Friday Bytes: Kaperoni Defines Deleting The Zeros - Its Not An RD !

[DinarThug]

CNN. Broadcasting After Discovering A Hole In The Fence Of A Nudist Colony - CNN Is Looking Into This !

 

 

4-26-2013  Newshound Guru Kaperoni   Though some want to classify "deletion of zeros" as a redenomination, it’s only a title for an event.  When Iraq raises the value of the dinar to a point in which the value warrants new lower denomination bills issued by the CBI, then they will "declare" they have "deleted the zeros" because they removed most or all of the larger 3 zero notes and replace them with smaller bills. 

 

 

4-26-2013  Newshound Guru Kaperoni   It has been stated numerous times that "delete the zeros" is nothing more than a title for the project (even renamed “lifting of zeros” to make it easier to understand).  It is not a particular action which some want you to believe.  And yes, based on several statements from the AMF, economists, and the CBI themselves, we believe the dinar will rise via a float.  As dinar investors that is all we care about...the rise of the value.

 

4-26-2013  Intel Guru Delta  There are 8 construction companies in Bagdad, in Iraq & none of these people have been paid yet for 4 months. I talked to the director in charge of the Qui [sp] cards & he said the only way to go international is to go with Master Card, not the local card & in order to do that you have to have a tradable currency.  They were supposed to do it a month ago, but nothing happened.  The director said they are waiting for them to raise the value of the currency.  They are waiting for this one thing.  They can not go with the program rate of 1166.  There is a good possibility that the rate could be 1 - 1 and then go up.  It will not be a free float.  That would be a disaster for Iraq.  The only thing that would work would be a managed float. 

 

[geman]

thanks thug.    

[Silverdinar]

I'll be glad to get  a 1-1 formula for this blessing.  But anything over a dime I'll be happy. Go RV  !!!!!!!!!! 

[eburt]

Only time will tell - heard this same song over over again - Thanks for posting..GO RV

[Dandee]

The United States "deleted the zeros" also.  Remember when (if you're old enough) that there were one thousand dollar bills and five hundred dollar bills in circulation?  The Federal Reserve took them out.  They simply pulled them as they were "deposited".........  never to be seen again.  Iraq has NEED of a 25,000 dinar note.  When they are spending a 1000 note for a simple loaf of bread because the currency has no value they NEED a large note.  AFTER an RV, when that same loaf costs our equivilent of a buck they'll have no need for the higher denoms but will then NEED the smaller so they purchase every day items with currency and get change back.  Thats my take on the situation for what its worth.     

[NWGUY]

 

Jumping for joy, now that we have a definition of deleting zero's, or lifting zero's! 

 

Managed Float is good also....just make it start at a decent rate!

 

Will turn in my large notes to help!

 

Will immediately retire!! 

 

Play a lot of golf!! 

 

Go RV or RI Soon !!!

[fib1618]

Kraperoni is dead wrong. 

[keepmwlknfny]

No he isnt! All the gurus are right and the news outlets and the CBI are wrong hahaha

Apparently we.want it to redenominate.....

If they do redenominate, and dont allow anyone outside the country to exchange, people are gonna.be left with worthless wall paper and they wont have anyone to blame but themselves for not doing their.own.homework on the situation.....

[Elixirbaby]

Who works for 4 months without being paid?

[DinarThug]

Who works for 4 months without being paid?

Idk But The GOI Gets Paid For 4 Months Without Working !

[NWGUY]

No he isnt! All the gurus are right and the news outlets and the CBI are wrong hahaha

Apparently we.want it to redenominate.....

If they do redenominate, and dont allow anyone outside the country to exchange, people are gonna.be left with worthless wall paper and they wont have anyone to blame but themselves for not doing their.own.homework on the situation.....

 

 

My personal opinion on that, is that the UN has their thumb on Iraq.  There is too much invested in Iraq for the UN to let them off the hook, after all the countries have invested in Iraq, loaned them money, and protected them, to let screw everyone over.  Afterward, do you think they would let them revalue their currency, and become the richest country in the world, and be completely off, scott free?  Whether the UN cares about the little people or not, they do care about their big picture, and I really believe, that they are going to make sure that Iraq does not get out of Chapter 7, without some share of that wealth!

 

JMHO!!

 

Go RV or RI Soon!!!

[BETTYBOOP]

NWGUY....I could not have put that better myself. Totally agree with your thinking +1 to you. .

[10 YEARS LATER]

My personal opinion on that, is that the UN has their thumb on Iraq.  There is too much invested in Iraq for the UN to let them off the hook, after all the countries have invested in Iraq, loaned them money, and protected them, to let screw everyone over.  Afterward, do you think they would let them revalue their currency, and become the richest country in the world, and be completely off, scott free?  Whether the UN cares about the little people or not, they do care about their big picture, and I really believe, that they are going to make sure that Iraq does not get out of Chapter 7, without some share of that wealth!

 

JMHO!!

 

Go RV or RI Soon!!!

AB-SO-FRAGGIN-LOOTLEY   

[R2d2dc]

Thanks as always Thuggie

r2