randalln Posted June 27, 2012 Report Share Posted June 27, 2012 I challenge any body on this site Adam included to show me and all the other folks that iraq printed 60 trillion dinar ever ....after 2003 ALL THE MONEY FROM BEFORE IS GONE...it was exchanged and burnt by the CPA...there was only a little over 4 trillion cash printed ...with 1-2 trillion delivered for the start of the exchange ...in september of 2003 .....they started in oct....and went to march of 04'......AND STOPED EXCHANGING THE CASH.......THOUSANDS OF PEOPLE WERE LEFT HOLDING OLD CURRENCY (NEVER TO BE EXCHANGED)..............ALL OTHER MONEY WAS OUTSIDE THE COUNTRY AND HAS BEEN CONVERTED TO DIGITAL HOLDINGS BY OTHER CENTAL BANKS AND GOVERNMENTS ..... MOST HAS BEEN FORGIVEN THE WHOLE WORLDS MONEY SUPPLY (IN CASH ) IS LESS THAT THESE OUTRAGEOUS FIGURES YALL ARE THROWING AROUND 60 TRILLION DINAR IS THE WORTH OF IRAQS HOLDINGS AT 1000 TO 1.....OR 60 BILLION DOLLARS IN CASH 4 1 Link to comment Share on other sites More sharing options...
randalln Posted June 27, 2012 Report Share Posted June 27, 2012 .00086....remove 3..... 000 and you end up with .86.... 60,000,000,000,000.trillion.....remove three 000 and you end up with 60,000,000,000.billion basically all you are doing is making it easer to count since calculators (most of them don't go to trillion ) the country has the same net worth ....the only thin is we were never to have the new dinar outside the country ....but it to late now ........we do and the less than 1 trillion cash still in circulation outside ....is easily converted at 1.to 1.........because for every trillion dinar....IRAQ ONLY HAS TO COVER 1 BILLION DOLLARS fractional banking ,,,,,,,,,,,,,,LOOK IT UP AND BY LOANING ALL THE POOR EU COUNTRIES MONEY THEY CAN DO THIS IN THEIR SLEEP....IN ONE YEAR AND THE REST OF THE WORLD WILL PAY FOR IT THANK GOD THAT THE PEOPLE IN CHARGE KNOW WHAT THERE DOING ....... THERE WAS NEVER A BETTER TIME FOR A WORLD CURRENCY COLLAPSE .....GOOD THING THAT CAME ALONG.......WHEN IT DID????????? ARE NONE OF THIS WOULD HAVE WORKED IT IS BASIC SLIDE OF HAND .....AND IM SURE THERE ARE PLENTY OF CONFIDENCE MEM ON THIS SITE TO EXPLAIN THAT 5 1 Link to comment Share on other sites More sharing options...
blugrass60 Posted June 27, 2012 Report Share Posted June 27, 2012 Dig it. Although, I bet this is going to spark an interesting debate randalln Link to comment Share on other sites More sharing options...
randalln Posted June 27, 2012 Report Share Posted June 27, 2012 WHAT YOU WOULD CALL BAIT AND SWITCH Dig it. Although, I bet this is going to spark an interesting debate randalln they could argue with a clock ...to the point of making it run backwards .....still don't change the time of day ....that you look at it and the ones that don't get that metaphor will be the LOUDEST guess i should explain the metaphor ....the clock is a tool for measuring ......it dose not control time 2 Link to comment Share on other sites More sharing options...
