What would it cost to Revalue the dinar.

[EverCurious452]

SD, you are probably right about how much ISIS controls, but my point is that there was no ISIS before 2013, and the CBI did not revalue the dinar. That is my point. The money people in the GOI will not plunge the country into an economic crisis by revaluing before it's feasible to do so. It matters little all the talk about how much in reserves the CBI has. The only thing that matters is the government of iraq keeping control. The day that the average iraqi holds only dinars in his wallet instead of US dollars, then it may be time to consider a revalue, but it won't be huge, as was the mantra back in 2011. I believed it back then, but I am now way too financially savvy to ever believe that scenario again. My money will be made by realistic improvements in the economy of iraq, which will be translated into a downward move of the peg. I may even live long enough to see no peg at all, ..okay, that was probably TOO optimistic!

In order to change the exchange rate there must be the possibility of doing so and the decision makers in the country must see a need to do so.  The issue of the ratio of reservers to the money supply is the possibility part.  I put that first and foremost since if a rise is not possible it doesn't matter whether or not they want one.   The economic need to raise the rate (e.g. fighting inflation) is also required of course and right now things are going in the opposite direction.

 

Movement of the peg upward so better for IQD holders?  Sure its possible, but it can't exceed the reserves/money supply ratio and that historically hasn't been greater than around 15%, which is what many folks would need just to break even, so profit seems very unlikely to me.   No peg at all?   Not while their economy is dominated by oil, and I think that will be the case until the demand for oil falls off.   At that point, maybe 30 years from now, what does a post-oil mideast look like?  No idea.

[caz1104]

Question: After (3) pages of the latest "quote" dinar - "will it Rv or not conversation", is there now a consensus or is this a lot like a Luigi post (a lot to do about nothing)? This is so much like the dribble gurus put forth its amazing. Daytime Soap Operas have more movement in storyline than this topic - SMH

Edited December 28, 2015 by caz1104

[easyrider]

Question: After (3) pages of the latest "quote" dinar - "will it Rv or not conversation", is there now a consensus or is this a lot like a Luigi post (a lot to do about nothing)? This is so much like the dribble gurus put forth its amazing. Daytime Soap Operas have more movement in storyline than this topic - SMH

all good Caz i have yet to see a lopster be correct anyhow.. they ave been saying its gonna LOP for years and it hasnt. They are just as bad as the gurus. Now adays i read here and there the news and focus on what the CBI is doing and follow the reform laws. I believe at some point they wil need taxes and new tariffs, lower denoms for the people to use and once they introduce those they need to add value to the dinar to get off the us dollar.

[caz1104]

Yep Easy, I agree! I've thought for years that LOPsters/Gurus quite possibly could be one in the same, ala point/counterpoint( jane u ignorant......). They both have massive egos and always think they are correct and everyone else are rubes.

It's anyone's guess as to what they will do, your's is just as plausible as any. Peace and Happy New Year!!!

Someone negged ya for speaking your mind............hmmmm - smh. I reversed that one (I'm sure more are a comin- LOL)

Edited December 29, 2015 by caz1104

[SocalDinar]

As you point out SD this question has been posed many times, but its never been answered.  All folks says "can so happen".  Not shall we say entirely convincing.  Belarus is doing a 10,000:1 LOP http://www.currency-iso.org/en/shared/amendments/iso-4217-amendment.html, why didn't they RV 10,000:1 instead?   For the same reason Iraq can not RV, they don't have the money to back it, neither does the entire world (as you point out).  The money supply of the entire planet is only about 50T USD wroth.

I was able to convince a lot of people into buying dinar. In my opinion I was more than just optimistic. Although i did not profit by talking people into buying dinar in my opinion i was a pumper. I pumped up the dinar to all my friends and family and basically anyone that would listen. And when asked these very same questions by those that did not believe in a revaluation of such gigantic proportions i could not give an answer better than it was a worldwide conspiracy. I basically knew nothing regarding these matters and  was spreading the lies i was told by others. I was blinded by greed and the thought of acquiring such wealth easily consumed me.

I don't claim to know much about these things. But I would think out of this entire community of Go RVers someone could give us an answer that makes a bit of sense to me.

In my opinion the How question is easily answered because as you stated there is not enough money in the world. But even if they could do this the bigger question is Why would they do this.? 

 

I do not think Iraq will re denominate anytime soon. I don't think the country is stable enough at this time to re denominate. I also don't think they can afford it either.   But in my opinion it was Sinan's plan to eventually RD all along.

