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Simple, Respectful Question Deserving a Straight Forward Answer


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If the Iraqi Dinar is to immanently Re-Value at a rate far greater than the current market rate, why do dealers keep selling it at the market rate, and, just as importantly, why will they only buy it back at a 20% spread?

 

Tough questions demand realistic answers.

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Is you be askin why currency dealers are in business?

Uh e uh

If Someone wants business how do they get people to come

Advertising , coupons , good products to back themselves up ?

Why would they want to lose money by paying for tv adds

Why lose money giving away two for one

Or giving away things for no profits or losses

Uh e uh

O drum up business I guess

To get the ball rolling

Wild shitttte huh

Those crazy bass turds

Just think all the business they will get when those dinars are redeemed for goods and services in Iraq after they are rvd

Think of them as coupons for business

It's not like they lose anything

We paid them a thousand dollars for a few notes that they got for around 10 dollars printing costs

Then they just change their value and collect them at that value establishing their rate by selling us goods and services at that rate instead of going out and trying to establish the rate by buying things at that rate

They are accepting their own currency for goods and services at the new rate

So when they try to use them abroad after that everyone knows Iraq honors their currency at that rate

It's not that hard to figure out

You have to understand fiat currency

It's only redeemable for goods and services

It's not redeemable for anything else

They lose nothing

They gain business

Everyone's money is good for oil

So who wouldn't accept Iraqs money they got plenty of oil

The money will be converted into petro dollars not exchanged into petro dollars the dinar will be removed from the books and the new petro dollars are established

In my opinion They don't establish new petro dollars and keep the dinar too

Unless the dinar would go into the us reserves to back the petro dollars

Then there would be piles of foriegn currency in the reserves from everywhere

I'd like to see how they are converted

I never could find that link

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So, how does any of this resonate with you? Former Central Banker Admits "[They] Are Making It Up As They Go Along"

http://www.zerohedge...t-they-go-along

Read more: http://dinarvets.com/forums/index.php?/topic/173666-former-central-banker-admits-they-are-making-it-up-as-they-go-along/#ixzz2v6KW0mqp

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If the Iraqi Dinar is to immanently Re-Value at a rate far greater than the current market rate, why do dealers keep selling it at the market rate, and, just as importantly, why will they only buy it back at a 20% spread?

 

Tough questions demand realistic answers.

 

That's a good question.  Another good question is why they even have dinar to sell in the first place if this Re-Value is imminent?  You would expect Iraqis to be trading in their dollars for dinar if they were being told that the dinar's value is about to increase dramatically.  Instead they prefer the dollar.

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Quote

Why lose money giving away two for one

End Quote

 But they will eventually do that ( and even give away 2 for  less than one) when demand  starts inevitably decreasing more and more before getting to a full stop. Unless they want to lose all the money.

I'm told that's also a good and sensible business practice.


 
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I know lots of people who do not think the dinar will ever revalue

Guess what

They don't hang around dinar speculation web sites

Edited by dontlop
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Its a business to them . The 20-30% markup is a sure thing! As long as the demand lasts they hope it never revalues even to a penny! Because then they would have to charge $12000 per mil and few would risk that much money.

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Its a business to them . The 20-30% markup is a sure thing! As long as the demand lasts they hope it never revalues even to a penny! Because then they would have to charge $12000 per mil and few would risk that much money.

And they also employ these gurus to keep pumping and twisting anything negative to make it seem like this is a sure thing....

Almost all the gurus are affiliated with currency dealers.....that alone should speak volumes as to the legitimacy of this....

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