SHOULD THE U.S. REVALUE THE DOLLAR?

[Legolas]

Should the U.S. RV The Dollar?

Consider for a moment……..We are hopeful that Iraq will increase the current value of the IQD by as much as 1,000 to 3,600 times to a rate of $1.00 - $3.68 (or more depending on which pumper we choose to believe.)

Known Facts:

1. Iraq is a war torn, poverty stricken country with its infrastructure in virtual shambles

2. Iraq has a GDP of approximately $82 Billion Dollars per year

3. Iraq currently pumps app. 2.5 million barrels/day of oil – expected to “possibly” reach 11 mpd in 10 years

4. Iraq has an M2 of app. 59 Trillion Dinars, w/ app. 30 Trillion believed to be in circulation.

1. The U.S. is the most powerful country in the world, and the Dollar is the world’s reserve currency.

2. U.S. GDP is app. $15 TRILLION Dollars – more than 1,500 times larger than that of Iraq

3. The U.S. pumps 25 million barrels/day of oil – 10 times more than Iraq

4. The U.S. has an M1 of close to $2 TRILLION Dollars – 15 times LESS than Iraq’s would be if they revalue to as little as $1.00/Dinar which would increase their M1 to $30 TRILLION Dollars

With all of the economic woes of the U.S. – National Debt; Budget Deficit; Medicare in shambles; Weakening Dollar in the world economy, etc. – If Iraq can arbitrarily increase the value of their currency by 1,000 times given their current conditions, why couldn’t WE arbitrarily RV the U.S. Dollar by a paltry 10 times in comparison, making it worth $10, or even 3 times, making it worth $3??? The U.S. quite obviously has a net worth thousands of times greater than Iraq, right? A simple RV of this nature would solve all of our economic problems overnight. If Iraq can increase 1,000 times, surely we could increase by as little as 3 times, right?

OR:

Does it actually make much more sense that Iraq would increase the value of its currency 1,000 times by “removing the zeros,” thereby immediately increasing the value of a Dinar to .86 cents – roughly equivalent to the U.S. Dollar, and more valuable than all but one of the surrounding Mideast countries??? – which is exactly what they’ve been stating ad mauseum in ALL of the news articles. Simultaneously, they could RV by as little as 16%, which would make the value of a Dinar EQUAL to the U.S. Dollar.

Obviously, we would all PREFER that they increase the value BEFORE making this change, thereby making us overnight Millionaires, but does this REALLY make any sense given current conditions and world facts? Honestly, which scenario would seem to be more logical? Are they lying to us?

[Joe P]

They are only lieing to YOU.

geez...there are 4 surrounding countries with rates over a dollar. If yoy can't get those facts right, none of your statements hold any water.

[divemaster5734]

The US Dollar has been floating on innuendo and pure BS for decades.

We have no real manufacturing base other than military, most of the precious metals mining is done by foreign companies, China owns Lake Michigan, and we are about to be torn in half by progressive liberal socialists.

Aside from that, increasing the value of the dollar will destroy any chances of a production revival, that is if our own government doesn't force all companies to produce overseas like they are trying to do with Gibson Guitars.

At least Iraq has the 3rd largest oil deposits,(of oil deposits able to be drilled, the eco terrorists won't let us develop Alaska), which give it intrinsic value.

Americans need to figure out what they stand for, make the stand, and then worry about giving ourselves any real value.

I love this country, I love what I was led to believe it stood for, the problem is I have now found out it is a bunch of lies.

Edited September 5, 2011 by divemaster5734

[Texhad]

It would seem that the MASSIVE U. S. debt would come into play in any comparison between economies.

Go RV!

Blessings,

Texhad

[Nani?]

Legolas really really wants a lop

[dog53]

+1 Legolas The way I figure it break even on the dinar. make decent profit (not great) on the dong

[JWJW11]

Legolas really really wants a lop

Workin hard for a LOP!

[drox]

Way to make us think Legolas. Good solid perspective. Hopefully the truth lies somewhere in between on the Dinar.

They are only lieing to YOU.

geez...there are 4 surrounding countries with rates over a dollar. If yoy can't get those facts right, none of your statements hold any water.

