Hi yall just got back on to see what was happening
I talked to a 1st Sgt with the MITT team in Mosul (MITT team deals with the Iraqi soldiers first hand)and he says that he heard that the bad LOP word will come back into play and now that the rate is at 1200 this morning it may all start to come together. If the LOP does occur let's hope it will be only 1 "0" and not three. He seams to believe that the dinar will reprint, I sure hope not anyway your thoughts................
Please visit our sponsors
Results 11 to 20 of 30
-
24-04-2008, 08:31 AM #11
- Join Date
- Sep 2007
- Posts
- 22
- Feedback Score
- 0
- Thanks
- 0
- Thanked 25 Times in 15 Posts
-
The Following 5 Users Say Thank You to bikertrash For This Useful Post:
-
24-04-2008, 09:52 PM #12
- Join Date
- Jul 2006
- Posts
- 206
- Feedback Score
- 0
- Thanks
- 285
- Thanked 240 Times in 135 Posts
-
The Following 2 Users Say Thank You to maceman For This Useful Post:
-
25-04-2008, 12:16 AM #13
- Join Date
- Jun 2005
- Location
- Wellington, NZ
- Posts
- 56
- Feedback Score
- 0
- Thanks
- 5
- Thanked 50 Times in 11 Posts
Maybe I'm losing my reasoning ability, but it seems to me that there is a big hole in the LOP theory.
If I am an Iraq (I'm not!) with 1 Million Dinar in the bank, or under my mattress, and suddenly it is Lopped by deducting (say) 1 zero from the face value, then either the bank has to give me 10 times the value back in additional notes, and I now have 10 Million Dinar, or the currency has actually devalued by 1000%.
If on the other hand the currency is reprinted, then I (as an Iraqi) can take my 1 Million Dinar in to the bank and swap it for 100,000 of the 'new' currency.
If THAT happens, then the Million Iraq Dinar I have sitting back in New Zealand is also exchangeable for the 'new' currency, and I am not disadvantaged, even though I don't gain anything value-wise, and may have some challenges actually making the exchange.
Or am I wrong in my thinking?
Regards
GrahamBGraham Bockett
[email protected]
Ariel Consultancy Services
PO Box 13-859
Johnsonville, Wellington
New Zealand
-
The Following User Says Thank You to GrahamB For This Useful Post:
-
25-04-2008, 12:59 AM #14
- Join Date
- Apr 2007
- Location
- Virginia
- Posts
- 219
- Feedback Score
- 0
- Thanks
- 309
- Thanked 539 Times in 170 Posts
GrahamB, your logic seems together for me. I don't see a reprint in the future (JMO) but one "0" lop won't end the world as we know it or make the average Iraqi man on the street happy . I think we are about to find out how this Novel ends in the next month or so. Hope for a small, smooth Rv and I will drop by and buy the first round. Best, warrior
-
-
30-05-2008, 02:26 PM #15
- Join Date
- Oct 2006
- Posts
- 106
- Feedback Score
- 0
- Thanks
- 12
- Thanked 68 Times in 16 Posts
i dont know whats going on with the other sites....****** forum , for example , is not opperable....
I dont know why ?...any ideas?....I cruise around a lot, and they had some good stuff, just like this site....
.
-
30-05-2008, 11:58 PM #16
- Join Date
- Oct 2006
- Location
- Jackonville, Florida
- Posts
- 34
- Feedback Score
- 0
- Thanks
- 12
- Thanked 25 Times in 9 Posts
I find it odd that all the prominent dinar forums are having problems. Could it be that it's a blackout before the hammer drops? I have no link or proof, just wearing my conspiracy theory hat. Or just a a virus is being passed around. Who knows!!
-
-
31-05-2008, 12:05 AM #17
- Join Date
- Jul 2007
- Posts
- 78
- Feedback Score
- 0
- Thanks
- 14
- Thanked 100 Times in 46 Posts
What should be watched now is any change in policy of banks selling dinar.
-
-
31-05-2008, 03:12 AM #18
- Join Date
- Oct 2006
- Posts
- 16,540
- Feedback Score
- 0
- Thanks
- 2,036
- Thanked 16,455 Times in 10,096 Posts
I assume you mean Banks outside of Iraq - Yes?
-
The Following User Says Thank You to Seaview For This Useful Post:
-
31-05-2008, 03:35 AM #19
- Join Date
- Jul 2007
- Posts
- 78
- Feedback Score
- 0
- Thanks
- 14
- Thanked 100 Times in 46 Posts
-
The Following User Says Thank You to CROW For This Useful Post:
-
31-05-2008, 04:18 AM #20
- Join Date
- Jul 2007
- Posts
- 78
- Feedback Score
- 0
- Thanks
- 14
- Thanked 100 Times in 46 Posts
Important. If all sites go down, stay cool, remember everything you learned in this, think before you do anything, but most important stay cool, like ice, don't make fast rash decisions.CROW
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.