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Thread: Stop Dreaming.

  1. #21
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    Quote Originally Posted by ronbo View Post
    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.
    What is this IIF everyone keeps talking about...?


  2. #22
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    Quote Originally Posted by rentonrolr View Post
    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.

    taken from:
    [/QUOTE]Consequences of Hiking Interest Rates in Iraq
    Ali Mahmoud Al-Fekaiki Al-Hayat - 29/08/06//



    The UN World Food Program (WFP) conducted a respective study in cooperation with the Ministry of Planning and the Central Statistical Organization in Baghdad. 'More than half the Iraqi people, or 15.7 million, are living on one dollar a day', the study showed. Within this segment, over four million are living on less than half a dollar a day. They live in extreme poverty despite the food supplies they receive using their ration card. Also included in this segment are 5.2 million who cannot buy eggs or milk, let alone meat. Some of them cannot even afford to eat this stuff once a week. About 60% of primary schoolchildren and four fifths of pregnant women in south Iraq suffer from anemia. So, what sort of cash flow does the bank statement mean and in whose hands does it lie? How could these poor save money? They cannot give what they themselves lack.[/QUOTE]

    Really doesn't seem like a lot of room to save

  3. #23
    Senior Investor ronbo's Avatar
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    Quote Originally Posted by rentonrolr View Post
    What is this IIF everyone keeps talking about...?

    It is a forum for people that joined this forum this month and already have 40 posts but they are all negative!

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    Quote Originally Posted by ronbo View Post
    It is a forum for people that joined this forum this month and already have 40 posts but they are all negative!

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    Senior Investor ronbo's Avatar
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    Thumbs down

    Quote Originally Posted by rentonrolr View Post
    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.
    A dumb white college kid in suburban USA? Interesting statement. I am a disabled veteran with 17 years of active duty behind me. Yes I have been to Iraq, and $400 dollars won't even cover my vehicle and house insurance. So you can get off your soapbox now. Nobody here you are going to impress.

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    Quote Originally Posted by ronbo View Post
    A dumb white college kid in suburban USA? Interesting statement. I am a disabled veteran with 17 years of active duty behind me. Yes I have been to Iraq, and $400 dollars won't even cover my vehicle and house insurance. So you can get off your soapbox now. Nobody here you are going to impress.
    CBI says 10 trillion in circulation. I'm still going with their numbers...

  7. #27
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    "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."

    So I take it you have experience being in this position?

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    Senior Investor ronbo's Avatar
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    Quote Originally Posted by rentonrolr View Post
    CBI says 10 trillion in circulation. I'm still going with their numbers...
    Good for you. You know what they say, you can lead a horse to water-but if you can teach him to backstroke then you've got something!

  9. #29
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    Quote Originally Posted by ronbo View Post
    "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."

    So I take it you have experience being in this position?
    I default to this operating position... even though I don't need to, its great training and it makes my savings grow faster than normal.

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    Quote Originally Posted by ronbo View Post
    Good for you. You know what they say, you can lead a horse to water-but if you can teach him to backstroke then you've got something!
    Thats funny...

    Hey, you are friends with Susie, right? Someone PMed me and said that she had done a prediction of a reval earlier in September but it never happened... what was up with that?

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