Question for TQueezy concerning the currency float he was talking about

[20Mil]

Think about this for a minute, PLEASE!

USA - GDP $15 Trillion with M2 of about 12 trillion or roughly 85% of our current GDP

Iraq - GDP $100 Billion with M2 of about 72 trillion.

Assuming Iraq went 1:1 with the USD without a re-denomination then their M2 would be thousands times more than their GDP! How is this even possible? $100 Billion GDP is NOTHING when compared to most other countries in the world. Yes they have potential, but not to have a currency worth more then every other countries currency in the world combined. If you add up every countries currency in the world and convert it to USD it will be less than 72 Trillion USD which is Iraq's current M2 in dinars. Now, if Iraq RV's at a 1:1 rate then they are now more valuable then every other country in the world combined! Please help me understand this, anybody, please! How does this happen overnight?

GDP & Money Supply are the two most important variable when determining a general value for a currency. How does what you say make any economic sense at all? Please tell me how they can defy this economic law that EVERY OTHER COUNTRY follows in the world? I don't see them being that special...

Edited February 5, 2013 by 20Mil

[20Mil]

World Countries M2 % of GDP (Money Supply in terms of % of GDP)

1) Luxembourg - 488%

2) Hong Kong SAR China - 328%

3) Cyprus - 270%

4) Lebanon - 242%

5) Japan - 240%

6) Netherlands - 231%

Iraq - 54%

http://data.worldbank.org/indicator/FM.LBL.MQMY.GD.ZS

1:1 RV of IQD would make M2 a total of 720% of GDP! Again, they are going to top the list from a global perspective in yet another area of economics. Too bad they don't top the list with GDP, they might have a slim chance to do the unthinkable

Ways that Iraq is Special and will defy simple economic laws

*More value then every country in the world combined in terms of currency if 1:1 RV

*More M2 in terms of % of GDP then any other world in the country if 1:1 RV

* Come out the gate with a reserve currency with no fundamental backing for this move

* ?? (there are more ways they will defy economics IF theories presented here are used in reality)

Why do these things not matter to some people? How are they ignored and justified by saying things like "well Iraq is different..." ?

Edited February 5, 2013 by 20Mil

[JWJW11]

World Countries M2 % of GDP (Money Supply in terms of % of GDP)

1) Luxembourg - 488%

2) Hong Kong SAR China - 328%

3) Cyprus - 270%

4) Lebanon - 242%

5) Japan - 240%

6) Netherlands - 231%

Iraq - 54%

http://data.worldbank.org/indicator/FM.LBL.MQMY.GD.ZS

1:1 RV of IQD would make M2 a total of 720% of GDP! Again, they are going to top the list from a global perspective in yet another area of economics. Too bad they don't top the list with GDP, they might have a slim chance to do the unthinkable

Ways that Iraq is Special and will defy simple economic laws

*More value then every country in the world combined in terms of currency if 1:1 RV

*More M2 in terms of % of GDP then any other world in the country if 1:1 RV

* Come out the gate with a reserve currency with no fundamental backing for this move

* ?? (there are more ways they will defy economics IF theories presented here are used in reality)

Why do these things not matter to some people? How are they ignored and justified by saying things like "well Iraq is different..." ?

Man your on fire....youve definitely changed your stance from last year....which is cool.....as you say everyone is entitled to their opion and you come across in a very sincere way.....I for one appreciate that.

As far as the items being ignored and not mattering....I dont think thats really the case.

People just see it differently....like myself. I dont belive the numbers are legit....and think the PTB have a much bigger plan in the works....the whole thing just doesn't add up and therefore I see it as possibility. This thing was cheap enough for anyone to get into....whether you bought 100 bucks worth or 50, 000 bucks worth....really shouldbe all relative to each persons money situation. You cant question people....."people are crazy" lol

Just look to a place like a casino....they have them going in left and right in my area in the last several years.....people flock to those things truly thinking they are going to win....nothing you can tell them thats gonna change it.

This thing is nothing but speculation and for some having the hope at something really big that they might not have otherwise......youve obviously have some intelligence far and above most butttttt not everyone sees things the same....u only live once....we all should do what makes us happy and dare to dream.

Sincere thanks for your knowledge and the way you present it all....you just gotta look outside the box....we will never find the true facts even when its over.....

[boomer113189]

20mill come to chat and talk to us

[zigmeister]

Hey 20 million so good to see you. You do have to admit many changes have been made since last you posted in Iraq, if you can get through their gossip rag news. Hard to say where this is going, realistically your analysis is correct. However no longer are we looking at the 3 zero's thrown off the veggie truck, the currency we now hold is holding. This in itself is a relief for me and should be for all. They are now selling bonds, they are now hooking up electronically, they want to play.

