keepmwlknfny Posted December 11, 2013 Report Share Posted December 11, 2013 Every one of those articles were from economies that were suffering from Hyperinflation, Iraq's currency is hyper-inflated, but the economy isn't hyper-inflated. Yes those countries deleted three zeros and they devalued their currency, but that doesn't mean deleting three zeros means lop when it comes to Iraq. (see the quote below from a recent news article.) - All thats saying is that their economy is not similar to others.....not that deleting the zeros isnt a redenomination which magically is used in kany references to deleing the zeros. There is no speculation on what deleting the zeros is, only if they are lying about doing it.....thats really what we are speculating on...... 1 1 Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 That's what we want! It doesn't mention devaluing their currency, quite the opposite! - Those new currency notes would be under a different ISO CODE. They would be the ones with the rate of just under a dollar... (.86) The IQD would remain at .00086 1 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 I think we can safely assume M2 numbers bear no relation what so ever on a countries exchange rate I better say it again a countries M2 has no bearing on the same countries exchange rate The lopsters main argument for why Iraq won't revalue has now been debunked. To fib I may have lost the battle but I have not lost the war Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 (edited) . Edited December 11, 2013 by fib1618 Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 (edited) the central bank or iraq - Implementing monetary policy (including exchange rate policies) http://goo.gl/dlGh0m they set the rates Edited December 11, 2013 by boomer113189 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 I can post more m2 numbers and exchange rates if people need further proof Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 and the cbi has sated they want to delete the three zeros countless time it just they have postponed it due to timing is not right Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 Those new currency notes would be under a different ISO CODE. They would be the ones with the rate of just under a dollar... (.86) The IQD would remain at .00086 What is the ISO Code for the New Currency? - Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 I think we can safely assume M2 numbers bear no relation what so ever on a countries exchange rate I better say it again a countries M2 has no bearing on the same countries exchange rate The lopsters main argument for why Iraq won't revalue has now been debunked. To fib I may have lost the battle but I have not lost the war At a restaurant on my iphone. Girlfriend is mad. Talk to you tomorrow. What is the ISO Code for the New Currency? - They'll release one before the rd. No idea. Link to comment Share on other sites More sharing options...
boomer113189 Posted December 11, 2013 Author Report Share Posted December 11, 2013 That's for you to do, you're the one that says deleting the zeros means lop. Bring us a definitive article from the IMF, World Bank, the FED etc, that deleting the zero's means LOP and I'll agree with you. But you won't find that, because there isn't one. We are all here speculating on that meaning, you think it means one thing, we think it means something else. So you sit here saying over and over and over again, that it means LOP ain't going to make it so. - the imf - fed - world