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Whats a reasonable amount of time to tie up your money and to wait for an RV? Key word is reasonable.  1 year? 2 years? 5 years? 10 years? 

Inflation is a beatch. Just figuring US inflation ...If you bought $1000.00 USD worth of dinar in 2007 it is only worth $844.00 today. That's just inflationary losses.

Same goes for that jar of coins sitting in the laundry room. It's losing value every day. Your buying power is dropping because your Government keeps debasing the Dollar.

So whats reasonable? At some point every one needs to decide for themselves but losing money every day does not seem like the right thing to do... Does it?

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Currency exchanges are an even money deal.  One traders gain is another's LOSS. SO WHO will buy a dinar for a dollar?  Banks don't buy and hold foreign currencies , They broker it for third parties. T

Ohhh I left out a re-occurring role the Rockford files. And yes my friend stranger things have happened.......a peanut farmer, & a community organizer just to name a few. Hope u had a great T

Don't laugh my friend, crazier things have happened.  Now, I'm not sticking up for Rock, but, seriously?!  Billionaire Real Estate Flipper......Beauty Queen maker.......Reality T.V. extraordinaire....

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16 hours ago, Freedomrules said:

Whats a reasonable amount of time to tie up your money and to wait for an RV? Key word is reasonable.  1 year? 2 years? 5 years? 10 years? 

Inflation is a beatch. Just figuring US inflation ...If you bought $1000.00 USD worth of dinar in 2007 it is only worth $844.00 today. That's just inflationary losses.

Same goes for that jar of coins sitting in the laundry room. It's losing value every day. Your buying power is dropping because your Government keeps debasing the Dollar.

So whats reasonable? At some point every one needs to decide for themselves but losing money every day does not seem like the right thing to do... Does it?

Agreed....IMO it's up to the individual investor/speculator........no one else. Not JJ, Rockfish,...etc. Losing value on most anything purchased is nothing new....most sane folks understand this

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1 hour ago, caz1104 said:

Agreed....IMO it's up to the individual investor/speculator........no one else. Not JJ, Rockfish,...etc. Losing value on most anything purchased is nothing new....most sane folks understand this

Hello Caz ! I didn't get into this because I was a savvy investor. At the time I had enough money to burn and If I don't make a dime, it doesn't matter because I've already earmarked this money for what ever destination it will yield. I've got to admit that we are a lot closer to the final outcome than ever before. Nothing ever stays the same. Go RV ! :bagofmoney: 

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13 minutes ago, Texstorm said:

Hello Caz ! I didn't get into this because I was a savvy investor. At the time I had enough money to burn and If I don't make a dime, it doesn't matter because I've already earmarked this money for what ever destination it will yield. I've got to admit that we are a lot closer to the final outcome than ever before. Nothing ever stays the same. Go RV ! :bagofmoney: 

:twothumbs:

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On 11/8/2017 at 4:01 PM, new york kevin said:

For 2,222 posts you would think you already knew the answer to this question. The market exchange rate , is the market exchange rate when it comes to a internationally traded currency of a sovereign country.

TRUE BUT the currency exchange MARKET rate is set by supply and demand and could change with every trade.  There is not a one set rate.  Solid currencies that have balanced supply/demand ratios have small margins.  If there is NO demand there will not be any sales. 

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9 minutes ago, rockfl9 said:

TRUE BUT the currency exchange MARKET rate is set by supply and demand and could change with every trade.  There is not a one set rate.  Solid currencies that have balanced supply/demand ratios have small margins.  If there is NO demand there will not be any sales. 

 

The top and bottom margins on this dinar is pretty consistent, the side margins vary......See?  :blink:

 

iqd-5k-back.jpg

 

GO RV, then BV

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1 hour ago, Shabibilicious said:

 

The top and bottom margins on this dinar is pretty consistent, the side margins vary......See?  :blink:

 

iqd-5k-back.jpg

 

GO RV, then BV

Hi Shabs.  I think you know what I meant... Well , maybe not!

Where do you think the money will come from?   The dinar fairy?

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2 hours ago, rockfl9 said:

TRUE BUT the currency exchange MARKET rate is set by supply and demand and could change with every trade.  There is not a one set rate.  Solid currencies that have balanced supply/demand ratios have small margins.  If there is NO demand there will not be any sales. 

Agreed 100% my friend. I believed you understood more about the workings of currencies and market fluctuations up and down. Your original answer/question was deceptive to the amount of knowledge you have acquired by being on this site. 2000 plus answers and all. I have great plans for the post RV, based in large part from also being on this site, commenting, eventually embarrassing myself, and learning from my mistakes. Listening to advice, while waiting to discover who's advice is actually sound. If nothing else being o this site has taught me a great deal about economics, finance, coupled with the knowledge and limited experiences I brought to the table. I feel I have developed some management and objective plans that have been tested in the relatively safe environment of DV-land. Thank you for your time rockfl9.