They are actually moving quickly compared to the slow boat to China as before. I really did not believe much was going to happen, ever for a very long time. I am surprised. So I never say impossible. Will we be millionaires tomorrow, probably not, but what they are talking about and their actions seem to relay, the dinar is not going to be paper money anymore. That in itself is very encouraging however it plays out. So stats and history are interesting, that which the world and its people have come to accept, but there is always an anomaly that can change perspectives in short time. Don't believe everything you read, or everything you learned, this is a good way to get stuck in a universe that is open ended.

[20Mil]

Man your on fire....youve definitely changed your stance from last year....which is cool.....as you say everyone is entitled to their opion and you come across in a very sincere way.....I for one appreciate that.

As far as the items being ignored and not mattering....I dont think thats really the case.

People just see it differently....like myself. I dont belive the numbers are legit....and think the PTB have a much bigger plan in the works....the whole thing just doesn't add up and therefore I see it as possibility. This thing was cheap enough for anyone to get into....whether you bought 100 bucks worth or 50, 000 bucks worth....really shouldbe all relative to each persons money situation. You cant question people....."people are crazy" lol

Just look to a place like a casino....they have them going in left and right in my area in the last several years.....people flock to those things truly thinking they are going to win....nothing you can tell them thats gonna change it.

This thing is nothing but speculation and for some having the hope at something really big that they might not have otherwise......youve obviously have some intelligence far and above most butttttt not everyone sees things the same....u only live once....we all should do what makes us happy and dare to dream.

Sincere thanks for your knowledge and the way you present it all....you just gotta look outside the box....we will never find the true facts even when its over.....

JWJW11,

This attitude is awesome! You are right when saying that people are going to do what they choose to do and nothing anybody else says will change it. I for one don't see anybody really losing out with this investment except for the exchange fees so maybe 30% - 40% at the most if worst comes to worst. So there is no need to try and save anybody... LOL Hope nobody think that is my intention here.

Just wanted to lay some numbers and facts down for anybody who is interested. Thanks for your post JW!

Hey 20 million so good to see you. You do have to admit many changes have been made since last you posted in Iraq, if you can get through their gossip rag news. Hard to say where this is going, realistically your analysis is correct. However no longer are we looking at the 3 zero's thrown off the veggie truck, the currency we now hold is holding. This in itself is a relief for me and should be for all. They are now selling bonds, they are now hooking up electronically, they want to play.

They are actually moving quickly compared to the slow boat to China as before. I really did not believe much was going to happen, ever for a very long time. I am surprised. So I never say impossible. Will we be millionaires tomorrow, probably not, but what they are talking about and their actions seem to relay, the dinar is not going to be paper money anymore. That in itself is very encouraging however it plays out. So stats and history are interesting, that which the world and its people have come to accept, but there is always an anomaly that can change perspectives in short time. Don't believe everything you read, or everything you learned, this is a good way to get stuck in a universe that is open ended.

Hey Zid,

Long time no chat man. Hope all is well with you buddy. You are right, progress is being made in Iraq and the best chance that anybody holding Dinar has is that the "RD Plan" gets thrown out the window and the CBI moves to a managed float.

Keep an eye on the SBA on the 23rd of this month for any possible changes in monetary policy for their exchange rate, might be some good news for those of you holding Dinar!

[FXStockpiling]

Anyone remember in the early 90's when the Mexican Peso went from 3,100 per USD to 3 per USD overnight?

[20Mil]

20mill come to chat and talk to us

Not sure what you mean...

Anyone remember in the early 90's when the Mexican Peso went from 3,100 per USD to 3 per USD overnight?

Yes that was a classic re-denomination. 1000 old Pesos were exchanged for 1 new peso. That was back in 1993... Mexico defaulted on its external debt in 1982. As a result, the country suffered a severe case of capital flight and several years of hyperinflation and peso devaluation. On 1 January 1993, Mexico created a new currency, the nuevo peso ("new peso", or MXN), which chopped three zeros off the old peso, an inflation rate of 100,000% over the several years of the crisis. (One new peso was equal to 1,000 old MXP pesos).

People holding Dinar DO NOT want that to happen!

Edited February 5, 2013 by 20Mil

[JWJW11]

JWJW11,

This attitude is awesome! You are right when saying that people are going to do what they choose to do and nothing anybody else says will change it. I for one don't see anybody really losing out with this investment except for the exchange fees so maybe 30% - 40% at the most if worst comes to worst. So there is no need to try and save anybody... LOL Hope nobody think that is my intention here.

Just wanted to lay some numbers and facts down for anybody who is interested. Thanks for your post JW!