bank dont set the dinar rate so its impossible to find it but the cbi does controll and set the rates and i have many articles say they want to delete the zeros http://goo.gl/twj7Y3 there wont be a new iso code till they Officially release the new currency to the market place Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 Country Comparison :: Stock of broad money This entry covers all of "Narrow money," plus the total quantity of time and savings deposits, credit union deposits, institutional money market funds, short-term repurchase agreements between the central bank and commercial deposit banks, and other large liquid assets held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy. National currency units have been converted to US dollars at the closing exchange rate for the date of the information. Because of exchange rate movements, changes in money stocks measured in national currency units may vary significantly from those shown in US dollars, and caution is urged when making comparisons over time in US dollars. In addition to serving as a medium of exchange, broad money includes assets that are slightly less liquid than narrow money and the assets tend to function as a "store of value" - a means of holding wealth. BROAD MONEY (M2) - CIA FACTBOOK - (in US Dollars - $)1 China $ 15,490,000,000,0002 Japan $ 13,120,000,000,000 3 United States $ 12,990,000,000,000 4 European Union $ 12,270,000,000,000 5 Germany $ 4,281,000,000,000 6 United Kingdom $ 3,884,000,000,000 7 France $ 2,571,000,000,000 8 Spain $ 1,969,000,000,000 9 Italy $ 1,944,000,000,000 10 Brazil $ 1,878,000,000,000 11 Australia $ 1,708,000,000,000 12 Korea, South $ 1,596,000,000,000 13 Canada $ 1,523,000,000,000 14 India $ 1,451,000,000,000 15 Switzerland $ 1,166,000,000,000 16 Hong Kong $ 1,148,000,000,000 17 Taiwan $ 1,119,000,000,000 18 Netherlands $ 1,119,000,000,000 19 Russia $ 1,061,000,000,000 20 Mexico $ 738,000,000,000 21 Belgium $ 543,200,000,000 22 Thailand $ 488,700,000,000 23 Malaysia $ 458,500,000,000 24 Sweden $ 440,200,000,000 25 Austria $ 426,500,000,000 26 Singapore $ 400,800,000,000 27 Turkey $ 386,500,000,000 28 Saudi Arabia $ 360,300,000,000 29 Indonesia $ 355,400,000,000 30 Norway $ 309,200,000,000 31 Portugal $ 298,300,000,000 32 Poland $ 293,400,000,000 33 Ireland $ 291,100,000,000 34 South Africa $ 277,000,000,000 35 Greece $ 251,500,000,000 36 Untd Arab Emrts $ 234,700,000,000 37 Denmark $ 230,800,000,000 38 Luxembourg $ 229,900,000,000 39 Israel $ 208,800,000,000 40 Iran $ 199,900,000,000 41 Chile $ 193,200,000,000 42 Egypt $ 192,500,000,000 43 Venezuela $ 188,200,000,000 44 Finland $ 183,400,000,000 45 Vietnam $ 163,900,000,000 46 New Zealand $ 154,600,000,000 47 Czech Republic $ 151,700,000,000 48 Colombia $ 151,200,000,000 49 Algeria $ 150,000,000,000 50 Argentina $ 148,600,000,000 51 Philippines $ 132,500,000,000 52 Kuwait $ 109,400,000,000 53 Morocco $ 107,200,000,000 54 Qatar $ 97,970,000,000 55 Ukraine $ 97,400,000,000 56 Lebanon $ 97,040,000,000 57 Nigeria $ 80,100,000,000 58 Pakistan $ 76,160,000,000 59 Hungary $ 74,500,000,000 60 Peru $ 73,970,000,000 61 Iraq $ 71,480,000,000 62 Oman $ 71,420,000,000 63 Kazakhstan $ 70,360,000,000 64 Bangladesh $ 66,840,000,000 65 Romania $ 63,440,000,000 66 Cyprus $ 56,250,000,000 67 Slovakia $ 52,730,000,000 68 Macau $ 46,800,000,000 69 Angola $ 44,650,000,000 70 Croatia $ 43,470,000,000 71 Libya $ 42,390,000,000 72 Jordan $ 38,610,000,000 73 Bulgaria $ 37,680,000,000 74 Cuba $ 36,290,000,000 75 Tunisia $ 31,060,000,000 