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Thread: Stop Dreaming.

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    Banned lndmn_01's Avatar
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    Quote Originally Posted by rentonrolr View Post
    Thats simply not true... The CBI says the Iraqis have 10 trillion dinar in circulation. Thats primarily among the 25 million people who live there.

    ~400,000 IQD per person or about $272 USD.

    http://www.cbiraq.org/Monetary%20Aggregates.xls
    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?
    Last edited by lndmn_01; 29-09-2006 at 06:40 AM.

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    Quote Originally Posted by rentonrolr View Post
    Thats simply not true... The CBI says the Iraqis have 10 trillion dinar in circulation. Thats primarily among the 25 million people who live there.

    ~400,000 IQD per person or about $272 USD.

    http://www.cbiraq.org/Monetary%20Aggregates.xls

    Still don't know where you get the 10 trillion number from. I looked again at that spreadsheet in the link you provided and it still says "Billion ID" at the top, not trillion. Please clarify.

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    Quote Originally Posted by lndmn_01 View Post
    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 moey it just appears back in their pocket?
    No silly, if you go to the spreadsheet, this number has been built up over the last 2.5 - 3 years. They are saving a little out of each paycheck. Just like everyone saves.

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    Banned lndmn_01's Avatar
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    Quote Originally Posted by rentonrolr View Post
    In war torn regions when people don't know when their next meal is, they don't live paycheck to paycheck. They are smart enough to save money, because if they don't, they will likely starve in lean times.
    How can you save when you have nothing to save? If I made $400 a month it would all be gone with in the first 2 weeks just to pay for the necessities.

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    Quote Originally Posted by Cdn Scrooge View Post
    Still don't know where you get the 10 trillion number from. I looked again at that spreadsheet in the link you provided and it still says "Billion ID" at the top, not trillion. Please clarify.
    OK, so the number is in "Billion", but there is 17 thousand (17,165) billion M2.

    17 billion is 17 billion

    17,165 billion is 17 trillion..


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    Quote Originally Posted by lndmn_01 View Post
    How can you save when you have nothing to save? If I made $400 a month it would all be gone with in the first 2 weeks just to pay for the necessities.
    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.

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    Quote Originally Posted by rentonrolr View Post
    OK, so the number is in "Billion", but there is 17 thousand (17,165) billion M2.

    17 billion is 17 billion

    17,165 billion is 17 trillion..


    Ok , I see your point now. Thank you for clarifying.

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    Quote Originally Posted by rentonrolr View Post
    Thats simply not true... The CBI says the Iraqis have 10 trillion dinar in circulation. Thats primarily among the 25 million people who live there.

    ~400,000 IQD per person or about $272 USD.

    http://www.cbiraq.org/Monetary%20Aggregates.xls

    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...

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    Quote Originally Posted by PopaDinar View Post
    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...
    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.

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    Senior Investor ronbo's Avatar
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    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.

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