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21 hours ago, new york kevin said:

Agreed 100% my friend. I believed you understood more about the workings of currencies and market fluctuations up and down. Your original answer/question was deceptive to the amount of knowledge you have acquired by being on this site. 2000 plus answers and all. I have great plans for the post RV, based in large part from also being on this site, commenting, eventually embarrassing myself, and learning from my mistakes. Listening to advice, while waiting to discover who's advice is actually sound. If nothing else being o this site has taught me a great deal about economics, finance, coupled with the knowledge and limited experiences I brought to the table. I feel I have developed some management and objective plans that have been tested in the relatively safe environment of DV-land. Thank you for your time rockfl9.

Kevin,  there is very little factual economic or finance information on this site.  i'm sure you know the rumors are all lies. But even the news section contains a lot of misinformation.  I suggest you go to a library and get a book on international finance, it should have a chapter on currency evaluation.  Thats all you need to understand that the RV that you  are expecting cant happen. My question is "where will the cashin dollars come from?"  No one can answer,.  I think the assumption is that if the CBI SAYS the dinar is worth 10 cents ALL the banks of the world will honor that rate,  without question..   That is ridiculous.  The banks will expect the CBI to buy back any dinar and today ,if it would , the CBI would be hard pressed to make .00086.  Iraq is $120Bn in debt and will need more for the next budget. As a business it is bankrupt.

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On 12/10/2016 at 6:45 PM, Rockymtnhi said:

If they have anywhere from $10 Trillion to $30 Trillion dinar and an rv goes to a dime to a dollar where will Iraq who has less than $60Billion in reserves get the money to exchange all those dinars out there for dollars??  They can't just magically increase the worth of their currency.  Otherwise every country in the world would have already done it and paid off all their debts. The USA has $20Trillion in debt.  Why don't they do it??  Venezuella who is bankrupt and people are starving would just revalue their currenty to become rich.  If Iraq could simply rv why doesn't Venezuella do that to revive their horrible condition?  I'm looking for real answers.

depends on the country..all the surrounding opec countries are valued high, what is their trick to the amounts of wealth....himmmmmm must be the oil.

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4 hours ago, lost one said:

depends on the country..all the surrounding opec countries are valued high, what is their trick to the amounts of wealth....himmmmmm must be the oil.

The Arab countries with high exchange rates are run by Kings. Sultan's or emir's. They OWN the banks  and can setany exchange rate . Iraq and Iran are Normal countries and are stuck with traditional banking rules.

 

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5 minutes ago, rockfl9 said:

The Arab countries with high exchange rates are run by Kings. Sultan's or emir's. They OWN the banks  and can setany exchange rate . Iraq and Iran are Normal countries and are stuck with traditional banking rules.

 

 

Rock, I have not been down to see you in a bit...I sincerely hope you and yours have a good holiday! 

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On ‎12‎/‎2‎/‎2017 at 8:40 AM, rockfl9 said:

The Arab countries with high exchange rates are run by Kings. Sultan's or emir's. They OWN the banks  and can setany exchange rate . Iraq and Iran are Normal countries and are stuck with traditional banking rules.

 

Rock, isn't the reason the surrounding countries like Kuwait  that have high exchange rates is because they have a significantly smaller money supply than Iraq?  

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Hi Sno,  tks for the visit .  but dont get too close to the edge!   Had a soso thanksgiving ,  The girls both decided to spend with husbands families so we settled for a rotisserie chicken ( with all the trimmings of course  )..   Planning for a Christmas get-together.. Hope you are too. 

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On 12/4/2017 at 3:05 AM, Rockymtnhi said:

Rock, isn't the reason the surrounding countries like Kuwait  that have high exchange rates is because they have a significantly smaller money supply than Iraq?  

It's a formula, the higher value of the base denomination they need fewer notes.  Printing and maintaining paper currency is a big expense to the central banks... Idealy they want just enough in circulation for efficient commerce and no more.

The CBI's  predicament was caused by the CPA when it replaced the Sadam notes which  were  already highly inflated . They exchanged 1:1 . They should have corrected  

to 1000:1 then but probably would have upset the Iraqi's.  But if they did ,it would have cost you several hundred thousand dollars to buy a million  dinar AND you would not be in this INVESTMENT would you?.

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23 hours ago, rockfl9 said:

It's a formula, the higher value of the base denomination they need fewer notes.  Printing and maintaining paper currency is a big expense to the central banks... Idealy they want just enough in circulation for efficient commerce and no more.

The CBI's  predicament was caused by the CPA when it replaced the Sadam notes which  were  already highly inflated . They exchanged 1:1 . They should have corrected  

to 1000:1 then but probably would have upset the Iraqi's.  But if they did ,it would have cost you several hundred thousand dollars to buy a million  dinar AND you would not be in this INVESTMENT would you?.

Not following you.  Our new currency was never 1:1 with Sadam's.  What am I missing?  

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15 minutes ago, Rockymtnhi said:

Not following you.  Our new currency was never 1:1 with Sadam's.  What am I missing?  

I believe the CPA swapped one for one with the Sadam dinar and 150 new  for one Swiss dinar.  It was to assure that Iraqi's would not resist and do a complete change.

