Med's Chat 8/12

[ftruck7]

* Med Chat: Dinar Speculator 8/12/11 10am

August 12th, 2011 11:23 am · Posted in CHATS & POSTS (Iraqi Dinar Info)

Med says to (10:01:05):

GM ALL

WELL I READ AND EDITED THE ARTICLE THAT DINARBELL POSTED

IT WAS OUTSTANDING

I DELETED SOME OF IT

CUZ IT WAS THE SAME ARTICLE POSTED TWICE

IN ONE POST

FINALLY THE WORD REVALUE IS USED

ALSO THAT THE TWO CURRENCIES WILL EXIST TOGETHER

AND BOTH WILL HAVE THE SAME RATE

SO NOT TO CONFUSE

ALSO THAT THE RESERVES THEY HAVE

WILL PROTECT THE VALUE

IN CASE OF MARKET FLUCTUATIONS

THIS IS WHAT SHABIBI WAS DOING ALL THIS TIME

WITH THE MANIPULATION OF THE AUCTIONS

MAKING SURE THAT NO MATTER WHAT HAPPENED HE COULD CONTROL THE VALUE

NOW LET ME SEE SOMETHING

BEFORE I COMMENT

OK ON THE SMALL DEBATE

OF WHAT DO THEY MEAN ON WITHIN A MONTH

TO ME IT DOES NOT MEAN WITHIN THIS MONTH

BUT WITHIN A MONTH OR 30 DAYS

ALSO THE REFUSAL TO GIVE A SPECIFIC DATE

TO ME I LIKED

BUT

AS SPECIFIED IN THIS ARTICLE

INFLATION IS NOT GOOD

AND IT IS NEEDED TO BRING THINGS TO A STOP

OR SLOW THE PACE DOWN

ALL IN ALL

THERE IS NOT ONE BAD THING IN THIS ARTICLE

OK ALL DONE

[bamf1414]

sweet sounds good, we will see

[Saved]

* Med Chat: Dinar Speculator 8/12/11 10am

August 12th, 2011 11:23 am · Posted in CHATS & POSTS (Iraqi Dinar Info)

Med says to (10:01:05):

GM ALL

WELL I READ AND EDITED THE ARTICLE THAT DINARBELL POSTED

IT WAS OUTSTANDING

I DELETED SOME OF IT

CUZ IT WAS THE SAME ARTICLE POSTED TWICE

IN ONE POST

FINALLY THE WORD REVALUE IS USED

ALSO THAT THE TWO CURRENCIES WILL EXIST TOGETHER

AND BOTH WILL HAVE THE SAME RATE

SO NOT TO CONFUSE

ALSO THAT THE RESERVES THEY HAVE

WILL PROTECT THE VALUE

IN CASE OF MARKET FLUCTUATIONS

THIS IS WHAT SHABIBI WAS DOING ALL THIS TIME

WITH THE MANIPULATION OF THE AUCTIONS

MAKING SURE THAT NO MATTER WHAT HAPPENED HE COULD CONTROL THE VALUE

NOW LET ME SEE SOMETHING

BEFORE I COMMENT

OK ON THE SMALL DEBATE

OF WHAT DO THEY MEAN ON WITHIN A MONTH

TO ME IT DOES NOT MEAN WITHIN THIS MONTH

BUT WITHIN A MONTH OR 30 DAYS

ALSO THE REFUSAL TO GIVE A SPECIFIC DATE

TO ME I LIKED

BUT

AS SPECIFIED IN THIS ARTICLE

INFLATION IS NOT GOOD

AND IT IS NEEDED TO BRING THINGS TO A STOP

OR SLOW THE PACE DOWN

ALL IN ALL

THERE IS NOT ONE BAD THING IN THIS ARTICLE

OK ALL DONE

Not quite sure why , but I'm certain someone will bash this ?

But I like it and Thank you very much for posting it +1 for you

[easyrider]

Not quite sure why , but I'm certain someone will bash this ?

But I like it and Thank you very much for posting it +1 for you

[Midx1]

They keep referring to Turkey in many ,many articles,, if like Turkey both currencies will have the same rate,,which is not what we want to hear.

But really starting to become a possibility.

