Why I believe it will RV @ $1 to $1

[dontlop]

If you think that Iraq does not have to conform to international accounting standards, you ought to have a word with the IMF and the Auditors, save them a lot of time and effort.

i know they do when they go global with their curency .. i think thats what they been doing for the last 5 years . getting set up for the transaction . iraq does not have to belong to the imf .. and they dont have to let anyone see their books . but if they want involved in the international community . things must be in order .. once they convert over internationally  they must comply .. they can do anything they want with in their borders .. outside of iraq . different story ... the imf doesnt set exchange rates for any country .. the imf protects you if your a member  other wise why would anyone want to belong . they make sure you get paid as well as you pay your debts ..

 

 iraq is very close as far as i can see to seing their currency on the exchange... id say within a year tops .. and possibly as soon as tommarro . accounting is good for systems that are in place ..

Edited March 3, 2013 by dontlop

[sandyf]

i know they do when they go global with their curency .. i think thats what they been doing for the last 5 years . getting set up for the transaction . iraq does not have to belong to the imf .. and they dont have to let anyone see their books . but if they want involved in the international community . things must be in order .. once they convert over internationally  they must comply .. they can do anything they want with in their borders .. outside of iraq . different story ... the imf doesnt set exchange rates for any country .. the imf protects you if your a member  other wise why would anyone want to belong . they make sure you get paid as well as you pay your debts ..

 

 iraq is very close as far as i can see to seing their currency on the exchange... id say within a year tops .. and possibly as soon as tommarro . accounting is good for systems that are in place ..

Two simple questions

 

If Iraq were to revalue the currency so that it became par with the dollar would the government,banks and companies have to restate the accounts? 

 

Has any country ever restated the accounts because of a currency revaluation?

[dontlop]

Two simple questions

 

If Iraq were to revalue the currency so that it became par with the dollar would the government,banks and companies have to restate the accounts? 

 

Has any country ever restated the accounts because of a currency revaluation?

im not sure how they are going to do it ...how about you . do you know with all that accounting software whats going on with the dinar .. what can you credibly say is going to happen ? seriously are you putting these things into accounting software and then saying what people are talking about isnt credible ?.. i think theres alittle more to monetary policy than accounting .. that comes afterwards ..

heck  i got 700 different ways iraq can go

Edited March 3, 2013 by dontlop

[dontlop]

Can you please explain how this would come about.

 

Under International accounting standards,companies cannot change in value,have to be valued on historical cost basis. If a company was 116 billion dinar, it would become 100 million dinar. Only common sense, take Bank of Baghdad, part of an international group, one bank cannot suddenly become worth more than the rest of the group put together.

Banks are just like companies their capital would also be reduced. It is my understanding that money on deposit is an asset of the bank and would also be reduced. Makes sense,cannot really reduce one without the other or bank would be immediately bankrupt.

So we would have a situation where people with money in the bank would be no better off but you become quite wealthy if it is in your hip pocket. Is this really feasible?

 

I wish someone would come along and explain how this RV could be implemented in the real world...

ok i re read your question .. it does make more sense to me the second time around ... how about this for an answer ..

 

if i  take outa loan for 50 million dinars right now from a bank.. to buy a little home  worth about 45,000 dollars .. but thats about 50 million dinars  right now ..so the bank gives me the loan... then next week they rv and the dinar is worth a dollar each ..does that mean i owe that bank 50 million dollars for that little house ?..

 

i know when currencys are devalued .. your mortgage doesnt go up ... you just keep on paying that same payment .. when your young the payments are hard .. but as the dollars  decrease in value  you earn more money .. but your mortgage is stil the same .

 

i remember my dad struggling to pay his mortgage in 1960 .. 160 a month payment .. by 1989 when he was finishing up his 30 year mortgage ,  he was making enough money  in one day to make his mortgage each month..

 

 

ok so will i still owe  those mortgage payments even after it rvs ?..