SWFloridaGuy Posted June 27, 2012 Report Share Posted June 27, 2012 Hello again fellow Iraqi Dinar Investors, It's been quite awhile since I've said anything here at DV, but I have kept up with most of what's been going on just the same. I decided to take a break from speaking my mind because of the seriously polarizing opinions of those who believe in the probability of our investment netting us a healthy return, and those who no longer or never believed it to be so. Quite honestly, I find it simply amazing that anyone who doesn't believe in it would even bother to say anything at all, but as I read here a moment ago, there are actually those like MrDinarman who openly admitted he enjoyed dashing the hopes and dreams of us who believe. Thus, I felt compelled to chime in once again in response to that line of thinking. I want to first thank FREEZE for bringing us this lengthy and well though out post. Although it somewhat kindly points out many of the reasons why we who believe we made a wise and prudent investment in the IQD are actually instead quite foolish simply because the "numbers, or math" says otherwise. Well, that's where I happen to strongly disagree. All of the numbers and math mentioned in the post fail to take into account the 2 most paramount reasons why I got involved with this investment, and shall continue to hold onto mine, no matter what, for as long as it takes to see it increase dramatically in value, or fail miserably. Those two reasons are the KNOWN FACT that the IQD was drastically DE-Valued to nearly nothing as a war strategy to help defeat Saddam's government, and the KNOWN FACT that many countries and large corporate investors also hold the same IQD that we do, and in the same 3-zero denominations. Those 2 facts alone are enough for me to continue to believe that no matter what happens to my investment in IQD, there is no way those other large investors and countries are going to lose on their investment, and as a consequence, neither are we who hold out and don't cave in to the skepticism and pessimism that seems to be running rampant of late. At least that's my observation here at DV. I admit I have no secret intel or high and mighty connections, and I don't even bother spending a whole lot of time researching this stuff anymore. Neither do I care much whether Maliki stays or goes, or anything else that occurs politically in Iraq. i am quite comfortable just waiting and hoping that sooner or later all of this intrigue will end, and we shall either be deemed as successful and astute investors after all, or the proven fools we have been called all along by the naysayers both here and most often when we have tried to share with others what we see as a golden opportunity of a lifetime. I have heard the doubters arguments many times over, and even on occasion allowed myself to get hot and bothered whenever that one fellow DV member with the sneer and cap on sideways who claims he was once a small time pimp manages to successfully incite some to anger, and dampen the hopes of many here time and time again. But I have yet to hear anyone put forth an acceptable argument explaining just where the value of the dinar went when it was devalued during the war, and exactly what process must occur to put such value back. It seems that this line of reasoning gets lost in the "bean counters" and their math of outstanding currency amounts and other such rubbish. So, my question to all of the so-called experts on how we believers are simply stupid, senseless, religious fanatics without a clue of how the world of high finance really works could please tell me just where did that former value go, and how is it, if ever, suppose to be returned? That is truly what I believe is the reason that the large investors and countries ever got involved with the IQD, and why I personally believe it will one day increase dramatically in value. In an earlier post I referred to us as the fleas on the elephant backside. So, that's all I have for now, but if the topic warrants it I shall be back again. Thanks to all who read this to its end, and for those bashers who are compelled to come after me, take your best shots! That's the best post I've read in a long time!! Thank you for taking the time to share it with us. 1 Link to comment Share on other sites More sharing options...
