Thread: rumor posted elsewhere

Originally Posted by Cdn Scrooge

He/she did not say 1 IQD = .12 USD. He/she said .12 IQD = 1USD.

LazyasL's calculation is correct. This would translate to 1 IQD = 8.33 USD.

Considering the rest of the article is definitely a "slow or no growth" opinion this tells me that this individual is NOT the currency expert they claim themselves to be. A currency expert would not have made such an obvious mistatement. And on that basis I am putting this rumour in the trash can as I don't believe this person is really who they claim to be and therefore in my mind the whole post is suspect. That is my personal opinion only and everyone is entitled to their own beliefs of this post.

Exactly!

Originally Posted by Pippyman

Exactly!

What parameters were used in arriving at the assumption?

Originally Posted by Cdn Scrooge

Ok folks, please go back and read the original post again carefully.

This is what the poster actually wrote:

I've been living in France for the last 12 years, I am originally from Los Angeles and have been involved with currency my whole life. My uncle was an assistant to a former (I will leave it at a guess) that shall remain nameless. I will tell you what I know in this post and only this post, the Iraqi government, will not revalue their currency to anywhere near the amounts you are being told, the amount of the revaluation of their currency will be between 133 IQD = 1 USD to .12 = 1 USD.

He/she did not say 1 IQD = .12 USD. He/she said .12 IQD = 1USD.

LazyasL's calculation is correct. This would translate to 1 IQD = 8.33 USD.

Considering the rest of the article is definitely a "slow or no growth" opinion this tells me that this individual is NOT the currency expert they claim themselves to be. A currency expert would not have made such an obvious mistatement. And on that basis I am putting this rumour in the trash can as I don't believe this person is really who they claim to be and therefore in my mind the whole post is suspect. That is my personal opinion only and everyone is entitled to their own beliefs of this post.

Your conclusion is spot on....I guess they thought the French connection would carry some weight. This deserves some "Gene Hackman action":





See Ya......

Originally Posted by wciappetta

Your conclusion is spot on....I guess they thought the French connection would carry some weight. This deserves some "Gene Hackman action":





See Ya......

Bogus rumors can't hide from Popeye Doyle!

Originally Posted by lglwzrd

no. the dude is saying less than a penny to 12 cents. i can live w/12 cents as a starting point.

My point was that “IF” he was the currency expert he claims to be, he would have known that .12 = 1 USD, translates to $8.33 USD and not 12 cents……. 8.33 IQD : 1 USD. Translates to $0.12 USD………if he had said “.12 = 1 IQD there would be a case of argument," as to it being 12 cents…point being: he should, mean what say’s and say what you means….

THIS IS THE QUOTE: (I did not read it wrong)

“I have been living in France for the last 12 years, I am originally from Los Angeles and have been involved with currency my whole life. My uncle was an assistant to a former (I will leave it at a guess) that shall remain nameless. I will tell you what I know in this post and only this post, the Iraqi government, will not revalue their currency to anywhere near the amounts you are being told, the amount of the revaluation of their currency will be between 133 IQD = 1 USD to .12 = 1 USD.”

Originally Posted by lazyasL

My point was that “IF” he was the currency expert he claims to be, he would have known that .12 = 1 USD, translates to $8.33 USD and not 12 cents……. 8.33 IQD : 1 USD. Translates to $0.12 USD………if he had said “.12 = 1 IQD there would be a case of argument," as to it being 12 cents…point being: he should, mean what say’s and say what you means….

THIS IS THE QUOTE: (I did not read it wrong)

“I have been living in France for the last 12 years, I am originally from Los Angeles and have been involved with currency my whole life. My uncle was an assistant to a former (I will leave it at a guess) that shall remain nameless. I will tell you what I know in this post and only this post, the Iraqi government, will not revalue their currency to anywhere near the amounts you are being told, the amount of the revaluation of their currency will be between 133 IQD = 1 USD to .12 = 1 USD.”

LAZY,

Maybe dude was just finishing of a six pack of cold ones or better yet a 40oz COLT 45!!! Boy I stay thirsty here in IRAQ!

It would seem that our french connection may have some validity with
an RV in May,or later,but I wonder why the Iraqi people are hanging on
to their Dinar like they are...Maybe we should review the post made by the
Iraqi fellow who has a cousin in one of the banks in Iraq.I'm not an economist,
a naysayer,or any kind of expert on currency,but how would making a
revalue at or over 1:1 be devastating to the Iraq economy???Could somebody
who is educated in the field of economics please enlighten me on this subject?

Originally Posted by Original Spiderman

LAZY,

Maybe dude was just finishing of a six pack of cold ones or better yet a 40oz COLT 45!!! Boy I stay thirsty here in IRAQ!

Hey spiderman.......just wanted to say thank you, to you and your fellow troops for doing what you are doing for our country and our freedom......THANKS MAN.....and stay safe, our prayers and thoughts are with you all.........THANKS AGAIN!!!!!!!!

Originally Posted by danny51

The rumor lost me at "France" hahahahaha

Hey danny51....I am with you on that one.

Originally Posted by lazyasL

Hey spiderman.......just wanted to say thank you, to you and your fellow troops for doing what you are doing for our country and our freedom......THANKS MAN.....and stay safe, our prayers and thoughts are with you all.........THANKS AGAIN!!!!!!!!

Lazy,
I ditto your message Spiderman!
Thanks Spiderman, and all your fellow troops! Stay safe!
2shoes

p.s. and as far as this rumor goes, don't think so, on a 1-10 scale (10 highest) it's a -10 in my book.!
Lazy had it right.

Originally Posted by lazyasL View Post
My point was that “IF” he was the currency expert he claims to be, he would have known that .12 = 1 USD, translates to $8.33 USD and not 12 cents……. 8.33 IQD : 1 USD. Translates to $0.12 USD………if he had said “.12 = 1 IQD there would be a case of argument," as to it being 12 cents…point being: he should, mean what say’s and say what you means….