Joe P... looks like you left out a lot of details to make your claim. What are the M2's, populations, GDP, reserves, debts, and PPP for those 4 nations you are comparing Iraq to? Are they politically sound? Do they have infrastructure and banking systems in place? How is the security there? Are they under economic sanctions? If you can't use those facts then your claim can't hold any water.

[tyron]

True Legolas, what you say would be logical and to be expected in a world that was run by honest men for good and fine purposes. This world is DEFINITELY not! To start with making a country stronger or better does not seem to be on any leader's agenda. It's certainly not on Obama's list or Camerons or Sarkozy or Berlusconi or Bush or Clinton or..... I could go on forever. Do you think America is dying by accident? We don't and will probably never know why Iraq had to be invaded. But that there was an esoteric agenda as well as an economic reason is clear. It is unfortunate but RV might be on the cards even if it may not be in the best interests of Iraq.

[wavggg]

the dollar already has been revalued - at 1/200th of its value from 1933

Edited September 5, 2011 by wavggg

[fastarnie]

Way to make us think Legolas. Good solid perspective. Hopefully the truth lies somewhere in between on the Dinar.

Joe P... looks like you left out a lot of details to make your claim. What are the M2's, populations, GDP, reserves, debts, and PPP for those 4 nations you are comparing Iraq to? Are they politically sound? Do they have infrastructure and banking systems in place? How is the security there? Are they under economic sanctions? If you can't use those facts then your claim can't hold any water.

drox, you make me go wow everytime I read what you put down. You seem to be one smart person. Makes me not want to post for sure, but of course what kind of fool would I be if I didn't. Just wanted to give you props.

[Luigi1]

At the rate inflation is shrinking the purchasing power of the Dollar...in about two years the Dollar will be like the ID today. You'll need a wheel barel full to buy a quart of milk.

[msm2137]

This is how rumors get started.

[rocketman2010]

The U.S. Dollar should rv in country only...... Just Sayin' drop the zeros on China.

Edited September 5, 2011 by rocketman2010

[Legolas]

Many are totally missing the point of the post. I wasn't implying that the U.S. should revalue the Dollar. Think about it for a second and you'll understand the analogy. If the U.S. could not possibly justify revaluing the Dollar, in view of the fact that our economy is thousands of times stronger(as bad as IT is) than that of Iraq, then how could Iraq possibly do it? The numbers simply do not work, and there's absolutely no way to MAKE them work. You will never see a pumper or promoter of the straight RV scenario provide a logical explanation as to HOW it could be done given the economic realities. The ONLY thing they will tell us, over and over again, is that Iraq can not lop - and the scenario most of us are describing is NOT a lop. It is a re-denomination, which instantaneously INCREASES the value of the Dinar by 1,000 times. But the fact of the matter is that these pumpers don't want us to understand that fact. They prefer that we see this as a DE-valuation, which it very definitely is not.

Joe P, on 05 September 2011 - 11:58 AM, said:

They are only lieing to YOU.

geez...there are 4 surrounding countries with rates over a dollar. If yoy can't get those facts right, none of your statements hold any water.

Joe P.....speaking of facts, exactly WHICH 4 surrounding countries are you referring to? Who aside from Kuwait has a value of $1.00 or more? Kuwait is the only one bordering Iraq. Of ALL of the 14 OPEC countries, only Kuwait is over $1.00, and of the 8 GCC countries, only Kuwait, Bahrain, and Oman, are over $1.00. A re-denomination would immediately increase the value of the IQD to be nearly equivalent to the Dollar. If you can't see that reality, you need to re-examine the math.

[divemaster5734]

Many are totally missing the point of the post. I wasn't implying that the U.S. should revalue the Dollar. Think about it for a second and you'll understand the analogy. If the U.S. could not possibly justify revaluing the Dollar, in view of the fact that our economy is thousands of times stronger(as bad as IT is) than that of Iraq, then how could Iraq possibly do it? The numbers simply do not work, and there's absolutely no way to MAKE them work. You will never see a pumper or promoter of the straight RV scenario provide a logical explanation as to HOW it could be done given the economic realities. The ONLY thing they will tell us, over and over again, is that Iraq can not lop - and the scenario most of us are describing is NOT a lop. It is a re-denomination, which instantaneously INCREASES the value of the Dinar by 1,000 times. But the fact of the matter is that these pumpers don't want us to understand that fact. They prefer that we see this as a DE-valuation, which it very definitely is not.