 

 cause my payments are going to be around 175 thousand dinars a month .. and if they are worth a dollar each ...im going to have to have one hell of a time making my payments  for that little house .. in other words .. gimmee my money back .. this investment is fake .lol ..rv ..lol its going to rv tonight  when your not looking .. you better stay up all night so you dont miss it ..ya dont want to miss it ... stay tunned ..ill be here every day .. that way i can run to the bank.. and cash in my millions .. and  buy me my time back that i spent day after day chasing the same story  that never happens ... if it doesnt rv tommarro night ,, then tommarro night its going to rv .. dont squander  your opertunity to be logged in  waiting for the great rv live ..tommarro . i mean monday morning .. isnt that what they tell us on friday night before they take the week end off ..its gonna rv monday .. then monday they start the tommarro crap again .... ive noticed they have gone  to tuesday . thursday .. saturday .. latly. they must be cutting back on its staff .. laying off ...cutting hours .. as dinar sales taper off ..,,, crazy world huh .. get ripped off but dont admit it ..present one line of bull crap on top of another .. day after day ..year after year .. and go buy more.. tommarro ... they will never let you walk in and turn in your dinars .. call one of those dealers up and say you would like to drive over to their office and cash in ... they cant have that ..its got to be done by mail

 

 we may get some return .. it might hit 1000 to one .. but thats  about a far as it goes .. then its zero  time ...

 

im just hoping it goes international so i can cash in without paying one more cent to the dealers ... thats the only reason i still hold this crap .. i just cant bare another penny going their way .

 

the explaination is . there  is no explaination. . if they were going to reset the dinar valuation. it would of been done 7 years ago .before they handed out all that dinar,, but they couldnt even do it then..

[boomer113189]

everyone banking on the dinar going international that would be nice

[MyLadiesDaddy]

this is how i know http://goo.gl/I0DY3  Kuwait among world’s top donors: World Bank

 

do you read anything about an RV or currency changing? i dont

 

You know we grow really tired of you government hacks coming on here

 

trying to depress us and tell us this is a scam. If you're gonna make an argument

 

at least have enough intelligence to make a good one. You sir are a fool. By using 

 

Kuwait as your power point you prove my point. Kuwait not only has the most 

 

valuable currency in the world it has been in the top 10 for as long as I can 

 

see.  And it's Amazing that you forget the issue with Kuwait after Saddam 

 

invaded. Kuwait was a donor nation, what ever that means, looooooonnnnnnnnggggggggg

 

before Saddam. If you can't understand simple math then don't try and

 

convince us that were stupid. Iraq simply does not have enough money 

 

at this time to be giving any away. Hell the dang country would be bankrupt 

 

were it not for the U.S. dollar and IMF loans, (which are paid in U.S. dollars for 

 

the most part). So YES IT IS A BIG DEAL THAT THEY WOULD SAY THIS AS THE 

 

POPULAR VIEW AMONG EDUCATED PEOPLE IS THAT IRAQ MUST HAVE A CURRENCY 

 

OF VALUE.  

[boomer113189]

lol

[Goldiegirl]

Not to mention all the countries that have forgiven Iraq's debt...hmmm   Why do that, out of the goodness of their hearts? 

 

There isn't a counrtry around that does anything out of the "goodness of their hearts"...It means something.

 

Wasn't even Italy loaning Iraq some money last year?

 

You have to ask yourself these questions. You have to ask why? There has to be a plan of some sort.

[boomer113189]

the united states does does give money out of there hearts just to say they helped other countries .

iraq needs to do some of these things probably to show that they can get into the WTO be accepted

[Bunk]

with toilet paper money ???

[boomer113189]

iraq currency is good its been stable at the same rate for 3 + years . but iraq said it want to get to 1000 to 1 but dont know if its sustainable. so the currency has some value. mybe not what we wanted but you just cant say they have no value

[doctor robbins]

Not to mention all the countries that have forgiven Iraq's debt...hmmm   Why do that, out of the goodness of their hearts? 

 

There isn't a counrtry around that does anything out of the "goodness of their hearts"...It means something.

 

Wasn't even Italy loaning Iraq some money last year?

 

You have to ask yourself these questions. You have to ask why? There has to be a plan of some sort.

 

What did it mean when the Paris Club forgave billions of debt from Nigeria, Liberia, DR Congo, and Ivory Coast?  http://en.wikipedia.org/wiki/Paris_Club

[MyLadiesDaddy]

the united states does does give money out of there hearts just to say they helped other countries .

iraq needs to do some of these things probably to show that they can get into the WTO be accepted

 

ARE YOU KIDDING ME?