hiness Posted June 27, 2012 Report Share Posted June 27, 2012 I have never posted, but had to do the math after reading this post. True story: math doesn't lie: The gross world product (GWP) is the combined gross national product of all the countries in the world. This also equals the total global gross domestic product (GDP).[nb 1] In 2011, the GWP totalled approximately US$78.95 trillion. In nominal terms, the total 2011 GWP was around US$70.16 trillion. See chart below of all the countries in the world – Iraq is 115,388 x 1million = $115,388,000,000 so, that’s about 115.3 billion US dollars. They have 30 trillion dinars in circulation. So, if 30 trillion dinars RV to $3, that amounts to 90 trillion US dollars, more than the entire world’s GDP!! $1 would be $30 trillion – nearly ½ of the world GDP & 30 times Iraq’s GDP. If they bring in ½ of the dinars in circulation, and RV at $1, that’s still $15 trillion, the size of the total US GDP. "We have more than 30 trillion dinars in circulation. To withdraw this amount from the market and then to examine them and to dispose of them is a huge process. Even the technical and the monetary capabilities to control a process like this, we consider as insufficient and it is not seen as a priority currently," Alaq said. The central bank says Iraq's large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield it from any damage to its financial system on the national level. http://www.reuters.com/article/2012/04/12/iraq-currency-idUSL3E8FC8G120120412 List by the International Monetary Fund (2011)[2] Rank Country/Region GDP (millions of US$) World 69,659,626[4] European Union 17,577,691[4] 1 United States 15,094,025 2 China 7,298,147n2 3 Japan 5,869,471 4 Germany 3,577,031 5 France 2,776,324 6 Brazil 2,492,908 7 United Kingdom 2,417,570 8 Italy 2,198,730 9 Russia 1,850,401 10 Canada 1,736,869 11 India 1,676,143 12 Spain 1,493,513 13 Australia 1,488,221 14 Mexico 1,154,784 15 South Korea 1,116,247 16 Indonesia 845,680 17 Netherlands 840,433 18 Turkey 778,089 19 Switzerland 636,059 20 Saudi Arabia 577,595 21 Sweden 538,237 22 Poland 513,821 23 Belgium 513,396 24 Norway 483,650 25 Iran 482,445 26 Taiwan 466,832 27 Argentina 447,644 28 Austria 419,243 29 South Africa 408,074 30 United Arab Emirates 360,136 31 Thailand 345,649 32 Denmark 333,238 33 Colombia 328,422 34 Venezuela 315,841 35 Greece 303,065 36 Malaysia 278,680 37 Finland 266,553 38 Singapore 259,849 39 Chile 248,411 Hong Kong 243,302 40 Israel 242,897 41 Nigeria 238,920 42 Portugal 238,880 43 Egypt 235,719 44 Ireland 217,669 45 Czech Republic 215,265 46 Philippines 213,129 47 Pakistan 210,566 48 Algeria 190,709 49 Romania 189,776 50 Kazakhstan 178,312 51 Kuwait 176,667 52 Qatar 173,847 53 Peru 173,502 54 Ukraine 164,960 55 New Zealand 161,851 56 Hungary 140,303 57 Vietnam 122,722 58 Iraq 115,388 59 Bangladesh 113,032 60 Angola 100,948 61 Morocco 99,241 62 Slovakia 96,089 63 Oman 71,888 64 Ecuador 66,381 65 Sudan + South Sudan 64,750 66 Croatia 63,842 67 Azerbaijan 62,321 68 Sri Lanka 59,095 69 Luxembourg 58,412 70 Dominican Republic 56,700 71 Belarus 55,483 72 Bulgaria 53,514 73 Burma 51,925 74 Slovenia 49,588 75 Guatemala 46,897 76 Uruguay 46,872 77 Tunisia 46,360 78 Uzbekistan 45,353 79 Serbia 45,064 80 Lithuania 42,718 81 Costa Rica 40,947 82 Lebanon 39,039 83 Ghana 37,158 84 Libya 36,874 85 Kenya 34,796 86 Yemen 33,675 87 Ethiopia 31,256 88 Panama 30,569 89 Jordan 29,233 90 Latvia 28,252 91 Bahrain 26,108 92 Cameroon 25,759 93 Turkmenistan 25,742 94 Cyprus 24,949 95 Bolivia 24,604 96 Côte d'Ivoire 24,096 97 Tanzania 23,333 98 El Salvador 22,761 99 Trinidad and Tobago 22,707 100 Estonia 22,225 101 Paraguay 21,236 102 Equatorial Guinea 19,805 103 Zambia 19,206 104 Nepal 18,580 105 Afghanistan 18,181 106 Bosnia and Herzegovina 17,965 107 Botswana 17,570 108 Honduras 17,381 109 Uganda 16,810 110 Gabon 16,176 111 Congo, Democratic Republic of the 15,668 112 Brunei 15,533 113 Jamaica 14,807 114 Congo, Republic of the 14,769 115 Senegal 14,461 116 Georgia 14,347 117 Iceland 14,048 118 Cambodia 12,861 119 Albania 12,847 120 Mozambique 12,827 121 Papua New Guinea 12,655 122 Namibia 12,461 123 Mauritius 11,313 124 Mali 10,600 125 Macedonia, Republic of 10,327 126 Armenia 10,106 127 Madagascar 10,025 128 Burkina Faso 9,981 129 Chad 9,344 130 Zimbabwe 9,323 131 Malta 8,896 132 Mongolia 8,506 133 Bahamas, The 8,074 134 Laos 7,891 135 Haiti 7,388 136 Benin 7,306 137 Nicaragua 7,297 138 Moldova 7,003 139 Tajikistan 6,523 140 Kosovo 6,452 141 Rwanda 6,179 142 Niger 6,022 143 Kyrgyzstan 5,920 144 Malawi 5,673 145 Guinea 5,212 146 Montenegro 4,536 147 Barbados 4,478 148 Timor-Leste 4,315 149 Mauritania 4,200 150 Swaziland 3,947 151 Suriname 3,790 152 Togo 3,611 153 Fiji 3,546 154 Eritrea 2,609 155 Guyana 2,480 156 Lesotho 2,453 157 Burundi 2,356 158 Sierra Leone 2,196 159 Central African Republic 2,165 160 Maldives 1,944 161 Cape Verde 1,903 162 Bhutan 1,488 163 Belize 1,474 164 Djibouti 1,239 165 Saint Lucia 1,239 166 Antigua and Barbuda 1,187 167 Liberia 1,154 168 Seychelles 1,014 169 Gambia, The 977 170 Guinea-Bissau 969 171 Solomon Islands 840 172 Grenada 822 173 Vanuatu 743 174 Saint Kitts and Nevis 715 175 Saint Vincent and the Grenadines 695 176 Samoa 630 177 Comoros 614 178 Dominica 489 179 Tonga 439 180 São Tomé and Príncipe 248 181 Kiribati 167 182 Tuvalu 35 Syria n/a http://en.wikipedia.org/wiki/Gross_world_product 2 Link to comment Share on other sites More sharing options...
