Pitcher Posted August 5, 2019 Report Share Posted August 5, 2019 One last question for anyone. How many people in the USA have Iraqi Dinar and what do you believe is the AVERAGE amount owned per person. Just curious. I’ve never heard this point discussed. 3 Link to comment Share on other sites More sharing options...
GregHi Posted August 5, 2019 Report Share Posted August 5, 2019 Just now, Pitcher said: One last question for anyone. How many people in the USA have Iraqi Dinar and what do you believe is the AVERAGE amount owned per person. Just curious. I’ve never heard this point discussed. Years ago, I heard a guru say he thought there were a million Americans with Dinar and I’d say most have less than 5 million dinar.. the last part is just my opinion.. 3 Link to comment Share on other sites More sharing options...
Pitcher Posted August 5, 2019 Report Share Posted August 5, 2019 Thanks Greg. I have no idea. I have a huge family and I told everyone to buy some. Out of 32 adults only 1 bought 1 mil. Other than that I have zero idea. I million sounds high but ?????? 2 Link to comment Share on other sites More sharing options...
GregHi Posted August 5, 2019 Report Share Posted August 5, 2019 2 minutes ago, Pitcher said: Thanks Greg. I have no idea. I have a huge family and I told everyone to buy some. Out of 32 adults only 1 bought 1 mil. Other than that I have zero idea. I million sounds high but ?????? Who knows pitcher.. it’s all just a guess if you ask me.. The dinar dealers say that get big orders all the time, but who knows.. 2 Link to comment Share on other sites More sharing options...
blueskyline Posted August 5, 2019 Report Share Posted August 5, 2019 https://cointelegraph.com/news/new-iranian-law-government-will-not-recognize-crypto-related-trade...... By Helen Partz New Iranian Law: Government Will Not Recognize Crypto-Related Trade 1908Total views 88Total shares Listen to article 1:53 NEWS The Iranian government has instituted a new law that does not accept crypto as legal tender or recognize domestic transactions carried out with cryptocurrencies. On Aug. 4, the Cabinet of Iran ratified and released a new bill saying that the government will not recognize any domestic trading activity involving cryptos, Iranian news agency PressTV reportstoday. Per the report, the new bill says that the government and the banking system will not view digital coins as legal tender, and Iran’s central bank will not guarantee their value. The new bill follows comments from the deputy governor of Iran’s central bank, who in July announced that buying and selling cryptocurrencies like Bitcoin (BTC) was illegal. Mining allowed albeit with heavy permitting scheme Iran had previously authorized cryptocurrency mining as an industrial activity within a specified permitting scheme. In order to mine cryptocurrency in Iran, local miners will have to get approval from Iran’s Ministry of Industry, Mine and Trade, as well as to ensure that their mining facilities are located outside a 30-kilometer perimeter of all provincial centers in the country. The capital Tehran and the central city of Isfahan are excluded from the list as they will be practicing stricter regulatory restrictions, the PressTV notes. As a part of the new rules, crypto miners will be charged for using energy based on the prices applied for the export of energy from Iran. While mining is now legal in the country, the deputy president of the Islamic Republic of Iran Customs Administration recently noted that the agency has not issued licenses for importing digital currency mining equipment into the country. On July 31, Iranian provincial police arrested an individual for smuggling crypto mining equipment worth around $230,000. The new crypto bill was introduced in Iran in the light of increased popularity of cryptocurrency mining as a method of avoiding international sanctions. 5 Link to comment Share on other sites More sharing options...
chris2028 Posted August 5, 2019 Report Share Posted August 5, 2019 6 minutes ago, Pitcher said: Thanks Greg. I have no idea. I have a huge family and I told everyone to buy some. Out of 32 adults only 1 bought 1 mil. Other than that I have zero idea. I million sounds high but ?????? Good question @Pitcher. I believe many purchased years and years ago but have since moved on to other things or sold them off etc. I know the lady who told me about them 10 yrs ago moved on and gave up because it didnt happen overnight. I would think the numbers are rather low on those who own dinar in the U.S. I kinda look at it in regards to crypto. Before it skyrocketed and folks made a killing, hardly anyone bought into it. But right after millionaires were made everyone talking crypto this and that. But even then only a small percentage f the us dabbles in that. Shoot they barely even talk about Iraq on TV. Lol 4 Link to comment Share on other sites More sharing options...
Pitcher Posted August 5, 2019 Report Share Posted August 5, 2019 I think you might be right Chris. People sell them because they need money, they lose them and don’t forget the loss to mold. Haha. 3 Link to comment Share on other sites More sharing options...
Synopsis Posted August 5, 2019 Report Share Posted August 5, 2019 42 minutes ago, ChuckFinley said: Topped out on my purple trophy AND emerald counter. For NOW, please accept ++++++++++++++++++++++++++++++++++++++++++++++++++++++ Go Moola Nova! 1 Link to comment Share on other sites More sharing options...
