Central Bank reveals details of the Iraq Currency

[Sanssouci]

Paul Wolfytits is part of the bush administration

be as snippy as you want, i think all humans are a-holes

And of what species are you but human? (Sanssouci imagines a well-trained dog typing at a computer keyboard.)

The "snippy" remark was in response to Francie, who implied that all of my remarks are "snippy." If "snippiness" equates to getting right to the point, I will be as "snippy" as I want to be. Thank you very much.

But I believe that will be just an opinion, as everyone here has.

Opinions are like humans, er- a-holes. And they all stink except for mine.

Edited October 15, 2011 by Sanssouci

[ColonelKurtz]

It's sort of like telling someone how to drive a car but you don't own a car, and you don't have license and you don't ever plan to.

I'm not telling anyone what to do with their dinar, I'm just asking people to do their own research and for the pumpers to quit spewing lies that for some reason, many believe. I would argue it's much more like telling someone to be careful buying a car, and to research it thoroughly before their purchase, even though I don't own a car. Is that bad advice?

As I asked before, how does owning dinar make you more of an expert? I clearly stated why I had an interest in this issue and what my motives were for joining this forum.

But back to the issue at hand. Can anyone besides Aqua Dude actually tell me this article is about an RV? The reason I chose this thread to start talking is because I think it's a disservice to twist articles to fit your point of view. Maybe some objectivity will help non-dinar holders to decide whether or not to actually buy. That is my motivation, not to troll, not to anger, not to tell you how to drive, I'm just looking for objectivity so that interested parties are not deceived by the lies or delusions of Aqua Dude and others.

[Aqua Dude]

IMO, 25,000 IQD = $21, now at a rate of 1 USD to 1170 IQD a.k.a 0.00086 nominal or .00086 USD per 1 IQD,

'remove three zeros' off nomial which would become 0.86 which makes the exchange rate 0.86 USD per 1 IQD making 25,000 dinar worth $21,150 USD

as you see the purchasing power has 'increased by three zeros' like the article stated(use to be worth $21 now worth three zeros more, $21,150) AND the CBI has "deleted three zeros" from the exchange rate/nominal value(used to be .00086 and now is 0.86) LIKE THE ARTICLE STATED

+1 if you understand this math

WHAT I JUST SAID ABOVE IS NOT REDENOM!!!!

[Sanssouci]

The reason I chose this thread to start talking is because I think it's a disservice to twist articles to fit your point of view. Maybe some objectivity will help non-dinar holders to decide whether or not to actually buy. That is my motivation, not to troll, not to anger, not to tell you how to drive, I'm just looking for objectivity so that interested parties are not deceived by the lies or delusions of Aqua Dude and others.

Another candidate for canonization...

[zigmeister]

I'm not telling anyone what to do with their dinar, I'm just asking people to do their own research and for the pumpers to quit spewing lies that for some reason, many believe. I would argue it's much more like telling someone to be careful buying a car, and to research it thoroughly before their purchase, even though I don't own a car. Is that bad advice?

As I asked before, how does owning dinar make you more of an expert? I clearly stated why I had an interest in this issue and what my motives were for joining this forum.

But back to the issue at hand. Can anyone besides Aqua Dude actually tell me this article is about an RV? The reason I chose this thread to start talking is because I think it's a disservice to twist articles to fit your point of view. Maybe some objectivity will help non-dinar holders to decide whether or not to actually buy. That is my motivation, not to troll, not to anger, not to tell you how to drive, I'm just looking for objectivity so that interested parties are not deceived by the lies or delusions of Aqua Dude and others.

You remind me of someone. Donnydoright/ridewthme38.

However if I did not own a car, didn't have license and didn't plan to, I would figure the person who has had the experience knows more than I do.

As far as the dinar, the deed is done, your too late dude! When it RV's you might wish you had some.

[tandy]

We are looking good.....go RV!!!

bama...we can't help it...it runs in the family!....oh! cuse me, you meant the investment...yep we keep thinkin it will!! cheers

[Sanssouci]

When it RV's you might wish you had some.

...the operative word being "when." I would bet a 25,000 dinar note that the Colonel has his own secret stash.