umbertino Posted June 27, 2012 Report Share Posted June 27, 2012 Dont count this as a loss so quickly. It sucks to wait for all of us. Especially in these economic times. What would really bite the big one is if you sold and the next day it did RV. Peace and be well. I know and at this point ( after 8 cussing years into it) I wouldn't do it as " I really wanna see how it ends, you know"..... Link to comment Share on other sites More sharing options...
imgesing Posted June 28, 2012 Report Share Posted June 28, 2012 I know and at this point ( after 8 cussing years into it) I wouldn't do it as " I really wanna see how it ends, you know"..... Longer than me. I might have told you some things I heard a while ago. This isnt over and dont doubt the nay sayers so much. Wish you the best and have a great week... 3 4 Link to comment Share on other sites More sharing options...
explorer Posted June 29, 2012 Report Share Posted June 29, 2012 No kidding, I've been saying this for years and end up with 100 negatives every time I do....not that I care. People will remain stupid. All you have to do is turn on the tv or look at our gov to see that. On the other hand I enjoy watching peoples hopes and dreams be crushed!! :lol: Is there anyone out there that listens to logic and reason?!?! No one can refute the math. Link to comment Share on other sites More sharing options...
jackster Posted June 29, 2012 Report Share Posted June 29, 2012 hiness, Nice post. Nice math. Two days and nobody wants to dispute your findings. How can the IQD RV to a point that gives them more money than half of the world? Let alone more than the entire world? Link to comment Share on other sites More sharing options...
skrappyone Posted June 29, 2012 Report Share Posted June 29, 2012 What people aren't putting into the MATH equation is there is not 60trln Dinar still out in circulation. Iraq has been pulling in Dinar in exchange for the USD. Only the CBI knows exactly how much is outside the borders and for those that will say you can still buy it, I say this. When you buy Dinar now it is Dinar others have got scared and cashed in. For someone to say that there is still 60 trln in ciculation is an absolute guess. I believe they could go back to the 3.22 to 1 and cover it. I am good with numbers and to me the numbers you based this article in are incorrect. Also, I would like to add that there are spiders whose legs are bigger than the spiders entire body. Ok I said enough. In MY OPINION this will RV by January 15, 2013. There I gave you my date, Im not a GURU but it is what I believe and I base it on the IMF meeting in January 2013. Have a great day and GOOOO RVVVVV. Link to comment Share on other sites More sharing options...
doctor robbins Posted June 29, 2012 Report Share Posted June 29, 2012 What people aren't putting into the MATH equation is there is not 60trln Dinar still out in circulation. Iraq has been pulling in Dinar in exchange for the USD. Only the CBI knows exactly how much is outside the borders and for those that will say you can still buy it, I say this. When you buy Dinar now it is Dinar others have got scared and cashed in. For someone to say that there is still 60 trln in ciculation is an absolute guess. I believe they could go back to the 3.22 to 1 and cover it. I am good with numbers and to me the numbers you based this article in are incorrect. Also, I would like to add that there are spiders whose legs are bigger than the spiders entire body. Ok I said enough. In MY OPINION this will RV by January 15, 2013. There I gave you my date, Im not a GURU but it is what I believe and I base it on the IMF meeting in January 2013. Have a great day and GOOOO RVVVVV. There's ZERO evidence that Iraq is reducing their money supply. CBI website shows an M2 of over 70 trillion. Iraq is backing that 100% with their reserves. It also shows nearly 30 trillion outside of banks. If Iraq RVs to $3.22 that would increase their monetary base from $25 billion to nearly $100 trillion. I'm pretty good with numbers too, and that can't happen. 2 Link to comment Share on other sites More sharing options...
