Shedagal Posted December 23, 2020 Report Share Posted December 23, 2020 He had a webinar last night, but I was unable to attend it. Am wondering what his take was on the devalue. Anybody here attend? 1 1 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted December 23, 2020 Report Share Posted December 23, 2020 5 minutes ago, Shedagal said: He had a webinar last night, but I was unable to attend it. Am wondering what his take was on the devalue. Anybody here attend? I missed it also. Would like to know. He is a straight shooter. Never quotes a rate or date. Quote Link to comment Share on other sites More sharing options...
Popular Post Dretown39 Posted December 23, 2020 Popular Post Report Share Posted December 23, 2020 4 hours ago, Shedagal said: He had a webinar last night, but I was unable to attend it. Am wondering what his take was on the devalue. Anybody here attend? I listened to him. He explained that Iraq devaluing their currency is a smart move. It's allowing them to pay their debts down at a cheaper & faster rate. This will allow them make good moves when they add value to the dinar in the near future. He said this is good news for us. 5 10 7 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted December 24, 2020 Report Share Posted December 24, 2020 5 hours ago, Dretown39 said: I listened to him. He explained that Iraq devaluing their currency is a smart move. It's allowing them to pay their debts down at a cheaper & faster rate. This will allow them make good moves when they add value to the dinar in the near future. He said this is good news for us. Thank you Dretown39 for this Breitling update - much appreciated. RON 5 1 Quote Link to comment Share on other sites More sharing options...
Dretown39 Posted December 24, 2020 Report Share Posted December 24, 2020 1 hour ago, ronscarpa said: Thank you Dretown39 for this Breitling update - much appreciated. RON No problem👍 1 2 Quote Link to comment Share on other sites More sharing options...
SONIA1 Posted December 24, 2020 Report Share Posted December 24, 2020 Yes Iraq is very smart....🤣 1 1 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted December 24, 2020 Report Share Posted December 24, 2020 13 hours ago, Dretown39 said: It's allowing them to pay their debts down at a cheaper & faster rate. hopefully after iraq pay off all their debts, then the rate will start moving in the right direction. Quote Link to comment Share on other sites More sharing options...
trvlr787 Posted December 24, 2020 Report Share Posted December 24, 2020 (edited) If they pay off their debt like our government does we will never see the Rate change. 😜 Edited December 24, 2020 by trvlr787 1 3 2 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted December 24, 2020 Report Share Posted December 24, 2020 16 hours ago, Dretown39 said: I listened to him. He explained that Iraq devaluing their currency is a smart move. It's allowing them to pay their debts down at a cheaper & faster rate. This will allow them make good moves when they add value to the dinar in the near future. He said this is good news for us. i`m not super smart in the cash -to purchase power system , but , how does cheap value currency , pay off a debt , faster than a high value currency ? seems if the dinar was at 1 too 1 value , the debt of 1000.oo would be paid off faster than a dinar worth 1 penny ... 1000 debt takes 1000 dinar ,@ 1 to 1 ( 1000 @ a penny takes 100,000 pennies ) iraqi mathmatics ? 1 1 4 2 Quote Link to comment Share on other sites More sharing options...
coorslite21 Posted December 24, 2020 Report Share Posted December 24, 2020 11 hours ago, SONIA1 said: Yes Iraq is very smart....🤣 Yes....so smart one wonders if this is the "magic bullet"....why not last year....or 5 years ago....? Like Mongo....Iraq is simply a pawn in the game of life! CL 2 Quote Link to comment Share on other sites More sharing options...
pchester Posted December 24, 2020 Report Share Posted December 24, 2020 All the talk about devalue, sounds to me that now is the time to load up and bye more dinar. It’s cheap! 😂 1 1 2 Quote Link to comment Share on other sites More sharing options...
Dretown39 Posted December 24, 2020 Report Share Posted December 24, 2020 13 hours ago, rvmydinar said: hopefully after iraq pay off all their debts, then the rate will start moving in the right direction. He also said they don't have to pay all the debt off. I believe he mentioned that they won't have it all paid off when they start to add value to it. Quote Link to comment Share on other sites More sharing options...
Dretown39 Posted December 24, 2020 Report Share Posted December 24, 2020 10 hours ago, jeepguy said: i`m not super smart in the cash -to purchase power system , but , how does cheap value currency , pay off a debt , faster than a high value currency ? seems if the dinar was at 1 too 1 value , the debt of 1000.oo would be paid off faster than a dinar worth 1 penny ... 1000 debt takes 1000 dinar ,@ 1 to 1 ( 1000 @ a penny takes 100,000 pennies ) iraqi mathmatics ? I'm not super smart in this either. I listen to him because he never puts out uneducated guessing..just explains how the process works. Sometimes I can grasp what he's saying & there are times when I don't. Either way I like to share info when I feel the source it came from is solid. This site & Breitling is what I stick too. 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted December 25, 2020 Report Share Posted December 25, 2020 5 hours ago, Dretown39 said: He also said they don't have to pay all the debt off. I believe he mentioned that they won't have it all paid off when they start to add value to it. Wouw. That is even better. So all we have to do is just wait for the cbi to release the rv rate. The higher they release the rv rate the quickest they will pay off their debts. Quote Link to comment Share on other sites More sharing options...
new york kevin Posted December 25, 2020 Report Share Posted December 25, 2020 On 12/23/2020 at 10:49 AM, Dretown39 said: I listened to him. He explained that Iraq devaluing their currency is a smart move. It's allowing them to pay their debts down at a cheaper & faster rate. This will allow them make good moves when they add value to the dinar in the near future. He said this is good news for us. I thoroughly appreciate that re-statement of Breitling's latest. When I bought 15 years ago, that understanding of paying off debt and building infrastructure and all on the cheap, well that was understood back then. 1 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted December 26, 2020 Report Share Posted December 26, 2020 On 12/24/2020 at 5:01 AM, jeepguy said: i`m not super smart in the cash -to purchase power system , but , how does cheap value currency , pay off a debt , faster than a high value currency ? seems if the dinar was at 1 too 1 value , the debt of 1000.oo would be paid off faster than a dinar worth 1 penny ... 1000 debt takes 1000 dinar ,@ 1 to 1 ( 1000 @ a penny takes 100,000 pennies ) iraqi mathmatics ? Not sure, but if the majority of the economy is still based on petro-dollars (earning US dollars for every barrel), then they just gave themselves what is a pay/revenue increase allowing them to buy back (and presumably destroy?) more Iraqi currency (20+%) using those dollars. That fascinates me that they could potentially unwind 20+% of the money supply, so easily. Isn't that one function of a central bank (i.e., controlling the money supply)? Then the fun starts when (not if) the Iraqi dinar becomes an internationally traded currency? 3 Quote Link to comment Share on other sites More sharing options...
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