Popular Post zul Posted August 5, 2019 Popular Post Report Share Posted August 5, 2019 7 hours ago, HeyJonesy said: In this article the Finance committee is expressing that the budget is the "worst in history". It also states they don't know how to deal with the crisis... calling out "the sales of state properties", the "exchange rate of the Dinar" and "tax collections" all to be impractical. I want this thing to pop as much as everyone else.. we all know it's been a long bumpy road but I don't see this pointing to anything positive... help me out here and please correct me if I'm missing something. Thanks and have a peaceful Sunday. Finance Comm also said “there will be a qualitative boom in the Iraqi economy through drastic changes in public expenditure and investment funds and services.” No, iraq wont be selling their state properties to finance this deficits. People are too worried about the 72 trillions deficits.... Where and how the govt is going to get this money. Would they cause huge/hyper inflations (when u pump 72 trillion dinars into the economy), like Zimbabwe. These are normal 'worries'. When you funnel 72 trillion dinars into the economy, you are actually enriching the private sector and expanding businesses. These expansion will results/cause a lot of people to be hired, creating new consumers ~ increasing demand for more goods and services. They have tried the traditional/conventional budgets (austerity and budget-balancing) before and they have been hobbling...instead of sprinting. That is why they are going for the new approach via their new fiscal policy (FML). But this 'new' approach is neither new nor untested... Quote: "Japan, for instance, is currently running a government debt of close to 240% of GDP and has not experienced runaway inflation. The deficit implies that the government has spent a sum vastly greater than the entire value of the Japanese economy, but has not been able to take in enough tax revenue to cover that expenditure, and is thus floating it with debt. The inflation rate in Japan is currently -0.29%. That's negative inflation. Japan isn't alone. The US Fed was forced to lower interest rates close to zero in order to counter deflation in the US while Bernanke was adding $1 trillion to US bank accounts. Many economists predicted that the Fed's ballooning cash creation would beggar the dollar. But it didn't happen. In Europe, Sweden, Denmark, Switzerland, and the 19 countries in the euro currency area, imposed negative interest rates to flush money out of bank accounts, in hopes of generating inflation. At the same time, the European Central Bank hosed the continent with €2.5 trillion ($2.5 trillion) in "quantitative easing" (new money, but with a diff name). But inflation never happened." So.....printing or creating 'new money', alone, will not create inflations. The real question is ~ can their economy absorb the 72 trillion dinars? I'd say ~ yes, easily. They have the economic capacity in their reconstructions plans, their emerging private sector and their new (young and raring) labor force..... (Remember...this 72 trillions is not the evil 'operational deficits', it is investment and performance spendings). So where the money is coming from? New money from CBI...~ govt issuing/selling treasury bonds in local currency. Their Parliament has already stated, no external borrowings. So everything will be internal. Since iraq will be printing so much money, will they become like Zimbabwe? Of course not!!. Zimbabwe went from being the food-exporting "bread-basket of Africa" to a nation that was unable to feed itself in a matter of months. Agriculture was the backbone of the economy but Mugabe "destroyed in a very short time. The printing of money was not supported/accompanied by increased in productions. They keep spending and spending without producing...... Their external borrowings keep increasing and the value of their currency keep devaluating. Bottomline is (and this is jmo): A rich country like Iraq ned a jump start. They have the resources and the means to do it. And they are about to do it, now. They are getting help/advice from some very good people. They'll be fine..... No....not fine, they will be great!! And we will be happy. And it looks like the whole world is waiting for them. Not just us. 2 2 18 Link to comment Share on other sites More sharing options...
zul Posted August 5, 2019 Report Share Posted August 5, 2019 (edited) I didnt realise it was going to be this long....... Sorry. Edited August 5, 2019 by zul . 2 3 6 Link to comment Share on other sites More sharing options...
Shedagal Posted August 5, 2019 Report Share Posted August 5, 2019 55 minutes ago, Pitcher said: One last question for anyone. How many people in the USA have Iraqi Dinar and what do you believe is the AVERAGE amount owned per person. Just curious. I’ve never heard this point discussed. These are good questions. Seems we have discussed it in the past, but there is no real way to calculate. As stated, many blew it off as a scam; then many who bought thinking it was imminent quickly sold. Even some who stuck around eventually gave up. A million dinarians does seem a little high, but there are lurkers and passive investors who put in what they could lose, put it in a safe place, and went on with life. We all have our stories about telling people before we learned to keep our mouths shut. I seem to remember Adam saying he believed the average dinar holder had 5 million or less. Of course, serious financially-able investors have more. I have family members who have 3/4 mil to 20+ million. My hope is that an RV is as unreported as the Zim and Rial were, and we can maneuver into our new found wealth discreetly. 6 4 5 Link to comment Share on other sites More sharing options...
pokerplayer Posted August 5, 2019 Report Share Posted August 5, 2019 20 minutes ago, Shedagal said: These are good questions. Seems we have discussed it in the past, but there is no real way to calculate. As stated, many blew it off as a scam; then many who bought thinking it was imminent quickly sold. Even some who stuck around eventually gave up. A million dinarians does seem a little high, but there are lurkers and passive investors who put in what they could lose, put it in a safe place, and went on with life. We all have our stories about telling people before we learned to keep our mouths shut. I seem to remember Adam saying he believed the average dinar holder had 5 million or less. Of course, serious financially-able investors have more. I have family members who have 3/4 mil to 20+ million. My hope is that an RV is as unreported as the Zim and Rial were, and we can maneuver into our new found wealth discreetly. I have to agree. Of all the Family and Friends who bought, is anywhere from 50,000 to 15M dinar, with the vast majority of those in the 1-2 M range. pp 3 Link to comment Share on other sites More sharing options...
