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16-03-2007, 11:48 PM #51
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Cigars
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16-03-2007, 11:56 PM #52
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17-03-2007, 12:17 AM #53
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17-03-2007, 12:22 AM #54
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[QUOTE=RollsRoyce;159336][B][SIZE="3"]**Sorry this is quite long**
I would like to add to this . . . [ & with some observations from yesterday on the ground in Kurdistan - find below ] . . . but first I would like to know how Elf is so sure large amounts of Dinar are getting back into their system . . .
The CBI is the name on the notes . . . if they are only selling dollars and receiving Dinar in exchange == *to me* that means that the supply faucet is *off* from the source . . . No one can state for 100% sure that their aren't holdings outside of the CBI = that's where the notes they keep buying @ this huge amount are coming from . . .
That's the basis of Prof. WmK's comments . . .
Sorry but I have to respond to this. The biggest employer in Iraq is the Iraqi Government! Over 2 million I read somewhere. But let us just take a snapshot of what we are talking about. There are Over 250,000.00 people in the Iraq military! The Governments biggest source of income is OIL! Right now the Oil is not paid for in Dinar but USD. The Government now has to convert the USD to Dinar to pay the salaries of their Military. Where do they do this? The CBI!
Let us say the average Iraqi Military person makes equivalent to 300 USD a month.(and I think it is higher) That is 383,100.00 dinar per month per person.
X 250,000 people that is 95,775,000,000 dinar back in the system every month just in the Military.
I think it would be fair to say almost all of the so called "Dinar taken out of circulation" goes right back in!
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17-03-2007, 12:29 AM #55
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17-03-2007, 01:07 AM #56
Wow, 95,775,000,000 (roughly 96 billion) dinar to pay their entire military every month. All I can say is wow....
And to think the CBI has only been removing 64,000,000,000 (64 billion (thats 50 million US Dollars X 1280-not even the old rate)) to 128,000,000,000 (128 billion) worth of Dinars every day since November. Hmm. Guess it will take them about 12 to 20 days to raise the money to pay the military for the whole year. Wonder what they are doing with the other 130 or so days worth of dinar that they have been removing since November.... Oh thats right they needed at least 10 to 20 of those days to pay for the rest of the highly paid government workers, but hey why digress it wouldn't support your theory....
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17-03-2007, 01:10 AM #57
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It seems that the state insists, or preserve the value of the Iraqi dinar 148 against the dollar ...Monetary value of the Iraqi dinar must revert to the previous level, or at least to acceptable levels as it is in the Iraqi neighboring states [ MOF Sept 2006]
High RV is like Coke; it’s the real thing baby!
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17-03-2007, 01:27 AM #58
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17-03-2007, 02:11 AM #59
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17-03-2007, 04:22 AM #60
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[QUOTE=TerryTate;176412]Wow, 95,775,000,000 (roughly 96 billion) dinar to pay their entire military every month. All I can say is wow....
And to think the CBI has only been removing 64,000,000,000 (64 billion (thats 50 million US Dollars X 1280-not even the old rate)) to 128,000,000,000 (128 billion) worth of Dinars every day since November. Hmm. Guess it will take them about 12 to 20 days to raise the money to pay the military for the whole year. Wonder what they are doing with the other 130 or so days worth of dinar that they have been removing since November.... Oh thats right they needed at least 10 to 20 of those days to pay for the rest of the highly paid government workers, but hey why digress it wouldn't support your theory....
[/QUOTE
Ok since you want to be that way! let us just say 2 million Iraqi Government employees making 300 USD a month. That will equal 766 billion a month of Iraqi Dinar back in the system every Month! That is not chump change my man. There is only 14 Trillion out there.
What will you say when the CBI has pulled over the 14 trillion Mark. I guess they will be making more money then? lol!!!
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