So if the CBI were to simply delete the zeros and the 30 Trillion IQD became 30 Billion IQD and a RV would occur after the deletion of the zeros (as they say they will), (30 Billion IQD would be equal to 30 Billion US Dollars) they would easily cover the amount with the $60 B they have in reserve. In fact they can then RV at a 2 to 1…each dinar would be worth $2 US and they will break even on the amount they have in reserve. It would be a 100% increase in the value.

However if part of that formula could be monetized with a non liquid asset, like a bond or futures instrument, they can support a much higher RV!

Go Dinar,

DrC

[one2one]

i agree--maybe ?

[keepmwlknfny]

Thats what I had brought up in another thread.....if they lopped, and we base the reserves off only needing to back the amount in circulation, then they could easily support a 2 dollar rate.....now if they have 80-90 billion TOTAL in reserves then it seems they could easily back a 3 dollar rate....

Only question is if the majority of the dinar is outside Iraq (which I dont agree with) then would the CBI be willing to spend those reserves on people cashing in for other currencies.....

[wealthhound]

First I want to thank you and the dinar team for all of the research and effort you all put in to help us better understand this crazy ride we are on.

Amongst other things, I was thinking of Highlanders comment that 6% of the 30 Trillion IQD is in country. That being the case let’s make some assumptions.

Of the 30,000,000 people 50% are under 18 and unlikely to have any wealth…= 15,000,000 left.

Of the 15,000,000 40% are unemployed, also unlikely to have wealth…= 9,000,000 left.

If like here, 1% of the 9,000,000 owns most of the wealth…= 90,000 people and the 99% = 8,910,000 people

If the 6 Trillion IQD or roughly $6,000,000,000 were divided up to the portion of the 6% :

$6,000,000,000 / 99% = 5,940,000,000 $6,000,000,000 / 1% =$60,000,000

$5,940,000,000 / 8,910,000 people = $666.66 each, very plausible for each Iraqi to have that amount of money at today’s rates (interesting number)

$60,000,000 / 90,000 = $666.66 each??? the same # even a more interesting number.

So if the CBI were to simply delete the zeros and the 30 Trillion IQD became 30 Billion IQD and a RV would occur after the deletion of the zeros (as they say they will), (30 Billion IQD would be equal to 30 Billion US Dollars) they would easily cover the amount with the $60 B they have in reserve. In fact they can then RV at a 2 to 1…each dinar would be worth $2 US and they will break even on the amount they have in reserve. It would be a 100% increase in the value.

However if part of that formula could be monetized with a non liquid asset, like a bond or futures instrument, they can support a much higher RV!

Go Dinar,

DrC

drc,

You're scaring me with all those sixes!!!

That is not my favorite number! Glad it does't pertain to me!

Thanks for the post

[drc85260]

Thats what I had brought up in another thread.....if they lopped, and we base the reserves off only needing to back the amount in circulation, then they could easily support a 2 dollar rate.....now if they have 80-90 billion TOTAL in reserves then it seems they could easily back a 3 dollar rate....

Only question is if the majority of the dinar is outside Iraq (which I dont agree with) then would the CBI be willing to spend those reserves on people cashing in for other currencies.....

Hmmmm...I would like to see your thread and thoughts.

To answer your question, if the foreign currency governments were willing to keep the value in their reserves or swap for oil dollars it could work.

ie: we all in the US trade in for dollars...it ends up at our Central bank....our Central bank then holds it for (10 years?) a time period as a reserve and then has a credit with iraq much like a bond. If all of the countries would follow suit then we are in the ball game!

Cheers,

Dr. C

drc,

You're scaring me with all those sixes!!!

That is not my favorite number! Glad it does't pertain to me!

Thanks for the post

HA...weird isn't it that that is the number that it came to in both cases?????????????