 

Put the crack pipe down and everyting gonna be aire. 

[CaptainWingnut]

Wow!

Such Great comments.

 

What ever Iraq does, RV, RD, Implode, Explode...

 

When it's over, I'm going to miss reading and participating in this stuff.

 

Thanks everyone...

 

Time to "Kick the Tires and Light the Fires"

 

Go RV

[hame55]

I like your thinking and it seems that you are far more versed in economics 

 

than I. But one more question  for you. If Iraq were to rv at say $1.16 how would 

 

that affect the situation? Iraq has stated they want to be a reserve currency and 

 

they do have allot of support, what if most other nations decide to use the dinar

 

and not the dollar? Maybe I'm off here but would like to hear your thoughts.  

Also it has been my take all along that this was the plan too.

 

I have also thought that for a while after the rv then Obama will 

 

​be able to not only create his socialist society but finance it as well.

 

What you have just said would, to me, explain how he could do that.  

Who is telling you the President is creating a socialist country?

You mean the same President who bailed out the banks when they collapsed (capitalists)?

 

That President?

 

Do you realize the tax rate on multi-millionaires used to be 90%?

Obama is pushing less than 35%

 

I am afraid you have no idea what you are talking about when it comes to socialism.

[hame55]

You've got to be kidding me.  Oh where to begin?  It's tough dealing with delusional lefties. Fox news is a cancer?  Well, I would say MSNBC and its parent NBC along with CBS and sometimes ABC are cancers that need to be cut out but since no one watches them there is no cancer.  The reason no one watches is that it's hyper-leftist with zero objectivity.  Are you saying we should get our dose of reality from pin-heads like Chris Matthews, Rachel Maddow, Ed Schulz and Lawrence O'Donnell? Are you saying the mainstream press is not in bed with Obama when they admit they are?  NBC has been caught red-handed three times purposely editing tape to disparage conservatives and you claim they are objective and pass the 'fundamental test of journalism?  THEY ARE ALL HACKS!!!

 

If it weren't for Fox news we wouldn't know about Benghazi other than the fact it was started by a movie.  Still, some leftists believe it.

 

We wouldn't know about the leftist Acorn org. telling people it was alright to prositiute young teenagers. 

 

We wouldn't know that the Obama Whitehouse is selling access to the President. 

 

We wouldn't know about Obama's relationship with Ayers, Wright and Salinsky but we would sure know about John Hagee's support of John McCain and Trump's admiration for Romney.

 

You wouldn't know that sequestor was Obama's idea and that the Republicans already caved on tax increases the last go around but are now somehow obstructionists for not caving in again and accepting new tax increases to avoid sequestor while being promised 'future' spending cuts that everyone knows will never happen with this President or any Democrat.  Hell, Reagan is still waiting for his spending cuts.

 

A partial list of the press you consider impartial:

 

 

ABC, NBS and CBS took over two weeks to report Climategate scandal.

 

Sept 10,  Acorn caught giving advice on how to run a prostitution ring and underage girl trafficking.  No one reports it but Fox.  But CNN reports on a California state conservative caught on tape talking in poor taste.

 

White House caught urging the NEA to further its agenda on audiotape.  If this had happened under Bush?  God help us and front page news

 

State run media has no use for Cindy Sheehan who was protesting Bush for the war in Iraq now that Obama is in office.

 

60 stories about limbaugh’s comments concerning Fluke,  only 1 about Ed Schulz calling laura Ingram a ****. 

 

No press about the Black Panther scandal at polls.  Nothing of Maxine Waters putting in a hiring quota for minorities in the financial reform bill

 

Mainstream media reported FOX said People would go to jail when not buying health insurance.  Didn’t happen

 

1 tea party member says something and the media paints the whole movement with the same brush.  Obama surrounds himself with leftist radicals yet the press says he is not one of them?

 

Reporter from CNN says everyone he interviewed was happy about Obama’s take on the Egyptian crises when actual footage showed nobody was or didn’t know who Obama was

 

MSNBC did not show the signs comparing Wisc governor to Hitler, Mubara and signs  putting a target on his face.

 

Liberal pundits say puclicly they want Clarence Thomas to die, and calling Juan Williams a porch monkey. No outcry at all from the NAACP. Tom Hanks uses a black face in an Ad.  No conservative would be allowed to do that.