76 Syria $ 30,170,000,000 77 Panama $ 29,720,000,000 78 Ecuador $ 26,550,000,000 79 Slovenia $ 26,520,000,000 80 Mauritius $ 26,170,000,000 81 Bahrain $ 24,380,000,000 82 Sri Lanka $ 21,890,000,000 83 Guatemala $ 21,760,000,000 84 Kenya $ 21,230,000,000 85 Costa Rica $ 20,090,000,000 86 Serbia $ 19,780,000,000 87 Lithuania $ 19,320,000,000 88 Domincn Repblic $ 17,850,000,000 89 Azerbaijan $ 17,680,000,000 90 Trinidad&Tobago $ 17,280,000,000 91 Bolivia $ 17,130,000,000 92 Uruguay $ 16,970,000,000 93 Ethiopia $ 13,350,000,000 94 Belarus $ 13,320,000,000 95 Sudan $ 12,830,000,000 96 Malta $ 12,660,000,000 97 Iceland $ 12,570,000,000 98 Nepal $ 12,120,000,000 99 Estonia $ 12,110,000,000 100 Latvia $ 12,090,000,000 101 Brunei $ 11,620,000,000 102 Ghana $ 11,560,000,000 103 Cote d'Ivoire $ 11,010,000,000 104 Zimbabwe $ 11,000,000,000 105 Yemen $ 10,590,000,000 106 Paraguay $ 10,110,000,000 107 Albania $ 9,951,000,000 108 Bosnia & Herzna $ 9,577,000,000 109 El Salvador $ 9,527,000,000 110 Honduras $ 9,112,000,000 111 Papua NewGuinea $ 8,624,000,000 112 Uzbekistan $ 8,310,000,000 113 Tanzania $ 8,285,000,000 114 Botswana $ 7,600,000,000 115 Namibia $ 7,433,000,000 116 Jamaica $ 7,309,000,000 117 Gaza Strip $ 6,674,000,000 118 West Bank $ 6,674,000,000 119 Bahamas, The $ 6,482,000,000 120 Afghanistan $ 6,351,000,000 121 Cameroon $ 6,279,000,000 122 Senegal $ 5,818,000,000 123 Barbados $ 5,711,000,000 124 Macedonia $ 5,709,000,000 125 Cambodia $ 5,695,000,000 126 Cayman Islands $ 5,564,000,000 127 Mongolia $ 5,456,000,000 128 Mozambique $ 5,268,000,000 129 Zambia $ 4,906,000,000 130 Georgia $ 4,720,000,000 131 San Marino $ 4,584,000,000 132 Uganda $ 4,162,000,000 133 Gabon $ 3,918,000,000 134 Burkina Faso $ 3,910,000,000 135 Eritrea $ 3,889,000,000 136 Congo, Rep $ 3,753,000,000 137 Laos $ 3,556,000,000 138 Armenia $ 3,555,000,000 139 Haiti $ 3,509,000,000 140 Moldova $ 3,498,000,000 141 Mali $ 3,401,000,000 142 Nicaragua $ 3,136,000,000 143 Equator Guinea $ 3,115,000,000 144 Congo, Dem Rep $ 3,087,000,000 145 Benin $ 2,950,000,000 146 Madagascar $ 2,926,000,000 147 Fiji $ 2,495,000,000 148 Suriname $ 2,300,000,000 149 Tajikistan $ 2,000,000,000 150 Montenegro $ 1,982,000,000 151 Kyrgyzstan $ 1,952,000,000 152 Guinea $ 1,915,000,000 153 Aruba $ 1,765,000,000 154 Guyana $ 1,696,000,000 155 Turkmenistan $ 1,652,000,000 156 Chad $ 1,642,000,000 157 Rwanda $ 1,536,000,000 158 Togo $ 1,534,000,000 159 Malawi $ 1,382,000,000 160 Cape Verde $ 1,362,000,000 161 Maldives $ 1,298,000,000 162 Belize $ 1,263,000,000 163 Niger $ 1,201,000,000 164 Djibouti $ 1,158,000,000 165 Sierra Leone $ 1,152,000,000 166 Saint Lucia $ 1,149,000,000 167 Antigua&Barbuda $ 1,131,000,000 168 Swaziland $ 1,106,000,000 169 Bhutan $ 1,018,000,000 170 SaintKittsNevis $ 964,100,000 171 Lesotho $ 897,000,000 172 Grenada $ 715,600,000 173 Liberia $ 664,100,000 174 Vanuatu $ 610,800,000 175 Seychelles $ 553,400,000 176 Burundi $ 519,000,000 177 Gambia, The $ 512,200,000 178 Central AfrRep $ 459,700,000 179 Saint Vincent $ 431,900,000 180 Guinea-Bissau $ 414,300,000 181 Dominica $ 413,700,000 182 Timor-Leste $ 386,900,000 183 Solomon Islands $ 386,400,000 184 Anguilla $ 383,300,000 185 Samoa $ 327,900,000 186 Comoros $ 212,100,000 187 Tonga $ 169,200,000 188 Cook Islands $ 148,200,000 189 Micronesia, $ 118,400,000 190 Sao Tome $ 80,550,000 191 Montserrat $ 71,330,000 can I say something to you markinsa - you bloody ROCK!! Added you as a friend hope that's ok Link to comment Share on other sites More sharing options...
