That's right and I'm sure they're holding on to that 400,000 dinar and not eating or paying bills. Do you think as soon as they spend that money it just appears back in their pocket?
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It would if you were some dumb white college kid in suburban USA who can't help but put another pizza on his credit card.
But as a person facing death and uncertainty, you make sure your family has a little backup reserves, even if it means eating rice for a month straight.
OK... Maybe I was over paying them a little bit, but my point still stands...
How can they save any of that and please don't say eat rice for a month. There are so many other things they have to spend on to live, remember we are talking about the average citizen, not the dirt poor...
10 trillion? that's all? Dang... I almost have half of the dinar that is in circulation already and I have only been buying it up for a little over a year now, I guess with your Bright News I should slow down now...:eek:
Look, they save by employing the principles of saving like "pay yourself first" regardless of what their income is. This is what people do. The great depression hit America and people still instinctively saved money. Thats where phrases like "under the mattress" come from because of people in hard times hoarding money in odd places. Granted, the behavior is not optimal but thats what people do when they go to a high-threat level.
So ten trillion in circulation according to the CBI... thats 10,000,000,000,000. The other 7 trillion on deposit.
Seems like we always get these IIF transfers in here late at night. Guess they run out of people to argue with over there. I say let's all pitch in and buy them a fencepost. That way they could say whatever is eating at them and they would be right because the post would have nothing to say in return.