 

$10,000 bounty on George Zimmerman by black panthers for shooting Martin.  No press coverage.  Imagine a bounty on a black man by white supremists.  Zimmerman is a white Hispanic.

 

A day after Obama announces support for *** marriage the Washington Post goes after Romney with a story about him bullying a teenager in High School.  The Post indicated he might’ve been ***.  Romney says they didn’t know anything about that in those days.  While nothing is made of Obama shoving a girl in High school while smoking dope and snorting cocaine

 

Imagine the skewering Bush would get if it was found out about white house e-mails to identify protestors.  Nothing about it in the press when Obama does it.

 

No coverage of the tea party at D.C.  Hundreds of thousands there.  A few liberal protesters garner huge coverage.

 

State approved media puts blame on Iraq war for Fort Hood massacre.  Not on Hasan who is muslim

 

Biden remarks about putting blacks back in chains.  Said Obama was ‘clean’. Clinton told Ted Kennedy “back in the day Obama would be serving us coffee”.   Reid said Obama didn’t speak with a black dialect.  Blatantly racist but all get a pass.  Yet Romney when saying Obama should take his negative campaigning back to Chicago gets accused of racism.

 

 

 

Have you had enough or shall I continue?   It is ignorant of you to bring up Hannity.  He does not claim to be objective.  He is a conservative on an opinion show just like the leftists on MSNBC.  I don't care what the State-approved media's opinion is.  Just don't claim you are objective when you are not.  There is no fundamental journalism anymore EXCEPT on FOX.

 

Even though we know Greta and O'Reilly are conservative on their own opinion shows they constantly call out conservatives when the situation calls for it and the FOX Networks general news reporting up until 8pm eastern time is very objective and always includes the news that the mainstream press leaves out on purpose.   The same cannot be said of any of the networks as they always cast the Obama in a favorable light and always dumped on President Bush.  I mean this Drone program is a perfect example.  The press will not condemn Obama for accelerating a program that Bush would get impeached over.

 

As O'Reilly would say,  "Wise up, cause you're acting like a pinhead".

 

 

 

"There is no fundamental journalism anymore EXCEPT on FOX."

 

Your quote. I have taught journalism in universities. You people always amaze me.

You have no valid argument - only details.

Answer this:   Why does FOX violate the number one rule of journalism? The don't separate opinion from straight reporting.

They are one in the same on FOX.

 

Answer me why this is "Fundamental Journalism"

 

(Google "principals of Cronkite journalism" in the 60's and then answer) Pudge, I am afraid you have no blessed idea what you are talking about.

[hame55]

Lol you clearly do watch fox because you can't comprehend.....did you see where I posted that I don't pick party lines and that I have some conservative views as well as some liberal views. Did you miss that or is it that since I disagree with you I'm automatically a liberal. HOW IGNORANT OF YOU.

Yes, I use to watch fox all the time until I saw the product they are selling...it's called ignorance and fear and I don't subscribe to stupidity.

There's been surveys done and fox viewers ALWAYS come in LAST. FACTS!!!

In case you missed it I will say it one last time: FOX, MSNBC, & CNN ARE ALL WORTHLESS. I AM NOT A LIBERAL OR CONSERVATIVE...I DON'T PICK PARTY LINES BECAUSE IT MAKES YOU IGNORANT AND SMALL MINDED.

I'm done responding to people who can't read.

Back to the discussion at hand which is dinar.

You summed it up on the media pretty well there...nice job.

Party line thinking is what the elite want - they want us fighting with each other.

 

People who watch FOX are victims of propaganda - it has to be good lies, well said, with plenty of fallacy to make them seem real...FOX has all that. So as victims, I say to YOU - stand up and think for yourselves.

 

I do not believe all the other news on TV either - it is all manufactured with a bias toward Big Business - because they own the media outlets!!!

 

THINK people. God this is frustrating....

Edited March 3, 2013 by hame55

[MyLadiesDaddy]

Who is telling you the President is creating a socialist country?

You mean the same President who bailed out the banks when they collapsed (capitalists)?

 

That President?

 

Do you realize the tax rate on multi-millionaires used to be 90%?

Obama is pushing less than 35%

 

I am afraid you have no idea what you are talking about when it comes to socialism.