Markinsa Posted December 11, 2013 Report Share Posted December 11, 2013 can I say something to you markinsa - you bloody ROCK!! Added you as a friend hope that's ok Check out the M1 numbers Friend adds are ok. - Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 Check out the M1 numbers Friend adds are ok. -thanks Markinsa for the link - I might compile a chart or a couple of charts showing how M1 and M2 numbers have no correlation on a countries exchange rate. I think breitling was correct on that old conference call- amateur hour lol Link to comment Share on other sites More sharing options...
sandfly Posted December 11, 2013 Report Share Posted December 11, 2013 HEHEHEHEHEEE 1 Link to comment Share on other sites More sharing options...
Jack5657 Posted December 11, 2013 Report Share Posted December 11, 2013 I think we can safely assume M2 numbers bear no relation what so ever on a countries exchange rate I better say it again a countries M2 has no bearing on the same countries exchange rate The lopsters main argument for why Iraq won't revalue has now been debunked. To fib I may have lost the battle but I have not lost the war LOL. I've been "lurking" both here & over on DBB for a while and Dinarbeliever, you didn't just "lose the battle" you were utterly mauled & taken apart all aspects to a degree it was almost cringe-worthy to see what you'd write next (and everyone can see it except yourself). butt-kicking: Even now you're talking gibberish. Eg, Venezuela lopped back in 2003 from 4k to just 4 (it took all of 20s to find that out). And you hold that up as "proof of Iraq's imminent RV". Funny thing is, Venezuela has twice the amount of oil reserves Iraq does, (which also shoots down "Iraq will RV because of their oil") in flames too... Venezuela also has a much lower black market currency due to Chavez's fake unsustainable pegs. As for other countries, you've also ignored both the facts that 1. The pegged countries all have vastly different amounts of Forex reserves backing their pegs, and 2. Half of them (Canada, etc) are floating not pegged and valued by the market not some centrally planned Communist dictat that you dream of Iraq becoming. You really don't understand anything about currencies in the real world, do you? The funny thing is Markinsa's table says the exact opposite of what you think it does - Iraq has a money supply worth just $71.4bn. That's its value. Not 71 TRILLION dollars but 71 BILLION dollars. Given Iraq only has around $70bn-$80bn CBI reserves to maintain its peg, and has printed about 80,000-85,000bn bn or so Dinar (compared to Kuwait's 30bn KWD - gee I wonder why there's such a +3,000x difference in exchange rate between them... ), 1000:1 to 1100:1 *IS* the Dinar's genuine "fair pegged" rate. See IMF quote saying just that on the forum you lost your argument. So there isn't going to be any $84 TRILLION "RV" ($1) or completely silly $285 TRILLION "RV" ($3.5 rate) or the CBI would run out of $ before they "RV'd" even 0.1% of Dinar in circulation. And you clap and cheer and claim "she proves you right". "Amateur hour" indeed... As someone else said, look at the "flip-side" of an RV on all future trade : who the hell's going to pay $35,000 to import a product worth $8.60 from Iraq tomorrow (10,000 Dinar @ "3.5 rate" with no lop (because "RV's" don't adjust internal prices only external rates) when it only cost $8.60 today (10,000 Dinar @ 1164:1), and would still only cost $8.60 to import from Turkey, Jordan, etc. shakehead: Like that guy told you on the other forum - if Iraq makes the Dinar 1,000-3,500x more valuable in real terms vs every other country on Earth, then the result is the same effect on trade with Iraq as if everyone else devalued their currencies vs a static Iraq. And all that would do is destroy Iraq's export economy and kill off all investment in Iraq. It takes an 'extra special person' to pump that day after day without seeing the obvious fallacy... Moving the FX rate in real terms also moves how expensive / cheap it is to trade with your country in future (that's why China under-pegs the Yuan) and moving the Dinar 3,500x in real terms also makes it 3,500x more expensive for non-Iraqi's to buy stuff from Iraq, has been the giant "elephant in the room" that's been staring you in the face the whole time... All these people obsessed with "me and my banknotes, I'm gonna be rich!" delusions of grandeur have all collectively "forgot" why currencies exist in the first place - for trade (or why the Dinar fell in value in the first place - plain and simple inflation)... Give it up guy. You lost Big-time. That's why you ended up with such hypocrisy as cheering the fantasy RV here whilst simultaneously posting this over there:- Dinarbeliever : "If those m2 figures are correct then it's certain the dinar will lop". And if your "advice" now is anything like your past track pumping record, you're already a lost cause... "6-1-13 DinarBeliever: I used to think it would not happen overnight. But now recently I firmly believe it will happen overnight and I will go out on a limb here before 8th July 2013". 