Just checked in at the other place (God what a fun bunch) this seems to be the topic at the moment I welcome all thoughts and comments
The best explanation I received was that the currency will be reprinted and re-distributed in country only and the currency held by outside goverments will become an internal government purchasing note.
This from an expert economist in our branch.
Those more knowledgable then myself please comment Thank You
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Thread: ???? From Other Place.
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30-09-2006, 03:11 PM #1
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???? From Other Place.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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30-09-2006, 03:13 PM #2
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30-09-2006, 03:33 PM #3
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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30-09-2006, 03:41 PM #4
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30-09-2006, 03:45 PM #5
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I didn't know local branches have expert econimists............LOL
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30-09-2006, 03:48 PM #6
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I know I know all the naysayer constant opinions sometimes get to ya she really bugs me. Lance made a comment too how he is concerned about all these pay raises, I find him very level headed and makes good points here's his post
I am concerned about the rise in salaries, if they are increasing the salaries then there is less pressure to revalue the currency. If they raise the salaries by 2/3 and lop the zeros from the currency and bring the dinar to a parity with the dollar they will have the same income they did just before all this started.
Example .00068 current Dinar value, lose three zero's .68 now make it worth a dollar 32% increase in value.
I am starting to believe this may be what happens. Perhaps tucking our money away inside the economy will shield us. I just don't know for sure but it is getting kinda tricky with their salaries going up by 100%.
Example: police were making 20.00 dollars a month now earning 200.00 a month.
Why would he need a new value on his currency? If he gets a 32% increase from here he should be set. Just some thoughts. Lance
MODS not sure if im allowed to post posts from the other site if not im sorry its just I like this place better and value the people of this forums opinions once again sorry if out of place.
Arch where did Mr Gotti go?We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffett
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30-09-2006, 03:51 PM #7
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People stop with the reprint ................ it will never, ever,ever,ever happen,
their currency was planned out, do you really think if they had intentions of a reprint they would of made there currency the way it is now, and 3 years later a reprint........ it's just to funny.
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30-09-2006, 04:15 PM #8
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Not so fast!
This could be true, but not understood. They probably have a plan in place. Where the currency would be held in the different countries to be used. To purchase Iraqi oil. For example if someone in the USA cashes in. It would go to the Federal Reserve in the USA. Then it would accumulate there. Until they used it to buy Iraqi oil! Just one therory...........
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30-09-2006, 04:32 PM #9
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It never ends over there, the tired old zero lopping theory was attempted to be resurected on two or three different threads. Most of the thinking people have come over to this forum,those that are left over there are too paranoid or too jaded too post anymore -you would think that with 7500+ members over there you would see more than just the same 20 or 30 people doing the posting.
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30-09-2006, 04:50 PM #10
Repurchase agreements!
I'm sure the Fed and the CBI have mutual currency Repurchase Agreements in effect. The IQD collected here will eventually go to the Fed Reserve Bank in NY. It will be be stored and used for backing for more printing of USD in the future. It will never be returned to Iraq. JMHO
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