 

This is the ONLY time that I will reply to you. We have done 

 

this before and I wont attempt to do so again. So think what 

 

you wish but simply leave me alone. I wont be here in this 

 

country anyway after the rv. 

[Flatbush Zombies]

Who is telling you the President is creating a socialist country?

You mean the same President who bailed out the banks when they collapsed (capitalists)?

 

That President?

 

Do you realize the tax rate on multi-millionaires used to be 90%?

Obama is pushing less than 35%

 

I am afraid you have no idea what you are talking about when it comes to socialism.

Exactky.....well stated.

Don't forget that corporate profits are at an all time high while wages remain low. Also the Dow is at its highest since 2007. If Obama is a socialist, he's a pretty crappy one lol. He has made wall street and CEOs RICH!!!! But I guess since FOX and all the other hateful conservative media labels him a socialist then he is.

I also will never understand while they scream SOCIALIST at President Obama with hate that they worship the biggest socialist of all time.......JESUS CHRIST! I guess they forgot that Jesus was a huge socialist but I guess it's ok since it's Jesus.

Obama works for wall street and is far from a socialist. Get a clue and start thinking for yourselves and stop believing propaganda. As Hamm said, they want you fighting with each other as both parties laugh at you for your ignorance.

[umbertino]

Quote

Are we in for $1 or are we screwed? Should we all sell our dinar?

End Quote

GoldieGirl... These are the classic Million (or Billion) Dollar questions.....

[drc85260]

As an old behavioral psychologist I'm used

to looking at actions-reactions and asking WHY?

Up front just to be clear... this is just my

My watching this for years and asking WHY?

And then developing my own thoughts to answer

that question.

 

This is me sharing my thoughts with you, not to

convince you but to give you another logical

way to look at what is happening before our eyes.

 

I'm not going to EVEN TRY to post LINKS to any

of the history I will refer to... I don't have the time...

and since I'm not writing this thesis for a grade,

it just ain't going to happen!!

PLUS There are way too many news hounds here

who are WAY better at finding the links than I am

I'm sure if you need a link, ask nicely and one of these

great posters will probably drudge it up for you,

 

Hey, it might be good for you to research it and find it.

Okay, let me share some common knowledge with you.

First,

We know from way too many news stories over

way too many years that Iraq wants to be the strongest

currency in the region (as they once were),

and they have threatened this many times, AND

the financial world is also cheering that behavioral on.

Second,

We also know that the streets of Iraq are now running on

the U.S. Dollar, as about a year ago I wrote a piece

on how Iraq was removing the dinar from the streets

right after the 1166 pip move (that one you can find

if you look up my account and my posts).

When the dust settled after Saleh scared the people,

there was very little dinar left on the streets...

Now it's mainly U.S. Dollars.

My contacts there have told me that

there isn't a dinar to be found.

They've told me that people are hoarding Dinar if they can,

in preparation for the coming RV

(yes the Iraqis believe its an RV coming)

but many have had to use their IQD just to survive.

Third,

Iraq has announced many times that they will require

everyone doing business with them in the future

to do it in IQD.

Fouth,

We also know from current news stories that the Iraqi people

are fed up with their government and the poverty and the

terrible living conditions they are in.

They used to have the U.S. to blame but too much time

has passed and with no real U.S. presence there now

the people are now blaming their governement.

If you've seen the pictures, it looks like freeways

full of people protesting and screaming for the

"heads" of their leaders.

They only get about an HOUR a day of electricity.

WOW! How would you feel with that one?

Many use portable generators just trying to keep

food from spoiling a couple of lights on and

maybe keep an air conditioner going in the hot months.

They are basically Sick and Tired of

being Poor and Sick and Tired and living in the dark.

Iraq is on the tipping point of their own Arab Spring and

their government (let alone the rest of the world)

can NOT afford to have this happen now, or really ever.

Okay, let me share some behavioral theroies

and my thoughts on an RV and the logical amount

based on human behavior.

WE MUST

Keep in mind, this is IRAQ and this is THEIR deal.

They are not doing this for anyone but IRAQ so we have

to keep our minds very focused on them and not let

OUR needs and desires shadow or cloud our objectivity.

First, the people in the streets.

The way to calm the people is to make their living conditions

better and you can do that fast by increasing their buying

power and also sharing with them the wealth of the kingdom.