2 1 Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 (edited) thanks Markinsa for the link - I might compile a chart or a couple of charts showing how M1 and M2 numbers have no correlation on a countries exchange rate. I think breitling was correct on that old conference call- amateur hour lol Would you please pass me a hit of whatever your smoking? I gotta have some of dat. HEHEHEHEHEEEI agree. He's cracking me up too. Edited December 11, 2013 by fib1618 Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 (edited) ...................... Dinarbeliever doesn't understand that he has to factor in a countries foreign currency reserves when talking m2's and exchange rates..Iraq has about $80Billion in reserves some countries have reserves that dwarf Iraq's. Some measured in the trillions. ...................... ...................... You wonder why a country with a similar m2 number has a higher exchange rate than Iraq. It's because they have a stash of reserves much higher than Iraq's. This chit ain't rocket science. Edited December 11, 2013 by fib1618 Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 (edited) ................. Dinarbeliever, I saw that comment you made above about me winning the battle but you're gonna win the war. I didn't win nothing. I'm a friggin joke. One thing that did happen is those really smart guys on that other site totally mopped the floor with your backside. Edited December 11, 2013 by fib1618 Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 (edited) .................................. I know that I can be like a broken record, but..... I'm STILL WAITING for you go rv'ers to show me an "overnight"... positive currency revaluation of more than 20%. I've been waiting for months now. Nothing... .they don't happen. Edited December 11, 2013 by fib1618 Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 (edited) ..................... Wow!!!! Another dinar pumper lie has been exposed. To bad I'm not allowed to bring it over and paste it here. Crying shame. Edited December 11, 2013 by fib1618 Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 ..................... Wow!!!! Another dinar pumper lie has been exposed. To bad I'm not allowed to bring it over and paste it here. Crying shame. Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 ...................... I'm still trying to figure out why folks post the currency auctions here. What the heck are we supposed to glean from them???? Link to comment Share on other sites More sharing options...
fib1618 Posted December 11, 2013 Report Share Posted December 11, 2013 ....................... Remember this load of donkey dung? "11-8-2013 Intel/Newshound Guru Poppy3 I AND BGG TOLD EVERYONE MANY TIMES THAT THE CLOSER WE GET TO THE REAL RV THE MORE WILD STORIES AND MIS INFORMATION WILL BE TOLD. REMEMBER KUWAIT AND CHINA BOTH ANNOUNCED THE DAY THEY RV’ED THAT THEY WHERE NOT READY TO RV AND WOULD WAIT AT LEAST 3 MONTHS BEFORE THEY WOULD RV AND THAT SAME DAY AT 3PM THEY RV’ED. CHINA EVEN TOOK OUT A FULL PAGE ADD IN THE WSJ THAT MORNING EDITION SAYING THEY WOULD NOT RV AND AT 3 PM THEY DID . WE ARE LOOKING GOOD PEEPS." People actually fell for these lies. What really happened???? Link to comment Share on other sites More sharing options...
caz1104 Posted December 11, 2013 Report Share Posted December 11, 2013 (edited) Fib/Mr Rich/......and whomever else you are or have been, If you're truly about helping others why not go to the other sites you mention and educate. Here at DV the majority know the pros & cons and accept them. You keep talking about other sites and their lies, well do something if it bothers you so, attack the liars there where someone will hear you, they don't/can't hear you here. But as you and I know it's about attention/ego and you won't get either stroked at the other sites. I heard thru the grapevine DBB has made you a honorary DB..................LOL who didn't know that. I applaud you on your self righteousness.....................GO RD/MIN GAIN!!!!!!!! Edited December 11, 2013 by caz1104 Link to comment Share on other sites More sharing options...