Joe P, on 05 September 2011 - 11:58 AM, said:

They are only lieing to YOU.

geez...there are 4 surrounding countries with rates over a dollar. If yoy can't get those facts right, none of your statements hold any water.

Joe P.....speaking of facts, exactly WHICH 4 surrounding countries are you referring to? Who aside from Kuwait has a value of $1.00 or more? Kuwait is the only one bordering Iraq. Of ALL of the 14 OPEC countries, only Kuwait is over $1.00, and of the 8 GCC countries, only Kuwait, Bahrain, and Oman, are over $1.00. A re-denomination would immediately increase the value of the IQD to be nearly equivalent to the Dollar. If you can't see that reality, you need to re-examine the math.

I didn't miss the point, I just used your post as a soap box to vent my frustrations..

Honestly, I can see a 1 to 1 RV, just hope it happens BEFORE RD

Edited September 5, 2011 by divemaster5734

[easyrider]

They metioned the restructuring of the dinar would happen after the value is increased thats what was said. Remember when kuwait revalued there wasn't the technology we have today, they have to put out smoke why would they want to come out and say eactly what they are going to do??? China did the same thing then they revalued. Iraq is full of liars. That is FACT. Shabbibi is really smart this has been planned for years to R/D after they have studied this for years is rediculous in my books also to go international for the first time with their currency and to R/D would honestly make them look foolish i see what your saying but the R/D will not occur first.

Edited September 5, 2011 by easyrider

[Legolas]

Legolas really really wants a lop

Nani, I can assure you, there are few on here who want the straight RV more than I, nor are there many who hold more Dinars. The simple truth is that 3+ years ago, I was convinced by a few people that there was a near "certainty" that the RV was "imminent," and that there was literally no time to do the necessary research before it would be too late to buy. Doing quick math, I decided that the most I could lose would be 40% of my investment, and I figured I could afford that loss in a worst case scenario. Obviously, it's no longer even remotely possible to count the number of times we've been told that the RV is imminent.

Since that time, after extremely extensive research, and having watched literally thousands of lies from the pumpers and gurus, I have changed my opinion. I still have slight hope that Iraq may decide to increase the value of the IQD in conjunction with the RD, and that we "might" in that way make a decent profit on this investment. If not for that slight hope, I assure you I would have sold my Dinars long ago. Trust me.....I'd love to have one of these drive-by pumpers convince me that I'm wrong, but they don't even make the effort, despite numerous challenges and requests to do so. They have a worthless, unsubstantiated two word mantra: "NO LOP" - and many are eager to eat it up.

[Legolas]

They metioned the restructuring of the dinar would happen after the value is increased thats what was said. Remember when kuwait revalued there wasn't the technology we have today, they have to put out smoke why would they want to come out and say eactly what they are going to do??? China did the same thing then they revalued. Iraq is full of liars. That is FACT. Shabbibi is really smart this has been planned for years to R/D after they have studied this for years is rediculous in my books also to go international for the first time with their currency and to R/D would honestly make them look foolish i see what your saying but the R/D will not occur first.

Easy, there is absolutely no doubt that due to difficult translation issues, many of the articles have been confusing, at best. That being said, the question we have to ask ourselves is this: "What single possible reason could they have for increasing the value of the Dinar BEFORE re-denominating it? Why would they do it, and what would they gain?"

As far as I can see, the only thing this would do is make millionaires of those (mostly foreigners) who hold large quantities of their currency, and would undeniably and unnecessarily cost TRILLIONS of Dollars.....whereas the re-denomination (removing the zeros) instantly accomplishes BOTH of their ultimate goals. #1) It instantly increases the value of the Dinar by at least 1,000 times its current value - (even more if they RV at the same time) - thereby returning the Dinar to a position of parity (or more) with many other world currencies, and #2) It greatly helps the business and banking industries by drastically simplifying counting procedures, while at the same time reducing their M2 figure from 59 TRILLION Dinars to 59 BILLION.