TRERUMPH Posted June 29, 2012 Report Share Posted June 29, 2012 IMO i think anything is possible even when you think its not. You did mention that they would have to take some of the money out of circulation in order to RV, well isnt that what they are doing? isnt that what you are doing telling this story...Oh!!!!!! im sorry but givin you opinion so people can give up on something they beleive in or want to beleive in. Theres hope there sir and in the best way. Now i could be wrong but like i said "ANYTHING IS POSSIBLE EVEN WHEN YOU THINK IT IS NOT"Its called hope sir and faith with a divine interventure mixed with dreams. Let people hold on to those dreams instaed of trying to crush them. In a manner of speaking, that was a very good post sir of your opinion, i enjoyed reading...... 1 Link to comment Share on other sites More sharing options...
black77 Posted June 30, 2012 Report Share Posted June 30, 2012 The RV is like a lottery ticket...anybody can buy one and maybe your numbers come in. you play the game and see what happens. But I have never heard of anyone buying 20m lottery tickets to try and win a 50m jackpot...There are far more losers than winners...In this case the "pumpers win either way. Link to comment Share on other sites More sharing options...
katie45 Posted June 30, 2012 Report Share Posted June 30, 2012 Math is relative to the parameters. And most of you if not all have no idea what those are parameters should be. This event is much bigger than simple currency and post war investment. Put it in perspective and the scope of this comes into sight. The world’s largest investment banks are lining up to enter Iraq. Those very same banks have stockpiles of dinar. International investors are preparing to participate in the ISX. What are the chances of them buying or building a hotel, or a mall after the CBI just screwed them out of the return on years of sitting and holding their silly paper? Seriously, these posts are getting so old as every Tom, **** and Harry thinks he can explain this. There will be an ‘event’ soon with the dinar which will launch Iraq to new heights in the international community. That is a given, just the timing is all we need to figure out. I am going to pool to work on my tan. 1 Link to comment Share on other sites More sharing options...
DWitte Posted June 30, 2012 Report Share Posted June 30, 2012 WOW I didn't do well in english in HS but these are the longest sentences I have ever seen. Maybe even a record. I'll have to schedule some time to read more. Link to comment Share on other sites More sharing options...
jg167 Posted June 30, 2012 Report Share Posted June 30, 2012 Math is relative to the parameters. And most of you if not all have no idea what those are parameters should be. This event is much bigger than simple currency and post war investment. Put it in perspective and the scope of this comes into sight. The world’s largest investment banks are lining up to enter Iraq. Those very same banks have stockpiles of dinar. Iraq might be a good place to invest, though still a quite risky one. But what evidence is there that the worlds largest investment banks are holding "piles of dinar"? answer: none. You may not be able to, or maybe just refuse to see the impact of a 70T dinar money supply, but I assure you the bankers understand how it makes an overnight 1000x RV impossible, not just unlikely, but impossible. International investors are preparing to participate in the ISX. What are the chances of them buying or building a hotel, or a mall after the CBI just screwed them out of the return on years of sitting and holding their silly paper? Seriously, these posts are getting so old as every Tom, **** and Harry thinks he can explain this. There will be an ‘event’ soon with the dinar which will launch Iraq to new heights in the international community. That is a given, just the timing is all we need to figure out. I am going to pool to work on my tan. So its "a given", that a country with 1/3 of 1% of global GDP is going to vault to the head of the list?? Wow, what are you smoking and did you bring enough for everyone? Or maybe I accidentally stumbled into the guru-pumper tryout thread. All you need is some secret intel you can't tell anyone about and you're on your way! 2 2 Link to comment Share on other sites More sharing options...
Carrello Posted June 30, 2012 Report Share Posted June 30, 2012 That's the best post I've read in a long time!! Thank you for taking the time to share it with us. Ditto! Happy Birthday! Longer than me. I might have told you some things I heard a while ago. This isnt over and dont doubt the nay sayers so much. Wish you the best and have a great week... Imegesing, someone negged you and I went to give you a 1+ and hit the 1-. I am sorry. I will get you on your other posts. Sorry. Link to comment Share on other sites More sharing options...
MovieMaker Posted June 30, 2012 Report Share Posted June 30, 2012 WOW what a fantastic thread! Lot's of different opinions. Very educational... not that I know who's right and who's wrong, but this is how we help each other use our noggins and make our own decisions on what we think might or might not happen. DV is AWESOME I've learned so much here and made lots of great friendships along the way. Just like being in school with a bunch of kids! (just kidding) Seriously a great experience on the RV TRAIN! CHOO CHOO!! COME ON RV!!! 1 Link to comment Share on other sites More sharing options...