dinarbeleiver Posted December 11, 2013 Report Share Posted December 11, 2013 LOL. I've been "lurking" both here & over on DBB for a while and Dinarbeliever, you didn't just "lose the battle" you were utterly mauled & taken apart all aspects to a degree it was almost cringe-worthy to see what you'd write next (and everyone can see it except yourself). butt-kicking: Even now you're talking gibberish. Eg, Venezuela lopped back in 2003 from 4k to just 4 (it took all of 20s to find that out). And you hold that up as "proof of Iraq's imminent RV". Funny thing is, Venezuela has twice the amount of oil reserves Iraq does, (which also shoots down "Iraq will RV because of their oil") in flames too... Venezuela also has a much lower black market currency due to Chavez's fake unsustainable pegs. As for other countries, you've also ignored both the facts that 1. The pegged countries all have vastly different amounts of Forex reserves backing their pegs, and 2. Half of them (Canada, etc) are floating not pegged and valued by the market not some centrally planned Communist dictat that you dream of Iraq becoming. You really don't understand anything about currencies in the real world, do you? The funny thing is Markinsa's table says the exact opposite of what you think it does - Iraq has a money supply worth just $71.4bn. That's its value. Not 71 TRILLION dollars but 71 BILLION dollars. Given Iraq only has around $70bn-$80bn CBI reserves to maintain its peg, and has printed about 80,000-85,000bn bn or so Dinar (compared to Kuwait's 30bn KWD - gee I wonder why there's such a +3,000x difference in exchange rate between them... ), 1000:1 to 1100:1 *IS* the Dinar's genuine "fair pegged" rate. See IMF quote saying just that on the forum you lost your argument. So there isn't going to be any $84 TRILLION "RV" ($1) or completely silly $285 TRILLION "RV" ($3.5 rate) or the CBI would run out of $ before they "RV'd" even 0.1% of Dinar in circulation. And you clap and cheer and claim "she proves you right". "Amateur hour" indeed... As someone else said, look at the "flip-side" of an RV on all future trade : who the hell's going to pay $35,000 to import a product worth $8.60 from Iraq tomorrow (10,000 Dinar @ "3.5 rate" with no lop (because "RV's" don't adjust internal prices only external rates) when it only cost $8.60 today (10,000 Dinar @ 1164:1), and would still only cost $8.60 to import from Turkey, Jordan, etc. shakehead: Like that guy told you on the other forum - if Iraq makes the Dinar 1,000-3,500x more valuable in real terms vs every other country on Earth, then the result is the same effect on trade with Iraq as if everyone else devalued their currencies vs a static Iraq. And all that would do is destroy Iraq's export economy and kill off all investment in Iraq. It takes an 'extra special person' to pump that day after day without seeing the obvious fallacy... Moving the FX rate in real terms also moves how expensive / cheap it is to trade with your country in future (that's why China under-pegs the Yuan) and moving the Dinar 3,500x in real terms also makes it 3,500x more expensive for non-Iraqi's to buy stuff from Iraq, has been the giant "elephant in the room" that's been staring you in the face the whole time... All these people obsessed with "me and my banknotes, I'm gonna be rich!" delusions of grandeur have all collectively "forgot" why currencies exist in the first place - for trade (or why the Dinar fell in value in the first place - plain and simple inflation)... Give it up guy. You lost Big-time. That's why you ended up with such hypocrisy as cheering the fantasy RV here whilst simultaneously posting this over there:- Dinarbeliever : "If those m2 figures are correct then it's certain the dinar will lop". And if your "advice" now is anything like your past track pumping record, you're already a lost cause... "6-1-13 DinarBeliever: I used to think it would not happen overnight. But now recently I firmly believe it will happen overnight and I will go out on a limb here before 8th July 2013".i will get a chart up for you. That statement I made about the M2 was before I research and found out a hell of a lot of other countries have a far bigger M2 than Iraq currently has. Also about currencies as well Iraq currently has a pegged currency that does not react much to market forces. We are waiting on Iraq to change that peg to a float regime where market forces will determine the value of the dinar. Venuzewela did lop their currency but they don't have USA and uk support. Kiss my bottom Link to comment Share on other sites More sharing options...
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