[Carrello]

Well, I'd just bet your parents must be proud of you!! You don't even own dinar??!! Now, how smart is that!! It tells us that all you bring to the table is an opinion. And that you actually have the nerve to duck in here and try to offer your wise advise and council, but with no credentials--just an opinion!! You don't have a dog in this fight--so no one here cares what you think!! Your pathetic attempt to advise dinar owners is immature, immaterial, ill-advised, and unwelcome.

Francie, you have been liberated! You go girl!

COLONEL KURTZ:

I would suggest, that if you are going to pop in here and counsel some very intelligent members here,( I don't need to name names, you know who you are) on this investment, you had better come up with with data and analysis. You cannot just tell someone to stop doing something without telling them why, and stating the numbers don't add up does not cut the mustard.

If you would like to submit hard data and analysis, I am sure there are many people that would be willing to listen to you have to present. The door is open.

Edited October 15, 2011 by Carrello

[ColonelKurtz]

Carrello, there are currently 29 trillion dinars in circulation. There is 10.2 trillion US dollars according to the last M3 figures. This means that an RV of 1.00 would make the Iraqi money supply worth almost 3 times the United States money supply. With roughly %10 of the population of the United States, and an economy 150x smaller, do you believe the Iraqi currency as a whole should be the most powerful currency in the world? As a FIAT currency that is not backed by oil, the oil reserves of the country make no difference to the currency value, remember.

Please explain to me how these numbers would allow Iraq to claim themselves 1,000x more wealthy than they currently are and why any other country would be happy to deal with this change in exchange rate. And I will return your challenge in kind, can you show me hard data that would allow Iraq to support a significant RV? Clearly the currency numbers are more than enough to prove this impossible...

[zigmeister]

Carrello, there are currently 29 trillion dinars in circulation. There is 10.2 trillion US dollars according to the last M3 figures. This means that an RV of 1.00 would make the Iraqi money supply worth almost 3 times the United States money supply. With roughly %10 of the population of the United States, and an economy 150x smaller, do you believe the Iraqi currency as a whole should be the most powerful currency in the world? As a FIAT currency that is not backed by oil, the oil reserves of the country make no difference to the currency value, remember.

Please explain to me how these numbers would allow Iraq to claim themselves 1,000x more wealthy than they currently are and why any other country would be happy to deal with this change in exchange rate. And I will return your challenge in kind, can you show me hard data that would allow Iraq to support a significant RV? Clearly the currency numbers are more than enough to prove this impossible...

I think Betty should get you some meds Donnie. You are obsessed with Dinar Vets.

[BETTYBOOP]

It seems that every even semi legit source that speaks to the IQD, talks about chopping off zeros. This sound like lop lop lop to me. Just my luck to wait five years to break even.

I think you will find that it depends on the manner in which they remove the zeros. However, i may be wrong.

Uncirc. Go back and read the crazy thread.

I think Betty should get you some meds Donnie. You are obsessed with Dinar Vets.

Nope........don't think even i could fix this one.

[uncirculd]

hmm.. 29 trillion dinars = 24,839,400,428.27 USD

Edited October 15, 2011 by uncirculd

[ColonelKurtz]

I think Betty should get you some meds Donnie. You are obsessed with Dinar Vets.

Does this mean you don't have an answer to my question? Just more attacks?

[BETTYBOOP]

Does this mean you don't have an answer to my question? Just more attacks?

No i do not think that was his answer. He has just stated an opinion, just like you claimed. Also i would not consider what carello said to be an attack of any kind. However, YOU have openly admitted that you do not hold any dinar.......apparently.....but you decide to be a member on a dinar investment forum.......THAT makes me suspicious right away......why are you here? Just curious....because as far as i can make out you have not really brought anything new to the table. The majority of us have seen AND read the scam articles and all the LOP articles but we have made our own INFORMED choices. NOBODY held a gun to our heads. And if you are who some of us suspect you to be......well i would think in reality you only wish to cause upset and in forum arguements and i for one have very little time for those sort of people. I look after to many people with those sort of issues every day of my working life.......it is generally referred to as PERSONALITY DISORDER.