[EverCurious452]

I haven't seen any post in the tank saying it WILL LOP (but there might have been some of course).  It certainly might and I think most everyone agrees with that.   I suspect it will LOP someday, but when is anyone's guess and maybe never.  My point is that it CAN NOT RV to the extent folks are claiming.  There is no decision that CAN be made in Iraq (or anywhere else) that will make a 1:1 RV possible.  It can of course change a little, and it just did go down a bit in the last couple of weeks.  But a 1000x RV is not possible, so it doesn't matter what is decided in Iraq, it can't happen.  Whereas a LOP is possible, and might someday occur.

[Freedomrules]

One can only lie to themselves for so long SCD. 

 

[Antietam]

Oh, be careful Evercurious. Your anti-RV comments will bring down the wrath of caz. He/she doesn't like glass half empty talk. He/she has been quick to ridicule all those who dare bring up the fact that it might not make him/her a millionaire. Of course, the LOPers haven't been right either. Most of them have moved on and don't care to comment anymore. Others of us are a little more stubborn and hold on, but I would hazard a guess that you won't find too many die hard millionaire making RV believers around this investment anymore. I get ridiculed just talking about a long term improvement of the dinar, which incidently, is the only way I see making a profit off this thing now that iraq is economically struggling. Maybe some battlefield victories will begin to turn this around. I hope so.

[EverCurious452]

Oh, be careful Evercurious. Your anti-RV comments will bring down the wrath of caz. He/she doesn't like glass half empty talk. He/she has been quick to ridicule all those who dare bring up the fact that it might not make him/her a millionaire. Of course, the LOPers haven't been right either. Most of them have moved on and don't care to comment anymore. Others of us are a little more stubborn and hold on, but I would hazard a guess that you won't find too many die hard millionaire making RV believers around this investment anymore. I get ridiculed just talking about a long term improvement of the dinar, which incidently, is the only way I see making a profit off this thing now that iraq is economically struggling. Maybe some battlefield victories will begin to turn this around. I hope so.

 

Oh you never know, calm heads may prevail.  I think Caz and I both think a LOP is possible and that no one knows if or when such an event might occur.  I might think its more likely, but maybe not.  I think Caz thinks the CBI might (i.e. could) RV enough to make some serious money but again doesn't know if or when, and maybe that's "only" 2x? 3x? instead of the (perhaps less believed in now) 1000x, .  I don't think the if or when part matter as 2x (let alone 1000x) is not technically possible.  Iraq simple does not have the USD to make such a rate real, for the CBI to actually offer it.  That's where we differ as I see it, Caz might see it differently of course.

[caz1104]

Toto,

Listen, I have no problem with LOPsters defeatist attitude. It's their right to look at things in a negative light. My problem is with LOPsters that think they are GODS chosen few in regards to all things Dinar. That's why I lump them together with Gurus. I have no idea how this specualation will pan out and NO one else does either so to say otherwise is comical at best.

[Freedomrules]

And yet no RV believers can give a plausible answer to the questions SCD asked.  How or why can Iraq increase the value of the IQD 100.000%.  Seems like a pretty straight forward question. But a question that every Dinar speculator should ask and feel comfortable with the answer before investing. How or why? 

[Texstorm]

Well maybe FR there are people who have the capitol to invest in something against all odds. I'm not a casino gambler but I do have friends that are not afraid to walk into one with a suitcase full of greenbacks, sure I've been invited to travel in private planes and limos but that's not my style. My point is people take risk everyday, heck I'm down a hell of a lot more on the oil stocks right now than I could ever hope to gain on the dinar, but it will come back around, it always does. There are those here that claim they own dinar and yet they are so negative, i bet they don't even like to look in the mirror. I was on to these people from the get go, I know a loser when I hear one and all I can say if you're going to cry about how bad things are, just stay out of my way because I got some living to do. Good Morning DV !    Go RV ! 

[Antietam]

Fredomrules, nobody asked that logical question back in 2007-12 during the heyday of RV bliss. In fact, if you even attempted to bring that up, you were slammed as a lobster or worse. There have been some very smart lobsters on this site over the years. All have wisely moved on. Probably out there laughing at us. But I am willing to give it a little more time. It's been 1166 since I came on board so other than a tiny bit of inflation, I haven't lost my shirt. However, when I do decide enough is enough, I hope caz is still out there to buy my dinar off me. How about it caz? Maybe $700 a mil?

[jg1]

They spent it all on Toyota trucks 

Na, that was early Christmas present from Maliki.

