staunch Posted February 25, 2014 Report Share Posted February 25, 2014 Ok, 2 things first: 1. I am not the sharpest crayon in the box, as this is the first time I have thought about this 2. I am definitely pro-RV. So no accusing me of trolling. With that said, the whole idea of a 1:1 RV does not appear to be a reality to me. All it would take to send things into an economic whirlwind, would be for a multimillionaire or two to buy a million dollars worth of dinar. That would be a TRILLION dollars if just one person bought a million dollars worth. Am I missing something here? Because as many eccentric millionaires as there are out there, I don't see this as too far fetched. Again, just a thought. Not trying to poke a stick in the hornet's nest. 2 2 Link to comment Share on other sites More sharing options...
MiuraDude Posted February 25, 2014 Report Share Posted February 25, 2014 What difference would it make how many different people own the dinar? If there is "X" number of dinar available to purchase, what difference would it make if 10, 100, 1000, or 10,000 different people bought up all "X" number of dinar? 1 Link to comment Share on other sites More sharing options...
staunch Posted February 25, 2014 Author Report Share Posted February 25, 2014 Very good point. Didn't look at it like that. Still, a couple of people with a trillion bucks could disrupt some s@#t if they chose to. Link to comment Share on other sites More sharing options...
steveflex7 Posted February 25, 2014 Report Share Posted February 25, 2014 $1 million worth of dinar would be $1billion at a 1:1. Not $1 trillion. 2 Link to comment Share on other sites More sharing options...
staunch Posted February 25, 2014 Author Report Share Posted February 25, 2014 Yes. I stand corrected. Too many zeroes. I did warn you I wasn't the sharpest. I retract my original, and bow out humbly. 3 Link to comment Share on other sites More sharing options...
gymrat76541 Posted February 25, 2014 Report Share Posted February 25, 2014 (edited) Who would be stupid enough to buy a million dollars into an investment EVERYONE says will never pay off? Throwing a few thousand into a long shot investment is one thing, but a million? I think that people with money would tend to look for a less risky investment. Edited February 25, 2014 by gymrat76541 1 Link to comment Share on other sites More sharing options...
sportfisher Posted February 25, 2014 Report Share Posted February 25, 2014 depends on ones financial ability. Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 25, 2014 Report Share Posted February 25, 2014 Who would be stupid enough to buy a million dollars into an investment EVERYONE says will never pay off? Throwing a few thousand into a long shot investment is one thing, but a million? I think that people with money would tend to look for a less risky investment. A truck driver would. 7 1 Link to comment Share on other sites More sharing options...
jeepguy Posted February 25, 2014 Report Share Posted February 25, 2014 really lady graces daddy ! WOW , but to kind of see where this might be going , if one was to buy that kind of amount the waiting would be very tough I would have to imagine. also I am going to guess there will be some sort of stipulation to the trade back in for dollars , like a cap , we kind of know there will be a window to get the transactions finished { 2 years I think as far as we have read } Link to comment Share on other sites More sharing options...
vomer Posted February 26, 2014 Report Share Posted February 26, 2014 How does a truck driver get a million dollars to spend on dinar? Link to comment Share on other sites More sharing options...
idplzr Posted February 26, 2014 Report Share Posted February 26, 2014 How does a truck driver get a million dollars to spend on dinar? He's making a point that he believes in the investment. 2 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 26, 2014 Report Share Posted February 26, 2014 (edited) He's making a point that he believes in the investment.Exactly. If I had millions I would be all in. And there are a couple of people who aremembers here that have invested that much. My question is, why would anyone invest ANYTHING in something they DIDN'T believe would make some kind of profit? Also, I don't make investments based on what anyone says. Edited February 26, 2014 by ladyGrace'sDaddy 2 Link to comment Share on other sites More sharing options...
easyrider Posted February 26, 2014 Report Share Posted February 26, 2014 (edited) The IMf is looking for Emerging markets to save the day also their have been numerous currency swaps going on for the past year to build up reserves for various countries local currency. I highly doubt that they would be doing this unless their was to be some major event take place involving multiple currencies including Iraq. The petro dollar is losing steam across the boards, they MUST do something to save it and hold onto its power. 2 options come to mind default, or go to a different monetary system. Bail outs DO NOT work!!! Edited February 26, 2014 by easyrider 1 1 Link to comment Share on other sites More sharing options...
vomer Posted March 1, 2014 Report Share Posted March 1, 2014 Ok, 2 things first: 1. I am not the sharpest crayon in the box, as this is the first time I have thought about this 2. I am definitely pro-RV. So no accusing me of trolling. With that said, the whole idea of a 1:1 RV does not appear to be a reality to me. All it would take to send things into an economic whirlwind, would be for a multimillionaire or two to buy a million dollars worth of dinar. That would be a TRILLION dollars if just one person bought a million dollars worth. Am I missing something here? Because as many eccentric millionaires as there are out there, I don't see this as too far fetched. Again, just a thought. Not trying to poke a stick in the hornet's nest. I agree. I'm afraid we're looking at an in-country reDENOMination. They have no reason to enrich anyone other themelves. Link to comment Share on other sites More sharing options...
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