simple math

[randalln]

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

[randalln]

.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

[blugrass60]

Dig it. Although, I bet this is going to spark an interesting debate randalln

[randalln]

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

[SWFloridaGuy]

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.

[hiness]

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

[umbertino]

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".....

[imgesing]

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...

[explorer]

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.

[jackster]

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?

[skrappyone]

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.

[doctor robbins]

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.

[TRERUMPH]

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......

[black77]

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.

[katie45]

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.

[DWitte]

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.

[jg167]

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!

[Carrello]

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.

[MovieMaker]

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!!!

[tgpalmer1]

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.

[imgesing]

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!

[SWFloridaGuy]

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.

[caz1104]

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.

[imgesing]

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

[Texas1]

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.....