[Freedomrules]

Well maybe FR there are people who have the capitol to invest in something against all odds. I'm not a casino gambler but I do have friends that are not afraid to walk into one with a suitcase full of greenbacks, sure I've been invited to travel in private planes and limos but that's not my style. My point is people take risk everyday, heck I'm down a hell of a lot more on the oil stocks right now than I could ever hope to gain on the dinar, but it will come back around, it always does. There are those here that claim they own dinar and yet they are so negative, i bet they don't even like to look in the mirror. I was on to these people from the get go, I know a loser when I hear one and all I can say if you're going to cry about how bad things are, just stay out of my way because I got some living to do. Good Morning DV !    Go RV ! 

But even the games in Vegas and the State  lotteries have known odds Texstorm. The answer to how and why are known facts  when gambling at a casino.  So How could Iraq increase the value of the dinar by 100,00%.  Many say its the oil still in the ground but their proven reserves are only 143 Billion Barrels. Even at $100 a barrel thats only $143 Trillion dollars and Iraq only gets a percentage of this money. So if SCDs numbers are correct  a $1.00 RV would cost them about half of all their proven oil reserves in the ground. A $3.00 rv would spend every dollar in proven value of oil reserves still in the ground and they would need another $50 trillion dollars to cover this  RV.  So How could this be possible? 

 

 

Fredomrules, nobody asked that logical question back in 2007-12 during the heyday of RV bliss. In fact, if you even attempted to bring that up, you were slammed as a lobster or worse. There have been some very smart lobsters on this site over the years. All have wisely moved on. Probably out there laughing at us. But I am willing to give it a little more time. It's been 1166 since I came on board so other than a tiny bit of inflation, I haven't lost my shirt. However, when I do decide enough is enough, I hope caz is still out there to buy my dinar off me. How about it caz? Maybe $700 a mil?

When I first bought dinar in 2006 the value was increasing slowly but surely. No one was expecting an insane increase in the value back then. Just a steady gain in value. Unfortunately inflation has all but wiped out any gains i saw a decade ago.

[caz1104]

And yet no RV believers can give a plausible answer to the questions SCD asked.  How or why can Iraq increase the value of the IQD 100.000%.  Seems like a pretty straight forward question. But a question that every Dinar speculator should ask and feel comfortable with the answer before investing. How or why?

I agree it seems even many LOPsters have the same problem, answering the most simple of questions without giving 2nd grade BS answers.

Fredomrules, nobody asked that logical question back in 2007-12 during the heyday of RV bliss. In fact, if you even attempted to bring that up, you were slammed as a lobster or worse. There have been some very smart lobsters on this site over the years. All have wisely moved on. Probably out there laughing at us. But I am willing to give it a little more time. It's been 1166 since I came on board so other than a tiny bit of inflation, I haven't lost my shirt. However, when I do decide enough is enough, I hope caz is still out there to buy my dinar off me. How about it caz? Maybe $700 a mil?

Again lies.............there were folks here for as long as I've been here whining/crying (LOPsters). The same arguments have been presented at nausea by many (pro/con). There has been nothing new offered in years.

[EverCurious452]

But even the games in Vegas and the State  lotteries have known odds Texstorm. The answer to how and why are known facts  when gambling at a casino.  So How could Iraq increase the value of the dinar by 100,00%.  Many say its the oil still in the ground but their proven reserves are only 143 Billion Barrels. Even at $100 a barrel thats only $143 Trillion dollars and Iraq only gets a percentage of this money. So if SCDs numbers are correct  a $1.00 RV would cost them about half of all their proven oil reserves in the ground. A $3.00 rv would spend every dollar in proven value of oil reserves still in the ground and they would need another $50 trillion dollars to cover this  RV.  So How could this be possible? 

Of course its not possible.  Its even worse (you slipped a decimal point) 143 billion barrels * $100 per barrel is $14.3 trillion dollars and at 5Mbpd would take 80 years to pump   And of course they need that income to run the country.  CAZ is correct that no one knows how it will turn out.  IQD holders might only lose a little, some might even make a tiny profit (i.e. if you bough early enough that you are in the black now) or they could lose it all.  But there is no possibility of even a nice let alone a gigantic ROI.

