Trial starts in alleged currency fraud scheme

[RVPleaseToday]

http://www.toledoblade.com/Courts/2014/05/07/Trial-opens-in-alleged-currency-fraud-scheme.html

[ewingm]

Old news. same with TNT's indictment.  Most of the dinar pumpers were too clever to use specific "illegal" words in their advertisements.  Of course, when the dinar RD's, and people start losing their money......there's alot of gurus that better be finding plastic surgeons.

[caz1104]

LOL

 

My Chia pet didn't grow hair as advertised, My ShamWow towel was just a towel. There are millions of scams you guys could go after.......................let me guess you don't. Your Savoir Crown only works in Dinarland I see - LOL  Priceless 

[ewingm]

I don't care about the scammers, Caz.  They will receive their just deserves down the road of life.  I do care about the deceived.  The ones with scales of "riches" clouding their eyes and their judgement.  Those are the ones I care about and speak to.  If they choose to spit on me, that is their right to do.  But some of them may react in time to protect themselves and their families from ruin.   

[dontlop]

So they had wire fraud because they used the internet and phone to do it

And they said what lots of people used to say that the treasury held dinar

The govt says it did hold dinar for day to day operations

When the war costs were 12 billion a month

That could be 12 trillion dinar a month

But I'm sure only a trillion or so was held by the treasury for day to day operations

Who knows his that part will pan out

But the fake hedge funds of 700 grand or what ever it was they. Will be found guilty I believe

[caz1104]

The "IF I CAN SAVE JUST ONE" spiel I mentioned on a earlier post.......................priceless-lol!!!!

 

GO RD/LOP with no/min gain!!!!!!!!!  

[dontlop]

If they change the face value of a dinar note from 25k note to a 25 note without changing the foriegn exchange rate , then it's a redenomination

So if the dinar gets stronger by changing the face value of the dinar then it's not a redenomination its a revaluation

But if the foriegn exchange rate stays at 1166 after zero deletion

Then its a redenomination

[keepmwlknfny]

If they change the face value of a dinar note from 25k note to a 25 note without changing the foriegn exchange rate , then it's a redenomination

So if the dinar gets stronger by changing the face value of the dinar then it's not a redenomination its a revaluation

But if the foriegn exchange rate stays at 1166 after zero deletion

Then its a redenomination

Question oh gracious one.....what do you call what happened with the Turki sh Lira?

[dontlop]

You really need to address me as sir

I don't call it anything

I leave everyone else just use the wrong terminology and laugh

I try to teach them the facts but get snotty remarks like the one you just gave

I already know keep that you are going to follow the heard right over the cliff

No one can save you

It's really quite comical watching you deny the truth

[dontlop]

Hey as long as the foreign exchange rate stays the same its a rd if the delete three zeros

Other wise they are resetting the valuation of the IQD

Or in other words revaluing the IQD

I think that's what the cbi is doing raising the value of the dinar

Remember Kuwait just raised the buying power of their dinar

That darn Kuwait dinar could hardly by an American nickel

But after its re valuation that buying power shot right up there didn't it

From 5 cents buying power to $3.45 buying power over night by the stroke of a pen by the Kuwait government

Not the Kuwait central bank but the Kuwait government

It would of been called a reinstatement but the rate wasn't reinstated it was a new rate

Buying power up 15,000 percent over night just like that for that Kuwait dinar

Man it's hard to say those presidiums words any more isn't it

Try saying no one has ever rebalued their currency more than 20%

Except you know who

But don't tell any body

Pretend your a savior

[keepmwlknfny]

You really need to address me as sir

I don't call it anything

I leave everyone else just use the wrong terminology and laugh

I try to teach them the facts but get snotty remarks like the one you just gave

I already know keep that you are going to follow the heard right over the cliff

No one can save you

It's really quite comical watching you deny the truth

I simply asked you a question....was what happened in Turkey a revaluation, or was it a redenomination?

[dontlop]

Oh quit cryin

And address me as sir

Right over the cliff

Lol

Ah ha ha ha ha ha ha ha

Hey how many dinar have you bought in the last two months

30 ...... 40 million?

You been talkin down the dinar and running adds to buy dinar , right ?

How much have you scarfed up at a discount ?

100 million ?

[dontlop]

Turki isn't running the cbi any more they fired him for whining about deleting the zeros after they told him no

Ah ha ha ha ha ha ha

[DinarThug]

Of course, when the dinar RD's, and people start losing their money......there's alot of gurus that better be finding plastic surgeons.

If Ur Predicting An RD - Wouldn't That Make U A Guru ?

[RVPleaseToday]

No, it would make him in touch with reality, since Iraq has repeatedly said they were going to RD, and never said they will RV.

No need to be much of a guru to know where Iraq stands on the RD vs RV issue.

[Bumper64]

   

[DinarThug]

No, it would make him in touch with reality,

We R Talkin' About The Same Guy Who Keeps Coming Back Under Different Names - Right ?