[HopefulTxn]

They metioned the restructuring of the dinar would happen after the value is increased thats what was said. Remember when kuwait revalued there wasn't the technology we have today, they have to put out smoke why would they want to come out and say eactly what they are going to do??? China did the same thing then they revalued. Iraq is full of liars. That is FACT. Shabbibi is really smart this has been planned for years to R/D after they have studied this for years is rediculous in my books also to go international for the first time with their currency and to R/D would honestly make them look foolish i see what your saying but the R/D will not occur first.

The problem is that Kuwait never devalued their currency for it to be revalued. Please show where the CBK lowered the value of the KWD to reflect the value that was imposed on it through occupation by Saddam. The day that banks reopened they had a new currency that reflected the value it had (or very close to) prior to the invasion.

China actually didn't 'revalue' their currency from all the economic reports that I have seen on it. They are stated to have relaxed the stringent controls regarding appreciation and depreciation that could occur due to market changes. It has appreciated about 3/10 th's of a penny ($0.003) since they made the change.

We all hope for the massive revaluation that has been promoted over the years, but at a minimum we can hope that there is a revaluation of the currency before they redenominate, if that is what they end up doing.

[mcjocky1]

If America has these Billions of Dinar that will cure all ills after an Iraqi RV why is it hell bent on trying to bankrupt it's staunchest allie, by threatening court actions against some major banks that could cause not only Britain but the whole of Europe to tumble into another recession. Some on here bandy about flashy words and phrases and sit behind the annonimity of their computer screen and descend into the dinar abyse but try just now and again to surface and see what is happening in the real world instead of this so far make believe world that seems to have deprived some of their god given common sense. How far do you travel before you see a boarded up buiseness or a re-posessed house. Fannie & Frankie with their giveaway mortgage rates, stock market greed, bankers and their poor debt scoreing, it goes on and on. Banks over here hang on but only just in some cases, if Europe implodes a very big slice of America's market for the sale of your goods evaporates and cheaper Chinese goods fill the void thereby causing your exporters to lay off staff and reduce their need for other companies parts and then you join the downward spiral. Those Ex. armed forces on here all understand the need to push, pull,cajole, and when needed carry your buddy to get him through selection to achieve a strong united reliable force a "brotherhood" , IMO a few world leaders fall far short of the standard expected of them.

[Rossenbos]

Should the U.S. RV The Dollar?

Consider for a moment……..We are hopeful that Iraq will increase the current value of the IQD by as much as 1,000 to 3,600 times to a rate of $1.00 - $3.68 (or more depending on which pumper we choose to believe.)

Known Facts:

1. Iraq is a war torn, poverty stricken country with its infrastructure in virtual shambles

2. Iraq has a GDP of approximately $82 Billion Dollars per year

3. Iraq currently pumps app. 2.5 million barrels/day of oil – expected to “possibly” reach 11 mpd in 10 years

4. Iraq has an M2 of app. 59 Trillion Dinars, w/ app. 30 Trillion believed to be in circulation.

1. The U.S. is the most powerful country in the world, and the Dollar is the world’s reserve currency.

2. U.S. GDP is app. $15 TRILLION Dollars – more than 1,500 times larger than that of Iraq

3. The U.S. pumps 25 million barrels/day of oil – 10 times more than Iraq

4. The U.S. has an M1 of close to $2 TRILLION Dollars – 15 times LESS than Iraq’s would be if they revalue to as little as $1.00/Dinar which would increase their M1 to $30 TRILLION Dollars

I think you are wrong on many counts.

1. The $ can't be revalued as the $ is the benchmark. How can you revalue the $? Against what? This means all other currencies in the world go down! Let's assume they all are divided by three. We would still be seriously wealthy if the dinar then RVs 1:1.

2. Some politicians in the US (like Forbes) wants to move back to a gold standard. What is happening to day does not work.

3. It's not the "countries" who RV or set values, but the Federal Banks. The bankers. They use it for their own purposes. And they will use whatever motivation and rationale they bloody well like.

4. It is geopolitics.

5. Currenncy values in a real economic sense are determined by future value (increase) of a country. US's future value is debatable. Iraq's is too of course, but Iraq can only go up.

Your description of dropping the zeroes and move to .86 is already an RV by the way....

I commend you for trying to make sense of this all using a 1960s marco-economic text book. You need to read something like "The Elite Plan for a New World Social Order" by Richard K. Moore. Not sure if it's published on the net though. Google it.