 

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On ‎12‎/‎7‎/‎2017 at 11:36 AM, rockfl9 said:

I believe the CPA swapped one for one with the Sadam dinar and 150 new  for one Swiss dinar.  It was to assure that Iraqi's would not resist and do a complete change.

 

How does that translate to it now being pegged to the dollar and ~1166 to 1 ?

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On 12/9/2017 at 9:51 PM, Rockymtnhi said:

How does that translate to it now being pegged to the dollar and ~1166 to 1 ?

When the CPA released the IQD in 2003 the rate was 3700: 1 USD  , there was only 4T issued then and reserves were low. . . By 2005 the rate had quickly dropped to about 1500: 1 USD...Those were the good days for oil.,. About 2008 the rate was 1170 and some time after that Shabibi dropped it to 1166. as he increased the reserves . I think now it is 1180 for importers with special rights. One key point is that the reserves have gone from almost $70 Bn DOWN to $40 Bn  and the CBI increased the circulation to 40T IQD which should have moved the rate to over 1300:1  !!! 

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On 12/11/2017 at 4:46 PM, SocalDinar said:

Hey Rock! Hope all is well.

 

That's a lot of Dinar.  That 40 trillion dinar is just The M-1 right?  Whats the M-2 at these days.?  How much would the Central have to fork out if everyone cashed in at 1 penny simultaneously.. ? 

Hi SD. I'm doing well.

The report was " dinar in circulation" , so must be physical.  The last number for M2 was 80T back in 2015.  The CBI has been almost secretive on details lately. 80T pennies would be $800Bn!    That report also showed $6Mil  spent to print new currency  caused a rumor of possible LDs ,but now we know they were just adding more 1000s and ,500s  as those tend to be handled more. 

Now we are leaving the slo go dinar train for the bitcoin roller coaster. 

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Thanks Rock

 

That would be a 1000% increase in value at 1 cent. Really $800 Billion USDs?

This would be close to 5 complete yearly budgets for Iraq. What would this do to help the country of Iraq. Seems  to me that to just reprint the entire currency ( new ISO)  and dropping the zeroes off the note , not the rate would be far cheaper and put the dinar close to a 1 to 1 with the USD

 

So a 10 cent rate  rate would cost the Central; close to 8 trillion dollars and a $1.00 revalue would cost a whopping 80 trillion dollars.?

I have even heard of a $3.00 rate and that would be $270,000,000,000,00?   270 trillion dallars?  That can't be right. I'm no math major but I must be wrong here.

Thats almost an incomprehensible amount of money.

 

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The numbers are correct.  $240T  are more Dollars than in existence !  Why cant people see how ridiculous an RV is with the condition Iraq is in?  The CBI  no longer has the hard currency to support .00086. 

Crypto currencies are the new Tulip Bulb craze... They will crash just the same.

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Botzwana.

 

The answer is NO I do not thinking anyone is an idiot for there beliefs.  

 

We are all human and human nature is to believe what we want to believe. Its inescapable.. This is how our brains work.

But the key words are want to believe in... There was a time that I really wanted to believe that the dinar could revalue and make me rich...

 

I went to universal studios over the weekend and I went on a virtual ride for the first time. The Simpsons ride simulates a roller coaster.

The seats tilt left and right and up and down but you never leave the same spot. The sensation was that i was flying down a roller coaster at 90 miles per hour.

The Harry potter ride had me following Harry on his broom through the air. It was awesome and seemed so real. For those few minutes i believed what i wanted to believe.

This is how magicians earn their money. Have you ever seen a good magic trick.?? You know what you saw was not possible but yet your brain made you believe it was happening.

How about a good tear jerking movie? Why do people cry? Because for those few minutes they want to believe what they are watching is real. 

 

If the math added up . I would still have my 15 Million dinars I once held. Now I keep a 100,000 note and thats all. The whole premise of an RV is still exciting for me but not worth losing money daily because of an economic fact and reality called inflation. Every day your dollars are worth less and less. Like I said I am no math major but i try to understand things when possible. 

 

The whole flat earth thing seems impossible to me but i dont think anyone is an idiot because they have this belief. Even when their is plenty of proof that its not possible.

They are human and believe what they want to believe. No point arguing these things. This is why i no longer argue about the dinar revaluing. You never here me argue the point do you?

But the math does not add up in my head so i have trouble seeing how this can be possible. I can't just believe because I want to and people say so.

 

There are a hundreds of millions of people that believe in a higher power without any proof at all. Just because we exist does not prove anything .... Its all faith.

And thats OK. I will never argue religion. Does me no good so whats the point. I  have no need in changing peoples minds. It does not benefit anyone.

How about Daesh ( ISIS) ? I dont believe they are idiots because of their beliefs do you? They believe in Mohammad and the Koran because they were taught to and want to.

We surely can not just change their minds.

 

I enjoy this website. I dont twitter , facebook or use any social media at all and this is my one website i post on. It sure beats watching porn. LOL.. Millions of people do and will not admit it.

They want to believe its real.

 

I have no other motives being here.... But no one has ever been able  to reasonably explain how the math would work with an RV.. Can you?

 

I truly wish everyone makes a boat load of cash with the dinar... I just can not understand how?

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