tgpalmer1 Posted July 1, 2012 Report Share Posted July 1, 2012 FINALLY THE LIGHT SHINES Body mechanic here not a finance guy. I have been slammed by confessing to this investment with other physicians. Now I get another doc's investment advisor stuff me with the following...SIMPLE MATH ...I appreciate your input on the other post I made as I was tarred and feathered from my accountant buddies. I'll remain stupid but I don't like it. Back to my rock. SIMPLE MATH You take $1,000, you walk into a bank / money exchange and you buy $1,000 worth of Iraqi Dinar. And some people believe that if you hold onto it through a currency redenomination like Turkey, Afghanistan & oil-rich Venezuela went through, then the cashier will give you $1m upon changing it back for your $1,000 worth of Dinar? Yes that’s pretty much it. People latch themselves like a limpet onto “feel-good” (and very convincing) salesmen-GREEDY-GURUS (some of whom were involved in the prior CMKM penny stock fraud “pump and dump” con using the same “secret intel on radio calls” tactics, GURUS-like Okieman, Breitling, Frank26, another site, Kaparoni, Millionday, another site, SteveI) who promise the Earth by trawling currency comparison sites – picking the weakest ones (“just look at HOW MANY you get per Dollar!”) that are weak due to prior chronic / hyper-inflation and try and “pretend” that inflation never occurred and they’re really “undervalued” due to some abnormal “secret aberration” that millions of people around the world who trade them every day are too “stupid” to see but Mr. Pumper of Arkansas or Lubbock, Tx...“knows the secret” – when in fact the currencies are weak simply because they’ve been over printed no different to 1920′s Germany or Zimbabwe. Or 70-odd other countries over the past century. What they call “undervalued” is in fact – plain ordinary inflation and the dilution effects of basic currency over-supply vs economic demand. And what they amusingly call “the RV” is in fact demanding that 999x more money be printed (which would instantly trigger off hyper-inflation – everyone’s a millionaire but bread will cost $1,500 per loaf, houses would be $250m each instead of $250k, etc…) in the confused belief that “the more money you print the stronger a currency gets”. Back in reality the more currency that are printed – the more each currency unit gets devalued. That happens to all currencies (strong and weak) and isn’t even up for debate as a universal observable phenomenon. If people do not understand it, they need to keep calm and take responsibility for their own education rather than blow off steam out of frustration against those who do. That there are over 60tn Iraqi Dinar’s and over a staggering 1qdrn (1,000 trillion) Vietnamese Dong in circulation – and that Saddam Hussein printed huge amounts of Dinar under the sanctions (precisely because if you can’t trade or borrow – then all you can do is print!) – goes straight over some people’s heads… That many Iraqi’s are using Dollars (a phenomenon called “Dollarization”) and Vietnamese have been buying houses with gold rather than native currencies speaks for itself. It’s actually pretty racist to declare all those 100m people “stupid” as well. People in their own countries know exactly what’s going on with their own currencies – a lot more than people with a sales agenda who hang onto “radio calls” every week. As mentioned previously, the debate isn’t even economic anymore – it’s really psychological. That’s why when facts are on the table, all you will get in response is angry emotional outbursts from some people. Let me ask you some questions – and please think them thru.. Do you believe that a drop of water can be larger than the glass of water from which the drop was taken? Do you believe that a grain of sand can be larger than a beach from which the grain was taken? Is a slice of bread larger than a loaf from which the slice is a part? Can an apple pip be larger than an apple including the pip? Is a screen pixel larger than a screen? Is an electron bigger than an atom including the electron? Can a fish’s scale be larger than from the same fish it came? Can a leaf be larger than a bush including the leaf? Can a mountain pebble be larger than a mountain including the pebble? Can a wheel be larger than a car (including the wheel)? Can a saddle be larger than a bicycle including the saddle). Can a dog’s claw be larger than the dog (including the claw)? Can a millipede’s leg be larger than the millipede? Can Iraq’s economy be bigger than Earth’s economy of which Iraq’s economy makes up just 1%? Most honest sane people would truthfully answer “no” to these questions because the answer is not a relative subjective emotional “feeling” that can be argued over like art critics discussing the “mood” of Da Vinci – it’s one of objective literal physical impossibility. Where [WE] are going wrong is quite simple – you believe basic mathematics & economics surrounding the redenomination are somehow “relative” and “must have no right answer” because it keeps the dream alive. Your intentions of not getting hurt are entirely understandable, but some things in life do have an objective right answer and plenty of wrong ones – and a country like Iraq can no more have a larger money supply than Planet Earth of which it makes up just 0.43% of the world’s population in people and 0.24% in economy size, than a small village in Hawaii can have an economy larger than the United States of America (which includes that small village) – or France can have an economy larger than Europe – including France! The “RV” argument is so incredibly stupid that it defies belief that it actually needs explaining why Iraq’s money supply cannot be larger than the total global money supply of every country on planet Earth – including Iraq’s – combined – and 500x larger than Iraq’s own economy (which is the equivalent of America having a money supply of $7,500tn instead of $15.8tn)… What [WE] seem to crave in post after post seems to be emotional reinforcement rather than simple honesty – you WANT others to “possibly be wrong” just to feel better about your ‘investment’ so you won’t have to think it through – not because it’s the actual