[xyzzy]

It's sort of like telling someone how to drive a car but you don't own a car, and you don't have license and you don't ever plan to.

If the subject at hand was how it felt or how it changed your thinking or some other facet of owning dinar, you would be correct. However the subject is the possible future of the dinar and the associated ROI and on that score actually owning dinars is irrelevant.

[Sanssouci]

Does this mean you don't have an answer to my question? Just more attacks

How is the Blue Lodge treating you these days, Donnie?

If the subject at hand was how it felt or how it changed your thinking or some other facet of owning dinar, you would be correct. However the subject is the possible future of the dinar and the associated ROI and on that score actually owning dinars is irrelevant.

At hand is the ancillary question of why a self-described permanent non-holder of Iraqi dinar would nonetheless develop a keen interest in discouraging other holders, or would-be holders, within a forum that is dedicated to speculation regarding the possible future of the dinar.

Edited October 16, 2011 by Sanssouci

[ColonelKurtz]

Thank you xyzzy for your posts again.

Betty, you are responding with more attacks and not an actual discussion. You start your post claiming I wasn't being attacked, and end it by telling me I have a personality disorder. Apparently I need to have invested in dinar, and now regret my investment to discuss this logically. I clearly stated my intentions of being here, mainly to thank the posters who discuss things with respect and common sense. I do not have to own dinar to know others who have invested, to research this matter, or to discuss it civilly.

Also, I would love to hear who you and others "suspect i am," considering this is the first time I have ever entered the dinar world at all.

Again, I feel I have openly expressed my intentions here but to clarify... I am not trying to dissuade anyone who owns dinar from holding hope in their dream. I'm not here to start arguments or flame wars. I am here to thank the members who post logically, and to point out what I see as obvious fallacies in logic. I do not do this to be a "saint" as someone claimed, I am doing this because I know this site is heavily trafficked, and feel that potential investors should see something other than Aqua Dude claiming every RD article is for an RV. I do this because I can see the trouble blind faith has caused in many lives, and know that some people will invest more than they can afford.

Again, I am not trying to dissuade any dinar holders. My posts are meant to encourage non-investors to research the dinar objectively before spending money on it. I'm sorry if that seems preachy to you, but shouldn't there be a balance on this forum for the many (thousands? more?) people who choose to visit this site before investing? What is the motivation for the alleged "loppers" on this forum?

To Sansoucci: My interest in dinar investment has been going on for many months since I was first introduced to the idea. I find the faith vs. facts argument very interesting. Again, I am not here to discourage current holders, only to level the playing field so that possible future investors aren't tricked by the clear lies and/or delusions of posters such as Aqua Dude

Edited October 16, 2011 by ColonelKurtz

[uncirculd]

Owning Dinars is relevant to this site. Did I miss something? Maybe not a prerequisite, but it should be. Maybe folks should be dinarified before joining. I don't know. jmho

[Sanssouci]

I do not do this to be a "saint" as someone claimed, I am doing this because I know this site is heavily trafficked, and feel that potential investors should see something other than Aqua Dude claiming every RD article is for an RV. I do this because I can see the trouble blind faith has caused in many lives, and know that some people will invest more than they can afford.

You certainly exhibit a "saint" complex.

Again, I am not trying to dissuade any dinar holders. My posts are meant to encourage non-investors to research the dinar objectively before spending money on it.

Do you inhabit other investment forums as well? Something tells me that you do not.

To Sansoucci: My interest in dinar investment has been going on for many months since I was first introduced to the idea. I find the faith vs. facts argument very interesting. Again, I am not here to discourage current holders, only to level the playing field so that possible future investors aren't tricked by the clear lies and/or delusions of posters such as Aqua Dude

I believe one has to be of a certain age to acquire dinar, unless of course it is a gift from parent to child and the like. It stands to reason that no one inhabiting this forum is a child. No one has ever counseled me against losing money in a casino, and I think most of us would appreciate the same absence of counsel here. The only time I plan on seeking financial guidance is at the time I am cashing in my Iraqi dinar.