Karsten Posted August 5, 2019 Report Share Posted August 5, 2019 1 hour ago, Pitcher said: Thanks Greg. I have no idea. I have a huge family and I told everyone to buy some. Out of 32 adults only 1 bought 1 mil. Other than that I have zero idea. I million sounds high but ?????? I started this ride with $750,000 and should have been happy.....I added, here and there to just under $3,000,000. Then I got to looking into the VND and added around $15,000,000.....As it is looking at present I have a lot of colorful play money and no grandkids to let play with it. Karsten 2 6 Link to comment Share on other sites More sharing options...
pokerplayer Posted August 5, 2019 Report Share Posted August 5, 2019 1 minute ago, Karsten said: I have a lot of colorful play money and no grandkids to let play with it. Grandpa ? Is that you ? LOL pp 10 Link to comment Share on other sites More sharing options...
lmb4321 Posted August 5, 2019 Report Share Posted August 5, 2019 41 minutes ago, Shedagal said: I seem to remember Adam saying he believed the average dinar holder had 5 million or less. Of course, serious financially-able investors have more. I have family members who have 3/4 mil to 20+ million. My hope is that an RV is as unreported as the Zim and Rial were, and we can maneuver into our new found wealth discreetly. I did the "while you wait accumulate" approach.....i also know people that have over 20 million also..... And agree...'discreetly"..... 4 Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted August 5, 2019 Report Share Posted August 5, 2019 Most of the folks I know have 500k to 2 million. I know a few with multiple millions but those are few and far between. I would say the Max amount of Americans that have any would be 1 million people. Id say people who are actively following this would be under 100k Just look at the comments section here... the most I see browsing at any given time would be about 100 people and this is probably one of the more respected Dinar sites due to the fact that Adam isn’t a pumped telling us rates and dates every other day Just my thoughts 1 4 Link to comment Share on other sites More sharing options...
Arceo Posted August 5, 2019 Report Share Posted August 5, 2019 Considering most of America doesn’t have 500 USD in savings. Most aren’t saving 1k for a million of dinar for years. Leaves the rest of us responsible ppl that aren’t rich but looking for a shot. So. That’s about 100 ppl with a few mil 2 Link to comment Share on other sites More sharing options...
T B Posted August 5, 2019 Report Share Posted August 5, 2019 tell me i was dreaming, travis tritt, can someone play this song for me? will i ever see the dinars revalue? i buy them in 2oo5 when my wife died. 1 Link to comment Share on other sites More sharing options...
Miamiheatnic Posted August 5, 2019 Report Share Posted August 5, 2019 So it against rules to talk about how much we have or stuff like that? I don’t see a problem. Was just curious lol 2 Link to comment Share on other sites More sharing options...
new york kevin Posted August 5, 2019 Report Share Posted August 5, 2019 On 8/2/2019 at 8:00 PM, navira said: The agency said that the Central Bank of Iran will set a gradual transition period of 24 months to withdraw the old banknotes and replace them with nwe notes. We all know that this doesn't change a thing , right ? They can call it a revalue or any other similar word , but whatever they do to their currency won't change the market value of their currency. Its true value is reflected in its current international valuation . They would have to purchase a infinite amount of gold, and or the US would need to lift all the sanctions which won't happen till they negotiate in faith with Mr Trump. 1 Link to comment Share on other sites More sharing options...
navira Posted August 5, 2019 Report Share Posted August 5, 2019 NYK, u need to read a lot of things that u missed haha 2 Link to comment Share on other sites More sharing options...
NoviceInvestor Posted August 5, 2019 Report Share Posted August 5, 2019 Why am I skeptical ??? Maybe because it just past noon Monday here. 😃 1 Link to comment Share on other sites More sharing options...
navira Posted August 5, 2019 Report Share Posted August 5, 2019 Hey pp, I think this means this coming sunday... We are talking Iran's timeline, not Iraq haha. Here it is:The president of the Central Bank will provide more information on the subject next Sunday," he said. 2 Link to comment Share on other sites More sharing options...
pokerplayer Posted August 5, 2019 Report Share Posted August 5, 2019 Thxs navira. Been wondering all day why no news on this subject. Cheers, pp 1 Link to comment Share on other sites More sharing options...
navira Posted August 5, 2019 Report Share Posted August 5, 2019 Me too...had to go back on that article...I realized that next Sunday really means next Sunday for Iran...Iraq is different when they say next Sunday it means this sunday...cheers 1 Link to comment Share on other sites More sharing options...
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