truth. Here is the real truth : Iraq may redenominate – or they may call off the redenomination and not do anything. Either way – the “RV” in the sense of an absurdly claimed 1:1 banknote exchange ratio after a 1000:1 currency adjustment (the world really doesn’t work like that) vs the $ is still a mathematical objective impossibility – because there isn’t enough money on the planet even if every man, woman & child in every country on Earth – all 7 BILLION people – gave every single bank-note, they had to Dinar speculators plus all money in their bank accounts, their incomes, their savings & pensions and resorted to foraging for food to survive. That’s the scale of ridiculousness of the 1:1 banknotes exchange “RV” claims. And no – I genuinely am not wrong in saying “The impossible cannot happen because it is impossible”. If the whole Earth’s money supply is around $60tn… http://goldseek.com/news/2009/1-12mh/11.png …Then Iraq having under 0.24% global GDP cannot possibly have $62tn of Dinar’s whilst also simultaneously being 0.24% of the $60tn! There is nothing to “believe” or “get wrong” about this. It’s basic math with one right and plenty of wrong ones. You’re not just trying to fit a square peg into a round hole, you’re trying to fit a car into a tire, a loaf into a slice, a beach into a grain of sand, an apple into a pip, a glass of water into a droplet, etc. I really cannot think of any other way of spelling it out short of breaking out the purple crayons and explaining why daddy dinosaur’s toe (whom he nicknames “Iraq”) can’t be bigger than daddy dinosaur (whom his wife nicknames “planet Earth”). The only genuine “unknown” with the redenomination is the “when” – The Iraq Central Bank has delayed it for various reasons number one being inflation creeping up again. The “what” is not unknown and hasn’t been for over two years now. Exceptionally clear information has been given – they’ve even described the new banknote designs in detail. “The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures, in addition to coins in both Arabic and Kurdish. This will include a new 50 Dinar bill with a value of $43 (50,000 current note Dinar).” Dinar speculators don’t want to hear it out of personal discomfort and vested interests – sure that’s a given – but the redenomination simply is what it is whether it’s accepted by ‘investors’ or not. I have made points politely, honestly and truthfully with 100% verifiable facts for those who are willing to view (which be honest- is the real issue isn’t it?) : Yes, [WE] must see the wild contradiction. You print more money – currency value goes down. Yet to turn $30-60bn into $30,000-60,000bn would involve… printing 999x more which would drive its value down not up! Likewise to make 60tn Dinar’s 1,000x stronger would mean reducing the amount circulating to 60bn Dinar’s (redenominating). You can no more “RV” them by keeping the same amount in circulation than you sell Snickers bars for $800 each just slapping a $800 price tag on it. It’s valued by the market, not some centrally planned Communist dictator. No-one else would trade the currency if it suddenly became 1,000x more expensive and still 1,000x more prevalent than peer neighbors like Kuwait (it’ll just instantly self-devalue again due to obvious massive inflation of an entire planet’s money supply all circulating inside a country smaller than Australia!) I guess it’s one of those “big lie” technique scams – ie, a claim so outrageous that some people believe that no-one could have the sheer impudence or audacity to distort the truth so absurdly – and therefore decide “it must be true because of it”. Finally you ask; "What is in it for the pumpers, site-owners and story tellers ?" Number one reason is profits. The yield [to a site-owner] will vary depending on the site-owners participation. Many props establish a site to self-perpetuate [meaning-function without the site-owners involvement]. ADS, ADS, ADS, Sell, sell, sell...which means revenue to cover nominal costs for maintaining the site continuance. The site may exist for dinar discussion but ADS may not exist for dinar purchases. Any purchase nets a payday for the owner. Hair and fashions, dating opportunities, incorporating LLC s, buying silver and gold....you name it. From time to time the site-owner pops-in creating enthusiasm or like [chum-to-shark]..feeding frenzy. It doesn't have to amount to more than [hearsay][bS]etc........Everyone is excited ! [WE] all hang-on for another day, another weekend, another week, another month............another dream of riches. I have done my damnest not too share this but having time on my hands and a brain that wants my body to-do jumping-jacks again, I could not continue to ignore math. Never did like math. WAY TOO EXACT. 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imgesing Posted July 1, 2012 Report Share Posted July 1, 2012 Ditto! Happy Birthday! Imegesing, someone negged you and I went to give you a 1+ and hit the 1-. I am sorry. I will get you on your other posts. Sorry. Thanks for telling me but it is all good. If I cared about my status I would be like many here. I seriously dont care that much, but your telling me is very cool. Have a great Day! Iraq might be a good place to invest, though still a quite risky one. But what evidence is there that the worlds largest investment banks are holding "piles of dinar"? answer: none. You may not be able to, or maybe just refuse to see the impact of a 70T dinar money supply, but I assure you the bankers understand how it makes an overnight 1000x RV impossible, not just unlikely, but impossible. So its "a given", that a country with 1/3 of 1% of global GDP is going to vault to the head of the list?? Wow, what are you smoking and did you bring enough for everyone? Or maybe I accidentally stumbled into the guru-pumper tryout thread. All you need is some secret intel you can't tell anyone about and you're on your way! How do people with your amazing foresight deal with all of us ignorant people? It must be incredibly difficult... LOL Some one please give me some air to breath... This is so funny I can barely take it! 2 Link to comment Share on other sites More sharing options...
