why has the CBI kept the exchange rate at 1166 to 1

[ewingm]

I will not banter words or watch a stupid nonsensical video to appease your dementia.  I deal in facts.  Not guru lies, hype, hyperbole, or intentional fraud.  I am still trying to understand the mind set of the average dinarian.  You people make no sense.  You will defend your involvement in a ridiculous SCAM to your dying day.  Pride in what you believe to be your financial acumen will be your downfall.  There is an RD coming if iraq survives, which is still in doubt.  They will lop the zeros in redenominating the currency.  When that happens, you jonestown junkies will be scraped off the CBI books quicker than you can say "Adios".

[dontlop]

You expect us to believe your telling the truth ewingm ?

We know you already watched the entire 10 hour video and are watching it again

Great video explains the entire situation were in

Its a ten hour utube

But it pretty much covers it in the first 5 minutes of the video

https://m.youtube.com/watch?v=0U2zJOryHKQ

[ewingm]

I will attempt to clear this up for all dinarians.  It is important, when making any kind of LOGICAL decision, to be OBJECTIVE in viewpoint.  Financial decisions, such as buying or selling stocks, how much to contribute to a 401k, or how much you can afford on a monthly mortgage payment should be made OBJECTIVELY.  Using solid facts, not hyperbole.  Other decisions we make fall into the SUBJECTIVE realm, where people's opinions, biases, personal experiences will influence the outcome.  An example of a subjective decision would be to not go see a certain horror movie because we just don't like that kind of flick.  Most rational people make financial decisions OBJECTIVELY.  They weigh the FACTS, scrutinize the FIGURES, read up on the mutual fund's perspectus, etc  Here lies the PROBLEM.  People who bought dinars made a financial decision based, not on a rational, well thought out premise, but in a SUBJECTIVE manner.  They were caught up in the opinions and theories of OTHERS, who in turn were influenced subjectively by still others.  There was no objective research into the history of world revaluations, or procedures.  They bought dinars subjectively.  And THAT is why it is sonhard for them to let go.  It's based on EMOTION, not objectivity.

Edited September 6, 2014 by ewingm

[Rockymtnhi]

Can anyone address this?  Since the Dinar is tied to the dollar I'm curious what will happen to it's value if the dollar finally loses it's status as the World's Reserve Currency and the Petrodollar.  Russia, China, Iran, etc are pushing this hard.

 

Quote from Andrei Kostin, President and Chairman of Russia's VTB Bank, it's one of the largest banks in Russia, he recently said…

 

"It's time to change the entire international financial system that considers the dollar the key reserve currency. The world has changed."

[dontlop]

They just peg it to something else

But the fact that they got billions of those dollars as reserves means they lost all those dollars to back it up

Do you really think all the country's in the world that hold US dollars are going to let the dollar fail?

These stories we read are attempts to get people to dump the dollar

It's not working

[Rockymtnhi]

I would have to agree because even though Russia and China have been selling rather than buying our Treasuries recently our dollar has been rising  lately.  Check out how much the Euro and Yen have dropped lately compared to the dollar.

[dontlop]

In the end who ever dumps the dollar gets dumped in return

They always return to the dollar

They are expecting the world to throw away all that wealth because they already did it first and didn't lose a dime

Well it's not working and the currency wars never end

Just when someone thinks they got it all figured out

They get slammed and destroy themselves in the process

There's nothing to figure out

If you ditch the dollar

We do to

Then what

Nothing

That's what

They lose we lose

So by everyone not ditching the dollar no one loses anything

So time goes on

They tried many times

They are so smart

Not really

Its really simple

All ya got to do is go to the central bank and burn your dollars

Why don't they ?

Because they are debt notes

Its a piece of paper that shows how much debt is owed to you

In goods and services that is

So if every country wanted to spend them at once for goods and services they would be spending them in the USA

Which would make our economy much stronger than it is

So they would be back logged with orders for all kinds of things we make in the USA

So the dollars cannot lose value before they get their goods and services

Or they wouldn't get much for a billion dollars

So in the mean time while were are filling these orders we are spending trillions more dollars buying raw materials from around the world so more dollars would be out there

Dang it

So they can't say we don't accept your dollars or we would say neither do we

As a matter of fact we lowered the value of them by a million to one

Because that's all we get at the forex from you that's all you get from us

Our dollars floats on your price that you set at the forex

Give us more at the forex for our dollars when we exchange them for your currencies and we will give you more goods and services

Like I said its a free floating currency

You set our rate for us

[ewingm]

The GDP of the United States is twice as big as 2nd place China and EIGHT times bigger than Russia.  The global currency reset has been postured every year for a long time, but the bottom line is nobody can carry the freight like the good old USA.  Its sour grapes for "wanna be" countries.  Remember back in 2009 when the US economy tanked off the housing bubble and financial sector crash, the world economies followed into the recession as well.  We set the standard and everyone else  plays catch up.  

[dontlop]

The biggest problem they have is the dollars are already out there

They must cash them in in the inited states for final redemption of goods and services

Now that's why I've been saying ,, Iraq distributing its currency all over the world first, at our expense , was brilliant

All that's left now is to float the value

How do we get our currency back into Iraq ?

It hAs to go thru the forex

The cbi is not obligated to any thing but redemption in goods and services once it's floating monetary policy is in place

Now who's gonna argue the price down while they are holding the dinar ?