Hey Zid,

Long time no chat man. Hope all is well with you buddy. You are right, progress is being made in Iraq and the best chance that anybody holding Dinar has is that the "RD Plan" gets thrown out the window and the CBI moves to a managed float.

Keep an eye on the SBA on the 23rd of this month for any possible changes in monetary policy for their exchange rate, might be some good news for those of you holding Dinar! :D/>

Thanks! You didn't really sell off did you??? This stuff s way to cheap to not be in it! Do yourself a favor and just buy 100 bucks worth....I dont want to have to talk you down!

[20Mil]

Thanks! You didn't really sell off did you??? This stuff s way to cheap to not be in it! Do yourself a favor and just buy 100 bucks worth....I dont want to have to talk you down!:)/>/>/>

I'm ALL out of Dinar... LOL

Sold off to make some NOW money and am clearing over $20k a month in profits, sometimes much much more. Don't worry about me JW! :P/>/>

Edited February 5, 2013 by 20Mil

[ssmith]

I'm ALL out of Dinar... LOL

Sold off to make some NOW money and am clearing over $20k a month in profits, sometimes much much more. Don't worry about me JW! :P/>/>/>

20 mil, trading forex has to be perfect in hawaii ;I had to trade very late at night till 3 am in the morning; for all the markets to be open.. I would love to hear your insight on trading.. Charts ? Etc..sounds like your doing great ! Forex very intriguing and lots of money to be made or lost if you don't know what your doing.. It's almost like a gamblers dream.. And I think everyone on this site is one way or another a gambler... We all like to dream of hitting the big one..

[JWJW11]

I'm ALL out of Dinar... LOL

Sold off to make some NOW money and am clearing over $20k a month in profits, sometimes much much more. Don't worry about me JW! :P/>/>/>

Lol good for you man! Guy like you can do whatever he wants....im sure thats just the beginning:)

[20Mil]

20 mil, trading forex has to be perfect in hawaii ;I had to trade very late at night till 3 am in the morning; for all the markets to be open.. I would love to hear your insight on trading.. Charts ? Etc..sounds like your doing great ! Forex very intriguing and lots of money to be made or lost if you don't know what your doing.. It's almost like a gamblers dream.. And I think everyone on this site is one way or another a gambler... We all like to dream of hitting the big one..

I like it! 2:00pm Asia opens up. 9:00pm and 10pm EU and UK opens up. I normally go to sleep before US opens up so I don't really actively trade that session.

I prefer Swing trading so positions are typically held anywhere from a few days to a few weeks, sometimes even months.

In a nutshell: I use a Trend Strategy which uses a part of the "Third Screen Strategy" of Dr. Alexander Elder. First, I find in a D1 chart the global trend using the MACD indicator. Once the overall trend is clear, I use the H1 time frame to act in the same trend using the Williams Percentage Indicator. When the positions are opened I manage economic news and fundamental analysis to close the position if I think the trend is about to reverse on the D1 chart.

The above mentioned Trend Strategy is used in confluence with Price Action support Resistance (PASR). Major areas of support and Resistance are found using the Weekly and Monthly charts. It is important to observe Price Action (candle formation) at these significant S&R levels before placing a trade.

Lol good for you man! Guy like you can do whatever he wants....im sure thats just the beginning:)

Everything has its ups and downs in life my friend. The main thing is that people enjoy what they do. If you enjoy what you do you'll feel like you've never worked a day in your life! B)/>

Edited February 5, 2013 by 20Mil

[dontlop]

Hello 20Mil,

Thanks for your astute observations of what can and cannot happen with regard to the IQD. The main issue I, and most optimistic IQD investors, take exception with of your analysis is in our speculation that this is unlike any other situation in recent history, and therefore should not be confined to such narrow constraints.

Yes, every point you make is a salient one with regard to what has occurred in the known past as far as currency valuations are concerned. The unusual dynamics that exist with the IQD pose far more unknowns, and for example include the forced devaluation during the war by the victors, the enormous debt piled on by Saddam and how most of it (80%) has been forgiven, the known and unknown assets and reserves of Iraq, and the political strategies planned for their resurgence as a viable international member of the global community of nations. How such issues are to be resolved, and whether those countries have an agreement with Iraq to take and hold dinars as reserve currency is one such speculation.

Trying to figure out all of the intangibles is an impossible exercise as has been proven time and again by the many who claim to be in the know, or have attempted to discern from the news articles and other so-called privileged information coming from Iraq, or about Iraq. If it was merely a case of adding up what is known, and then looking at what has happened in the past with other "normal" situations of this sort, then I would have to agree with you wholeheartedly that the unthinkable is just a pipe dream. Yet, something deep inside me says that this is far from business as usual, otherwise there is no need for the secrecy and/or obfuscation that continues to occur on a daily if not hourly basis.