[easyrider]

They keep referring to Turkey in many ,many articles,, if like Turkey both currencies will have the same rate,,which is not what we want to hear.

But really starting to become a possibility.

What i have heard is Turkey didnt have the reserves to back up their currency at the time so thats why they lopped. Fortunately Iraq has it in their reserves.

[tim5400]

nice post ..i like MEDS views on the dinar and Iraq...but we still wait for it

[txwWrestling]

GO RV!!! Good news to me!

[inheritance]

They keep referring to Turkey in many ,many articles,, if like Turkey both currencies will have the same rate,,which is not what we want to hear.

But really starting to become a possibility.

Why would we not want the triple zero notes and lower denominations to have the same rate? Sounds like a good thing to me? They said rate not value! Two total different meanings

[THINK.....]

Nice job Med, good or at least promising info. 1+

[inheritance]

This is why Turkey did a lop. Iraq will not lop they are two total different situations my friends!

December 31, 2004 in Business

Turkey will lop six zeros from its currency at midnight

Louis Meixler Associated Press

ANKARA, Turkey – At midnight tonight, Turkey will cease to be the land of the millionaires and billionaires.

That is when the government drops six zeros from the national currency and Turkey loses the dubious distinction of being the country with the largest denomination in circulation, the 20,000,000 lira, worth only about $15.

The zeros are the result of decades of double-digit inflation that has taken the currency from 2.8 to the dollar throughout the 1950s to 1,350,000 per dollar today.

Introducing a new currency has been a Turkish goal for years, but the government only moved forward this year, the first time in three decades in which inflation fell into single digits.

For many Turks, the new money will end the confusion of dealing in a currency in which the smallest coin in general circulation is the 50,000 and a loaf of bread can cost you 350,000 lira while a small container of orange juice costs 1,900,000 lira.

As the new year begins, that loaf will cost 0.35 new Turkish lira (or 35 kurus – 1 lira will equal 100 kurus in new currency), and that orange juice will be 1.90 new Turkish lira.

Right now, bigger purchases can be measured in the billions and the Turkish gross national product is a mind-bending 424 quadrillion lira or 424,000,000,000,000,000.

Officials hope that the new money, called the new Turkish lira, will make it easier for international trade, which often involves trillions of old lira, and will boost confidence in the economy as Turkey pushes for EU membership.

“The Turkish lira has been like funny money … and now at least in cosmetic terms it will look like a real currency,” said Tevfik Aksoy, chief economist in Turkey for Deutsche Bank.

Behind the change has been stunning economic progress that helped push EU leaders in December to agree to open accession talks with the overwhelmingly Muslim country.

In 2001, Turkey was mired in its worst economic crisis in decades. The lira plunged, inflation hit 70 percent and 2 million people lost their jobs.

In national elections the next year, Turkish voters kicked out the weak coalition government and gave Recep Tayyip Erdogan’s Justice and Development Party a strong enough mandate to rule alone.

http://www.spokesman.com/stories/2004/dec/31/turkey-will-lop-six-zeros-from-its-currency-at/

[GPCarter]

I am totally shocked that all of the so-called gurus are referring to this "article" as if it comes from a news or media outlet. This is strictly an opinion piece and I GUARANTEE you they did not take even 10 seconds to research the writer of the article. If they did they would have never posted this or referred to this as if it is something official or real. The fact that they blindly believe such things shows me they trust anyone and anything as "intel". No wonder they are always wrong. These people don't screen their sources at all. The fact they are clamouring over this article is proof.

Edited August 12, 2011 by GPCarter

[inheritance]

I am totally shocked that all of the so-called gurus are referring to this "article" as if it comes from a news or media outlet. This is strictly an opinion piece and I GUARANTEE you they did not take even 10 seconds to research the writer of the article. If they did they would have never posted this or referred to this as if it is something official. The fact that they blindly believe such things shows me they trust anyone and anything as "intel". No wonder they are always wrong.

Amen Brother!

[Perspective2011]

Can't we all just get along?

[cisole]

thanks for the post ftruck7

[TFK]

Can't we all just get along?

[frankc]

If Med says everytime he posts that it will rv within 30 days, then that could go on forever. lol