The cbi may buy back some dinar each day thru the forex like all the rest of the country's do

Right now Iraq uses its own personal currency auctions to maintain the managed float the use

But eventually those currency auctions will be gone and the forex takes over

Iraq will just be selling treasuries

So if the us treasury took in all our dinar and put them into their foriegn currency reserves

They would not ever try to make the dinar worthless unless they wanted to make it worthless

It's like holding Iraq hostage by holding its reserves

In the mean time if the forex price is a dollar that's what they are worth

So holding them in the foriegn reserves as an asset at a dollar value would prop up the dollar even further

Now why would any one holding dinar want to destroy the value if they are sitting in their reserves as an asset propping up its own currency

So they can sit in the treasury foriegn reserves for the next thousand years who cares

We transfer the value into our dollars whether printing up more or just raising the value a pip or two

It's like we played monopoly

And won and own all the houses hotels and property's

And the rest are alowed to continue playing on borrowed money

They can't win if you own everything

We own the money system unless they are willing to stop and start over

But everyone else must be willing to start over too

That means they got to throw everything away too

I'll be the banker loaning out money

Taking 1% off the top makes a huge differance

[ewingm]

Wow, Dontlop.  You just gave me a migraine reading all your crapola.  It ain't that complicated.  Say after me....83 TRILLION dinars in M2........83 TRILLION dinars in M2....83 TRILLION dinars

in M2.    Now.....click your heels three times and say GOOOOOOOORVVVVVV!!!!!!

The dinar myth is an EMOTIONAL thing, not a RATIONAL thing.

[dontlop]

Ewingm

Your like a bug that just flew out of a urinal

That's it

Same stupid comments day in and day out just like boomer the guy who was here till right before your screen name popped up

He constantly said the same things over and over till the finally just banned the mental midget

But hey we lucked out right after he was banned , you show up and do the same exact thing

[ewingm]

I will attempt to clear this up for all dinarians.  It is important, when making any kind of LOGICAL decision, to be OBJECTIVE in viewpoint.  Financial decisions, such as buying or selling stocks, how much to contribute to a 401k, or how much you can afford on a monthly mortgage payment should be made OBJECTIVELY.  Using solid facts, not hyperbole.  Other decisions we make fall into the SUBJECTIVE realm, where people's opinions, biases, personal experiences will influence the outcome.  An example of a subjective decision would be to not go see a certain horror movie because we just don't like that kind of flick.  Most rational people make financial decisions OBJECTIVELY.  They weigh the FACTS, scrutinize the FIGURES, read up on the mutual fund's perspectus, etc  Here lies the PROBLEM.  People who bought dinars made a financial decision based, not on a rational, well thought out premise, but in a SUBJECTIVE manner.  They were caught up in the opinions and theories of OTHERS, who in turn were influenced subjectively by still others.  There was no objective research into the history of world revaluations, or procedures.  They bought dinars subjectively.  And THAT is why it is sonhard for them to let go.  It's based on EMOTION, not objectivity.

[dontlop]

Edited September 6, 2014 by dontlop

[dontlop]

Ok ?

Edited September 7, 2014 by dontlop

[dontlop]

Ok ?

[ewingm]

Just admit it.  You bought your dinars expecting a big 100,000%  payday.  You have permanent koolaide stains all around your mouth.  You later had just enough reasoning power left to recognize you were scammed, and sold out.  Its unfortunate, however, that drinking guruspew has irreverseable effects.  You will be in your present vegetative state permanently.  My heart goes out to you.

[dontlop]

Ok ?

I think I'll go buy a couple powerball tickets

And dream of being rich

Edited September 7, 2014 by dontlop

[dontlop]

Got my power ball tickets

I'm gonna be rich if I hit

Hey

What do you think about the oil and gas law

Some people think if they pass a oil law that Iraq will rv and they think that by the Kurds defying the govt and selling oil that they will force the oil law and that will mean the dinar will rv

I think its crazy talk myself

[dontlop]

Former CIA and NSA director Michael Hayden also told Fox News Radio's "Kilmeade and Friends" on Thursday that "Iraq is not coming back" after this.

He called Iraq a divided country, claiming that a "Shiastan" and "Sunnistan" have effectively been created alongside Kurdistan. Hayden said more U.S. support should go toward the Kurds at this point.

[ewingm]

I agree with Michael Hayden.  I said the exact same thing a month ago, except for one exception.  It will be Kurdistan, Shiastan and a Sunni/ISIS caliphate.  Where the dinar will fit in this equation I have no idea, except to say it certainly ain't gonna 100,000% RV.  Not with all those geopolitical factions.  The koodaide kids aren't gonna like what's coming.  At the very best it will stay pegged at 1166  for years to come.  That will make the Guru liers happy.  They will continue to spew lemming juice and will make money off new lemming followers.

[dontlop]

I'm thinking more like 3300 when the chit hits the fan

If the war heads into southern Iraq

It's gonna get ugly

And no one will want to go there to help

Maybe 20,000

It seems like this Isis group isn't very strong and won't make it thru the winter alive

I think there a bunch of crap head liars pretending to be holier than thou

[ewingm]

You are not giving enough credit to the ISIS fanatical philosophy.  They will not be easily rooted out and destroyed without a sustained bombing campaign.  I don't think the obummer and his liberal base will allow that to happen, so kiss your dinar revalue adios.

[dontlop]

Ok

Edited September 7, 2014 by dontlop

[dontlop]

Are we there yet?

[rockfl9]

For Iraq to separate they will have to apply to the UN for partition. If there is no opposition might take a year. But I'm sure there will be boundary disputes. The dollar will the currency of choice.