I would add that, if I didn't know better, it looks to me as though you may have a personal animus with Aqua Dude. JMMHO -

Edited October 16, 2011 by Sanssouci

[zigmeister]

If the subject at hand was how it felt or how it changed your thinking or some other facet of owning dinar, you would be correct. However the subject is the possible future of the dinar and the associated ROI and on that score actually owning dinars is irrelevant.

I respectively disagree. It is one thing to have been involved with buying dinar who questions, and another who has not invested but is waving his chicken little feathers around the board. I find the so called colonel kurtz has no value except to disrupt. I find this person is irrelevant and holds no value to these discussions. Honestly Xyzzy you have to admit his obsessive posts are strange? Weak claim, I don't own dinar, but my parents do.....let me warn you of your investment. What is his motivation. My question. Hmmm maybe he would like to buy some dinar from someone who has lost hope.

I will tell you if my parents bought dinar, and I looked into the scene I might be concerned, but why in the world would I go to a board and warn them of it? It just does not compute.

So if you do not own dinars you are irrelevant.

Not meaning you....but the so called colonel kurtz.

[Sanssouci]

Owning Dinars is relevant to this site.

Well, yeah! I think that's why Mr. Montana decided to name the forum DinarVets. Hi, xyzzy.

Edited October 16, 2011 by Sanssouci

[zigmeister]

Well, yeah! I think that's why Mr. Montana decided to name the forum DinarVets. Hi, xyzzy.

Exactly.

[Sanssouci]

Exactly.

Right. I don't think I want to be a "member" of a forum called "DongVets," anyway. Holding dong would of course be the prerequisite there.

Edited October 16, 2011 by Sanssouci

[Francie26]

If the subject at hand was how it felt or how it changed your thinking or some other facet of owning dinar, you would be correct. However the subject is the possible future of the dinar and the associated ROI and on that score actually owning dinars is irrelevant.

xyzzy, you are right. That is true as far as it goes. However, the subject was not whether his investment comments were correct or were based on correct data. That was his topic, true, but it wasn't my topic when I posted my response to him. His brash rudeness was the reason for my reply. The question is why would some absolute stranger who says he has not purchased a single dinar feel he can slam in here and lecture those of us who do own this currency? Having never met us, nor even spoken to us prior to this moment, why would he assume that we have not analyzed this investment? Or didn't know that it might have some risk attached? Why would he think we need his brusk, rude analysis and his expressed opinion that we have made a foolish mistake in buying dinar?

If you were sitting in your financial advisor's office and some strange guy from an office down the street suddenly burst through the door and began telling you that your investments were all wrong, would you not feel that he was out of order? This man claimed that he did not own dinar as though his "wise investment decision" gave him the right to advise those of us who do own it. He blithley ignored the fact that those of us whose knowledge about dinar may have been initially limited have had the good fortune to be able to gather information regarding the dinar from some of the wisest men and women whose words I have ever read. They are the well-informed dinar owners who have chosen to come here and inform the rest of us. And to me, personally, their greatest credential is that they do own dinar. So on this score, actually owning dinar most certainly is relevant.

[xyzzy]

I respectively disagree. It is one thing to have been involved with buying dinar who questions, and another who has not invested but is waving his chicken little feathers around the board. I find the so called colonel kurtz has no value except to disrupt. I find this person is irrelevant and holds no value to these discussions. Honestly Xyzzy you have to admit his obsessive posts are strange? Weak claim, I don't own dinar, but my parents do.....let me warn you of your investment. What is his motivation. My question. Hmmm maybe he would like to buy some dinar from someone who has lost hope.

I will tell you if my parents bought dinar, and I looked into the scene I might be concerned, but why in the world would I go to a board and warn them of it? It just does not compute.

So if you do not own dinars you are irrelevant.

Not meaning you....but the so called colonel kurtz.

My only point was that whether or not one owns dinar (or how much) does not impact the validity of one's argument. Motivation for participating here is a different issue, and I agree I'm hard pressed to understand that motive if you don't have any skin in the game.

And rudeness is pointless and self defeating in any case. No argument there.

Edited October 16, 2011 by xyzzy