SWFloridaGuy Posted July 2, 2012 Report Share Posted July 2, 2012 WOW what a fantastic thread! Lot's of different opinions. Very educational... not that I know who's right and who's wrong, but this is how we help each other use our noggins and make our own decisions on what we think might or might not happen. DV is AWESOME I've learned so much here and made lots of great friendships along the way. Just like being in school with a bunch of kids! (just kidding) Seriously a great experience on the RV TRAIN! CHOO CHOO!! COME ON RV!!! I like your attitude. 1 Link to comment Share on other sites More sharing options...
caz1104 Posted July 2, 2012 Report Share Posted July 2, 2012 Iraq might be a good place to invest, though still a quite risky one. But what evidence is there that the worlds largest investment banks are holding "piles of dinar"? answer: none. You may not be able to, or maybe just refuse to see the impact of a 70T dinar money supply, but I assure you the bankers understand how it makes an overnight 1000x RV impossible, not just unlikely, but impossible. So its "a given", that a country with 1/3 of 1% of global GDP is going to vault to the head of the list?? Wow, what are you smoking and did you bring enough for everyone? Or maybe I accidentally stumbled into the guru-pumper tryout thread. All you need is some secret intel you can't tell anyone about and you're on your way! Did'nt take long to get back into form. Thanks for telling me but it is all good. If I cared about my status I would be like many here. I seriously dont care that much, but your telling me is very cool. Have a great Day! How do people with your amazing foresight deal with all of us ignorant people? It must be incredibly difficult... LOL Some one please give me some air to breath... This is so funny I can barely take it! Misery loves company.Maybe we should suggest the lop section,misery,discontent,& self importance are the main items on the menu down there. Link to comment Share on other sites More sharing options...
imgesing Posted July 3, 2012 Report Share Posted July 3, 2012 Did'nt take long to get back into form. Misery loves company.Maybe we should suggest the lop section,misery,discontent,& self importance are the main items on the menu down there. Well as you know, being so smart that a LOP is a term which cant be used in this type of economic situation. An RD can. Different things and definitions. So when I hear LOP and the new use for it I laugh. As for the doom and gloom, some times it gets a bit old. Not because of the information as much as the certainty people seem to think they have on this. The possibilities are endless. The potential for some of the doubters actually being correct exists. Yet, from everything I have found to understand, the potential for a nice outcome is also not far fetched. When I say that some say I am being too optimistic or dreaming. The facts are gray. The truth is not yet revealed. The current reality is that those who hold onto this currency have a choice of what to believe based on what they read or choose to accept, until it actually changes. At that point one of us will be more right. For your sake I hope I am right. Maybe your point of view is more realistic or grounded... who knows? I didnt say things here and it seems people are quick to put words in my mouth. Have a great week! Peace OUT Link to comment Share on other sites More sharing options...
Texas1 Posted July 3, 2012 Report Share Posted July 3, 2012 Ditto! Happy Birthday! Imegesing, someone negged you and I went to give you a 1+ and hit the 1-. I am sorry. I will get you on your other posts. Sorry. I accidently negged you for negging him. Im so confused I can't see straight anymore. I could really use a plus right about now..... Link to comment Share on other sites More sharing options...
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