[caz1104]

"There have been some very smart lopsters on this site over the years" LOL and some pretty not so smart!!!! Example: One told me and others that the ONLY reason he/she kept coming back to DV after selling out was.......wait for it.........cause it was the ONLY place to get info on the Dinar..........really he/she said it..........and meant it-LOL. Priceless

Edited December 29, 2015 by caz1104

[caz1104]

Well maybe FR there are people who have the capitol to invest in something against all odds. I'm not a casino gambler but I do have friends that are not afraid to walk into one with a suitcase full of greenbacks, sure I've been invited to travel in private planes and limos but that's not my style. My point is people take risk everyday, heck I'm down a hell of a lot more on the oil stocks right now than I could ever hope to gain on the dinar, but it will come back around, it always does. There are those here that claim they own dinar and yet they are so negative, i bet they don't even like to look in the mirror. I was on to these people from the get go, I know a loser when I hear one and all I can say if you're going to cry about how bad things are, just stay out of my way because I got some living to do. Good Morning DV !    Go RV !

100% AGREE TEX!!!

[EverCurious452]

Well maybe FR there are people who have the capitol to invest in something against all odds. I'm not a casino gambler but I do have friends that are not afraid to walk into one with a suitcase full of greenbacks, sure I've been invited to travel in private planes and limos but that's not my style. My point is people take risk everyday, heck I'm down a hell of a lot more on the oil stocks right now than I could ever hope to gain on the dinar, but it will come back around, it always does. There are those here that claim they own dinar and yet they are so negative, i bet they don't even like to look in the mirror. I was on to these people from the get go, I know a loser when I hear one and all I can say if you're going to cry about how bad things are, just stay out of my way because I got some living to do. Good Morning DV !    Go RV ! 

At a casino the odds are against you, but winning IS possible.  Likewise with oil stocks they can (as you have found) go down but they can go up as well.  But that is the difference you do not seem to get about the IQD.  Its not possible for it to go up more than around 15% (less now).  So if you paid more then that (many paid 20% over the current price) a profit is not possible.  Its not about the odds or being positive or negative, or taking a wild ass gamble, its just how currency works.  

[sxsess]

Yes Tex I too agree. I was kicking ass in my investments for 5 years up until ~2 years ago. I have been in a stalemate since then. I own a lot of dinars but I don't think that's going to make me rich. Not being negative but IMO I think Iraq (CBI) will raise the rate after dropping 3 zeros of the currency. We still make money, just not what I hoped. Like I said this is just my opinion. I hope I'm wrong! Anyone complaining about being in a speculative venture should not be taking the risk.

[caz1104]

Yes Tex I too agree. I was kicking ass in my investments for 5 years up until ~2 years ago. I have been in a stalemate since then. I own a lot of dinars but I don't think that's going to make me rich. Not being negative but IMO I think Iraq (CBI) will raise the rate after dropping 3 zeros of the currency. We still make money, just not what I hoped. Like I said this is just my opinion. I hope I'm wrong! Anyone complaining about being in a speculative venture should not be taking the risk.

Excellent Post!!!!!! +100 if I had em

[sxsess]

Excellent Post!!!!!! +100 if I had em

Thanks Caz

[Freedomrules]

"There have been some very smart lopsters on this site over the years" LOL and some pretty not so smart!!!! Example: One told me and others that the ONLY reason he/she kept coming back to DV after selling out was.......wait for it.........cause it was the ONLY place to get info on the Dinar..........really he/she said it..........and meant it-LOL. Priceless

Probably meant one of the easiest places to get info Caz.But who really cares anyway. Does not take much to amuse you.

So I guess you will just keep dancing around the question. I can't say I'm surprised because there is no reason they would ever do this and they don't have the resources if they wanted to.

 

So the truth is no answer is in fact your answer.

[caz1104]

Probably meant one of the easiest places to get info Caz.But who really cares anyway. Does not take much to amuse you.

So I guess you will just keep dancing around the question. I can't say I'm surprised because there is no reason they would ever do this and they don't have the resources if they wanted to.

 

So the truth is no answer is in fact your answer.

LOL!!!! Have'nt danced around anything..............for as of yet there is NO answer. Question: What brings you here? Are you vested? Or are you just tryin like soooooooooo many before to ask the same question over & over again under the guise of conversation. Just hopin to catch some newbie in a trap so as to TRY to perpetuate your percieved intelligence-LOL

Another question: Why do so many LOPsters stick around for awhile spewin "I'm smarter than a 5th grader", leave then re-appear under a new cartoon character & circumstance? Simple question that has NEVER been answered.........now u talk about dancing. LOPsters ain't got nuthin on Fred & Ginger!!!

Edited December 30, 2015 by caz1104