This comes fast and easy with an RV.

In fact I believe that they have plans to pay every Iraqi

citizen (man, women and child) about $11K / year

as a government shared natural resources allowance.

Okay HERE WE GO,

What if I were in charge of the RV? (scary)

If I were responsible for revaluing the Dinar

I would bring it in in at a 1 to 1 value with the U.S. Dollar

and hold that value for a time.

This could be done pegged at 1:1 and then released

later on a managed float.

During the initial 1:1 pegged time I would closely watch

the de-dollarization of USD in Iraq.

Since the IQD would be equal to the USD currently on the street

this would NOT affect the market place a bit as the value

would be exactly the same.

No harm, no foul. The people and the government WIN.

This would give banks time to receive USD and replace

it with IQD and it would be just business as usual.

I would hold it there at 1:1 for maybe six to eight weeks

depending on how fast the USD is moving off the streets,

If I wanted the USD to come off the streets FASTER

I would only have to raise the value of the IQD above the USD

Probably to about 1.16 to 1 (USD to IQD)

which would cause a small financial panic and

the remaining USD would FLY off the streets.

Raising the value of the IQD over 1:1 devalues the USD

and it is no longer a desired commodity.

It lessens the people's buying power.

It will dissappear from the market place OVER NIGHT.

Now the behavioral reason for the initial 1:1

If you were in Iraq and you had $10 USD

to go to the store to buy groceries,

you could buy $10 worth of value right?

Of course, its the main currency in cirulation

so everything is priced accordingly.

If I revalued your IQD at 1:1, you can still

go buy $10 worth of value with your $10USD

and  you can go to the bank and

trade ALL of your USD in for IQD and not get BURNED.

If however IF I initially revalued the IQD at 2:1

(This would be GREAT for those of us outside of Iraq but again lets not let our need and greed cloud our judgment and objectivity), {I wrote this across the page for you Goldiegirl !!}

BUT if you were IN Iraq, your $10 USD would now only have

$5 of Buying Power.

You just LOST half the value of the money you have and are using.

How would YOU feel if you were in Iraq and you were

beat up and robbed by government yet AGAIN!

Arab Spring would STILL BE COMING. NOT GOOD!

Keep in mind, this is ALL ABOUT IRAQ and their PEOPLE.

It is NOT about US or U.S. or ANYONE outside of Iraq.

If I revalue it at more than 1:1 the people of Iraq loose.

More about this in a moment

 

If I revalue it at 1:1 and let the people ADJUST to it,

when I move it to 1.16 : 1, the people can't blame the

governement for any loss they incur as they will have had

time to make the switch.

 

If they haven't made the switch in time, they will loose 16%

of the value off their US Dollars and they WILL dump them.

 

I believe most will switch quickly @ 1:1 for two reasons,

One, their history, they know the IQD will go higher and the USD lower.

Two, Patriotism. They WANT their OWN currency.

Now, what about the IQD outside of Iraq?

This is very simple and falls in step with Iraq's

decree that everyone will do business with Iraq in IQD.

Iraq's biggest natural resource is of course OIL.

Here's what happens in a very simplified version

and you can find this in detail in Adam's writtings.

When anyone outside of Iraq cashes in IQD, it will

NOT go back to Iraq IMMEDIATELY.

In fact it will not even effect Iraq immediately.

When you cash in (we'll just us the U.S. cash in as an example)

The IQD will be turned in to a U.S. Bank which will eventually

get reimbursed by our central bank known as the

"Federal Reserve" who will turn it over to the U.S. Treasury.

There's a bunch of fees and trades that occur in this process

and everyone takes their cut along the way

but suffice it to say, it does NOT go back to Iraq immediately.

The Fed keeps the IQD and uses it in the future to buy what?

OIL from Iraq, ergo the decree everyone will do business

with Iraq in IQD.

The VALUE that you will get at cash in will actually come

from the U.S. Treasury backing your bank.

The U.S. Treasury's value comes from the value of the IQD

based on Iraqi OIL and the IQD sures up the U.S. Treasury

against debt.

 

Because we are allowed to purchase IQD and cash it

in, we are the MULES bringing it in and the U.S. Gov

will eventually get the biggest BANG out of it.