[dontlop]

Iraq did what

Fired the cbi governor?

Let's be more specific than Iraq, the mof says nope the cbi cried

And ya wonder why your sporting a lopster tag

[caz1104]

Regardless of who's reality it still makes him a Guru and you a Sheep if you follow him. So how does the Koolaide taste?

 

 

You guys can't have it both ways.

Edited May 8, 2014 by caz1104

[ewingm]

So I guess by your reasoning, Winston Churchill was a "guru" because he spoke the truth about Hitler when everyone was drinking his koolaide "Peace in our time!"  The CBI has said they will RD because it makes sense.  A 100,000% Overnight millionaire-making RV makes no sense whatsoever.  You boys need a real long koolaide straw to keep buying that lie.

[dontlop]

Gulping lopster guru kool aide will not work

Neither will chugging it

I think it doesn't work

So

?

What's next?

Ah doop ah doop ah doop ah doop ah dooooo

Edited May 8, 2014 by dontlop

[keepmwlknfny]

Oh quit cryin

And address me as sir

Right over the cliff

Lol

Ah ha ha ha ha ha ha ha

Hey how many dinar have you bought in the last two months

30 ...... 40 million?

You been talkin down the dinar and running adds to buy dinar , right ?

How much have you scarfed up at a discount ?

100 million ?

Was turkey a redenomination or revaluation? This is one of the EASIEST questions you have ever had to answer and your dodging it like a fat kid dodges a diet....

[dontlop]

Lol hey I eat turkey bones and all on thanks giving

I Win the turkey eating contest every time

I can eat three whole turkeys in 15 minutes

Revaluation of the Turkish Lira

http://en.m.wikipedia.org/wiki/Revaluation_of_the_Turkish_Lira

Because of the chronic inflation experienced in Turkey from the 1970s through to the 1990s, the old lira experienced severe depreciation. Turkey has had high inflation rates compared to other developed countries and suffered hyperinflation. From an average of 9 lira per U.S. dollar in the late 1960s, the currency came to trade at approximately 1.65 new lira per U.S. dollar in late 2001. This represented an average inflation of about 38% per year. Prime Minister Recep Tayyip Erdoğan had called this problem a "national shame". With the revaluation of the Turkish old lira, the Romanian leu (also revalued in July 2005) briefly became the world's least valued currency unit.

http://en.m.wikipedia.org/wiki/Revaluation_of_the_Turkish_Lira

Any one who says Iraq will rd doesn't know what they are talking about

If you think they will delete three zeros without changing the exchange rate your lost

Start over and make your case then post links this time

Prove your point

Don't pretend you know while everyone laughs at you

Rd

Ah ha ha ha ha ha ya ha

They gonna lop three zeros and rd

Ah ha ha ha ha ha

And they gonna lock up the banks from you

Ah ha ha ha ha ha ha

Revaluation means a change of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a revaluation.

In general terms, revaluation of a currency is a calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. central bank) can alter the official value of the currency. Contrast to "devaluation".

For example, suppose a government has set 10 units of its currency equal to one US dollar. To revalue, the government might change the rate to five units per dollar. This would result in that currency being twice as expensive to people buying that currency with U.S. dollars than previously and the US dollar costing half as much to those buying it with foreign currency.

Before the Chinese government revalued the yuan, it was pegged to the US dollar. It is now pegged to a basket of world currencies.

Read more: http://dinarvets.com/forums/index.php?/topic/177244-revaluation/#ixzz31AewayCY

Edited May 8, 2014 by dontlop

[ewingm]

You see how easy it is, dontlop?  Any country can do it .  Iraq is gonna do it.  But there's one little problem you boys keep forgetting for some reaon.  You have to turn your old trash in for new trash.  Since you don't live in Iraq, that presents a little problem for you doesn't it?

[dontlop]

Now let me hear you say Iraq is going to revalue its currency

It will have a new value much stronger than it is now

Re

Value

Say it

Ah ha ha ha ha ha ha

The good ole IQD

Much much stronger

Soon

Say it and sing it in the shower

As a matter if fact I don't even cook the turkeys

I like em frozen in the summer

I buy the legs and put them in the blender and make smoothies

Revaluation means change of price for goods or products

A pack of cigarettes that used to cost 1000 dinars will now cost 1 dinar

Because they revalued the dinar

Not because the redenominated it

Now what will the old dinar rate be that is pegged to the new dinar

300 to one ?

It depends on how much money the goi is going to invest in the dinar

If they are going to provide a better life for everyday Iraqi lifestyles

If they have 70 trillion frozen dinar in state banks those do not have to be bought from anyone

If they have 180 billion dollars in frozen assets abroad ready to be released

If they have the 80 billion dollars in reserves and gold in the cbi

Your guess is as good as mine what they will do

Re val u a tion time

How about 100 to one

Or 50

Or 30

Or 10

To one

How about 86 old dinars for one new one

Just a little over a penny each

Edited May 9, 2014 by dontlop