Rv 1.00

[Keaton]

still dont know what RV is.

[hunter916]

I think the governments have already worked the details out to take care of the rapidly increasing debt issues our country faces.

[Quart]

Keaton, RV= revaluation. Hunter916, is that your area code?

[jwb]

My suggestion is to either do some historical research yourself, or ask perhaps errnesto tonight: what has happened in prior rv's?? surely the issue existed then, too. Just a thought.

[rt59]

So let me get this straight, they are going to get 20% of 1.5 trill $usd back from Iraq upfront, 300 billion $usd. where do they get that from, and don't say gold. And the rest 1.2 trill in oil. The country only has 8 trill worth of oil in the ground, it would take about 8 years of continuos drilling, 5 million barrels a day to get to that amount, wrong, plus I thought that was how the U.S. was going to get the dinar they currently hold, by purchasing oil.

tuxunder, Nice to have someone join me.. nobody wants to listen..I have the same problem as you. Iraq is not the same as the USA, even with all of there oil..can't get dollars out of a camels butt either. It is going to have to come from some where or a lot of countries will have to be willing to float Iraq tremendous amounts of money for many many decades and hold on to dinars while the oil is pumped and shipped to whoever for a long time.

Man I hope I am wrong, and if I am, I guarantee you I am running to the bank and gone before people wake up. Credit is credit, but hard currency will be the problem for Iraq. And I am talking about the kind that the IQD will be converted for!

[IWantIn]

I would just like to see Iraq pull the trigger...regardless of the rate.

[brad1]

ok post number 9.

[whisky runner]

the dinar will go into a computer chip ... usa paper money in print, 3% .... iraq dinar in printed notes, 80% most money in the world is in computer chips only ...

[tuxunder]

the dinar will go into a computer chip ... usa paper money in print, 3% .... iraq dinar in printed notes, 80% most money in the world is in computer chips only ...

Not heard this one, no one has had an answer yet, including Enorrste, which makes one wonder why we haven't thought this investment all the way through.

[valu]

Couple of things first off.... I doubt there will be this low RV .80 as stated, then a secondary RV a few months later. I think we will get a more substantial RV 2+ range , then a few years down the road a secondary RV as oil exports increase and support the 3.20+ range. I say this because this is difficult for them to do this and does not make sense to have RV's so close to one another. And based on financial documents, it appears they are spending money, lots of it in 2010 so if you went with this "low ball" plan, a secondary RV would have to happen soon. Playing RV games could be disastrous to those plans. I don't think China has much dinar. They held out on the debt to get the oil contract and then dropped 80% once they had it. So to me, I don't think Iraq will get the dinar back from the US...I think the US will trade to China to payoff debt and then China can use the dinar to buy oil or goods over time. Who knows just a theory. Time will tell

i agree kaperoni

[rvinevitable4us]

I would just like to see Iraq pull the trigger...regardless of the rate.

Amen IWantIn

[tuxunder]

i agree kaperoni

Agree with what, I can tell you that Iraq isn't producing enough oil or other products to trade with the U.S. if this happens to RV anytime soon. If we trade our dinar to China they are going to want to get paid from Iraq as well. Notice how this works, we send dinar to China it pays off debt, they get something and we get something, just not seeing what Iraq has to offer in return immediately. People need to think about this.

[DgreenFSU66]

Are u serious?????? Its called the Federal Reserve? We hold lots of foreign currency, but better yet, what is the standard currency for Oil????? The US Dollar. So if a country sells oil to every nation they must use US Dollars to purchase it. Now Iraq is flush with cash and ZERO debit, they trade our cash back for their cash.

Cant you see this is why we lose if they go to another currency and stop using the dollar.

Get up with a member named Artistandwriters, he is squared away. Stop worrying about such silly things, i dont understand all the negetive talk, sound like a bunch of old jewish Grandmothers..

[whisky runner]

usa money 190 trillion with usa 129 trillion in dept ... most money is printed with thin air ... no way america can will ever pay that back ... so money is based on thin air ... who better to take care of money than a banker ... print money on thin air and collect the intrest ... make million on air ... usa feds 48 billion profit form intrest last year ... who cares where money comes from ... as long as they fill there pockets

[diane10718]

DGreen There is no need to argue with anyone over something they do not understand nor willing to research. Most people just want it handed to them on a platter. Capt. Conrad gave a book to read and people should do it because until they do you might as well bang your head against the wall since the wall will understand quicker than some people will. Guys the internet has come of age and you can actually find information and not just porn.

[avenger380]

I think that the post makes real sense. There are no free lunches anywhere else but the United States!

[pokerplayer]

my point is what do they transfer back to the U.S. treasury? is it $usd, euro dollars, pounds, or nothing. And saying that Iraq needs this isn't an answer, something has to be sent back and I want to know what it is.

Hey, were not the bad guys here. So you want to know, big deal, theres lots I want to know as well, but I'm not baddgering these good people for an answer they dont have. So quit with the bad cop attitude, put the hot spot light away and lighten up. There are more polite ways to ask then what your doing. JMHO

poker

[GOBILLS]

this is a very valid question by tuxunder... i have been reading these posts and have not read one definitively good answere... maybe the fertellies from the goonies will be over in iraq and print some money... but seriously i have no clue maybe adam has the answere in his e book.... go bills

[jwb]

Are u serious?????? Its called the Federal Reserve? We hold lots of foreign currency, but better yet, what is the standard currency for Oil????? The US Dollar. So if a country sells oil to every nation they must use US Dollars to purchase it. Now Iraq is flush with cash and ZERO debit, they trade our cash back for their cash.

Cant you see this is why we lose if they go to another currency and stop using the dollar.

Get up with a member named Artistandwriters, he is squared away. Stop worrying about such silly things, i dont understand all the negetive talk, sound like a bunch of old jewish Grandmothers..

...........................................................................................................

I have never thought of myself as a "Jewish" grandmother, but maybe it's time to play the role. The world, and our nation, are on the brink of an economic restructuring that could change everything as we know it today. The Federal Reserve is about to be exposed, once the Amercan public discovers the degree to which shennanigans and hemmoraghing of common wealth have been going on, there will be **** to pay: the Fed may well be out of business.

You are right in that right now, oil is pd for in $'s. However a lot of people are unhappy with that situation. Lucky for us the euro is declining, but the uncomfortable truth is that the $ is also on the verge of collapse. I would not be surprised if, in due course the Gulfo was tied to oil. I do think a fundamental restructuring is inevitable, we have great opportunity because necessity is so often the mother of invention, and Americans are known throughout the world iinnovation, creativity, and our work ethic -- although to be honest that now pales next to the Orientals and Indians. So the verdict is still out, but I'm still singing, America the Beatiful :-)

[DgreenFSU66]

JWB- How right you are. There is talk of a "Golden Dinar" that would be a basket of currencies that would be used to replace the declining US Dollar. In my classes for my masters, we studied the US Budget. the figures are shocking, and if we lose our rating, the interest that we have to pay skyrockets... This Tax and Spend by BOTH Republicans and Democrats has ruined our nation.. we are living in history.. the decline of the U.S. Empire... when will we ever learn?

[Daisy518]

good question

[ronco55]

hi my name is Ron im a new member this shure is like a roller coaster ride

[packerken]

Welcome Ron, hang on the ride is thrilling also. Take everything with a grain of salt, and be patient.

[marc2]

this is useless because the US-China -AND most EURO countries forgave the Iraqi debt...enough allready

[Forrest Gump]

I think it is a valid question that I haven't seen answered satisfactorily