Whether or not we who are holding out for the 100,000% increase payday will ever see it is really a moot point. What will eventually occur shall NOT be a secret when it finally occurs, and if you are proven right then I applaud you for you vision. Yet, it is us who hope beyond the obvious that keeps us coming here daily/regularly. For some that is really all we/they have to look forward to. And, if there is harm in that I believe it is well worth it!

Billio0

i agree things are different in iraq than just another country that expierenced hyperinflation . when iraq invaded kuwait every country called in their debts against iraq then they were sanctioned for over 10 years and were not allowed under sanctions to export more than 2 billion dollars a month of oil under oil for food program . saddam was ordered to use those funds for humanitarian uses food and medicine . saddan kept all the money for himself , i dont remember any reckless spending by the counry of iraq that caused anything .. he had to import more than he exported causing inflation of about 300% a year for about 10 years ..it was forced on him . after he was removed , iraq had alot of debt forgiven and inflation has been stablized , iraq is not like argentina ,,or turkey ,, they werent forced into inflation by sanctions and they didnt have their govt removed and replaced . iraq is more in line with japan and germany after ww2 ..except one thing .. the debt forgivness that iraq recieved .. germany had piles of debt for years to payy off . but after their debts were paid off .. their currency sky rocketed , people made a fortune off germanys currency.

Fighting a war is one of the most reliable ways to create a big debt. The British, for example, finished repaying their World War II debt to the U.S. in 2007. Germany will finish repaying its World War I reparations in 2010. Every Allied nation except Finland defaulted on its World War I debt to the U.S.

how many debts has iraq defaulted on so far .

[ssmith]

I like it! 2:00pm Asia opens up. 9:00pm and 10pm EU and UK opens up. I normally go to sleep before US opens up so I don't really actively trade that session.

I prefer Swing trading so positions are typically held anywhere from a few days to a few weeks, sometimes even months.

In a nutshell: I use a Trend Strategy which uses a part of the "Third Screen Strategy" of Dr. Alexander Elder. First, I find in a D1 chart the global trend using the MACD indicator. Once the overall trend is clear, I use the H1 time frame to act in the same trend using the Williams Percentage Indicator. When the positions are opened I manage economic news and fundamental analysis to close the position if I think the trend is about to reverse on the D1 chart.

The above mentioned Trend Strategy is used in confluence with Price Action support Resistance (PASR). Major areas of support and Resistance are found using the Weekly and Monthly charts. It is important to observe Price Action (candle formation) at these significant S&R levels before placing a trade

Thanks buddy sounds good; I would love to get into trading forex again, you are so right about ups & downs; but very rewarding. Long trades verses short pip gains.. Your way sounds like you at least have a life; mine was consuming..love to hook up for some insight; message me if possible. Thanks & good luck buddy..

[Flyers1]

Thanks SSmith,

Yes I am still in Hawaii. FOREX trading has its ups and downs just like anything else in life but I enjoy it a lot which is why I think I have done well. A lot of time and energy goes into this business but at the end of the day it is worth every second of it. Hope you are also doing well. Take care buddy.

Hi 20mil,

Hope you don't mind me asking. I'm also a Forex trader and I was wondering...when using "third screen strategy" do you use a BOT on MT4 to place your orders when it's time to get into a trade or getting out? Or are you doing it all manually? If you think this could be done through a BOT, I have a gentleman who writes code and could probably put something together. Thanks for your input.

Flyers1

[JWJW11]

i agree things are different in iraq than just another country that expierenced hyperinflation . when iraq invaded kuwait every country called in their debts against iraq then they were sanctioned for over 10 years and were not allowed under sanctions to export more than 2 billion dollars a month of oil under oil for food program . saddam was ordered to use those funds for humanitarian uses food and medicine . saddan kept all the money for himself , i dont remember any reckless spending by the counry of iraq that caused anything .. he had to import more than he exported causing inflation of about 300% a year for about 10 years ..it was forced on him . after he was removed , iraq had alot of debt forgiven and inflation has been stablized , iraq is not like argentina ,,or turkey ,, they werent forced into inflation by sanctions and they didnt have their govt removed and replaced . iraq is more in line with japan and germany after ww2 ..except one thing .. the debt forgivness that iraq recieved .. germany had piles of debt for years to payy off . but after their debts were paid off .. their currency sky rocketed , people made a fortune off germanys currency.

Fighting a war is one of the most reliable ways to create a big debt. The British, for example, finished repaying their World War II debt to the U.S. in 2007. Germany will finish repaying its World War I reparations in 2010. Every Allied nation except Finland defaulted on its World War I debt to the U.S.

how many debts has iraq defaulted on so far .

Nice post man!