 

It's how our government will own a large chunk of Iraqs oil,

Thank you President Bush and VP Cheney for an ingenious plan.

Therefore, Iraq doesn't really care how much IQD is "Out there"

because it will come back to them as tender for OIL and

only as they pump it from the ground.

That means that all of the IQD outside of Iraq is valued

by the OIL that is still in the ground and they're not

forced to cover it from their vaults..

What we do know by procedure and treaties is that

the IQD can only be used by foreign governments

for trading with Iraq and buying Iraqi commodities. OIL.

Now lets talk MORE about the 1:1 value.

Think about this.

If Iraq comes in at 1:1 and cleans the USD off the streets,

when they move it to 2:1 they will have DOUBLED

their money and therefore PAID for the entire RV.

AGAIN, they don't substantially CARE what's outside of Iraq.

Their books are ZERO..... BALANCED owning no one.

When they move to 3:1 they POCKET as much as it originally

cost them and they have NO debt associated with it.

Can you say PROFIT from the RV?

Sure I hear a lot of talk about an initial RV of

$3.41 and even $4 but I believe that this would cause

too much shock to Iraqs economy let alone

the psyche of all Iraqis.

Oh,

I believe they would have liked to come in at 10cents to 1

and then, when they got to 20 cents to 1

they'd have paid for it! Lock, Stock and Barrel.

Then it would just be profit, profit, profit as they climbed

back to their mid $3 range where they fell from.

But time has become their enemy and I believe as you can see

that they can't come in lower than $1

The streets are full of USD and coming in at anything

LESS than 1:1 will only enrage the people more, making

them feel that their countries leaders are still devaluing

their homeland and resources.

That alone will still - Bring on the Iraqi Arab Spring.

Hey, anything less than 1:1 and their IQD

is still worth LESS than the USD,

the USD that they're ALREADY USING

and they WILL NOT change.

People do NOT trade DOWN willingly.

We ALWAYS hold our ground or trade UP.

Nope, I believe 1:1 is the Win/Win for the government

AND the people and I for one will be VERY HAPPY

with 1:1...

After we see the USD off the streets in Iraq,

we'll see it climb. Be ready!!

Thanks All in advance

for reading my worth of thoughts.

CaptainWingnut

Go RV

SOON

Think about this.

If Iraq comes in at 1:1 and cleans the USD off the streets,

when they move it to 2:1 they will have DOUBLED

their money and therefore PAID for the entire RV.

AGAIN, they don't substantially CARE what's outside of Iraq.

Read more: http://dinarvets.com/forums/index.php?/topic/142702-why-i-believe-it-will-rv-1-to-1/#ixzz2MWn1B6OC

 

I am afraid you may be forgetting one important thing?

If the IQD were to revalue at 1 to 1, how will they cover the expense of the outstanding currency, whatever number you choose.

The US has a debt of 17 Trillionish and we are the richest country in the world and we can't pay it. How do you think a war torn country can pay for it?

And don't tell me with oil, that will only cover a very little bit.

[sandyf]

ok i re read your question .. it does make more sense to me the second time around ... how about this for an answer ..

 

if i  take outa loan for 50 million dinars right now from a bank.. to buy a little home  worth about 45,000 dollars .. but thats about 50 million dinars  right now ..so the bank gives me the loan... then next week they rv and the dinar is worth a dollar each ..does that mean i owe that bank 50 million dollars for that little house ?..

 

The simple answer is no. The loan is an asset of the lender and assets cannot change in value.(real terms) through currency changes. Only 'cash items' in a set of accounts are influenced by currency changes.

[vietnam1969]

Wingnut

     I enjoyed your article very much. It makes more sense than anything I have read so far. Thank you and keep thinking what the next one will be.

[Goldiegirl]

the united states does does give money out of there hearts just to say they helped other countries .

:lol:

Now that is funny....I think you are smoking something funny

[doctor robbins]

boomer113189 is right about the US giving money for humanitarian reasons, in cases such as Haiti in 2009.  We even donated to Iran after an earthquake in 2003 killed 30,000 people.  I don't think anybody can make the argument that there were any strings attached in either case.  Historically though, our foreign aid has been used to combat communism.  There's no question that we have a geopolitical strategy in helping Iraq to become a successful democracy, but that doesn't mean that any revaluation is part of that strategy.