Thread: RollsRoyce Post. neno moved it here.

Thanks Rollsroyce.....Keep us updated!!!
Sarah!

[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!!!

Originally Posted by TerryTate

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....

So what you are saying is since November (and you said every day which is not true their are only five auctions a week) 128 billion had been taken out of circulation! That is 18 weeks at 5 days is 90 days 90 X 128 Billion is 11.5 Trillion. That is what you are saying been taken out of the system!! Since November! So a whole year of this will be 52 weeks at 5 days = 260

260 X 128 billion = 33 Trillion dinar!! WOW! Need to print more Dinar!!!!!

Originally Posted by Caddieman

So what you are saying is since November (and you said every day which is not true their are only five auctions a week) 128 billion had been taken out of circulation! That is 18 weeks at 5 days is 90 days 90 X 128 Billion is 11.5 Trillion. That is what you are saying been taken out of the system!! Since November! So a whole year of this will be 52 weeks at 5 days = 260

260 X 128 billion = 33 Trillion dinar!! WOW! Need to print more Dinar!!!!!

Ok everyone. Just simmer down now. Look at the facts: http://www.cbiraq.org/key%20financial.xls In section 5 you can see that M2 went from 21 Trillion in December to 13 Trillion on January 18th. Also, I believe the only relevant number for a reval is the deposit component of M2 because this represents the current potential instant demand. The deposit component went from 10 Trillion in December to 2.8 Trillion on January 18th! Nearly 8 Trillion Dinar has been removed from the money supply as of JANUARY! Reval here we come!

Originally Posted by OneShotOneKill

Thank you for the response. But I was looking at the last edit date.

Guess I will drop it as the Hype is to much to deal with.


OSOK

The post you were referring to with the Jan 17th edit date was the original post from RR that started this thread at that time. There were a few more posts till Jan 18th and then it became dormant (post #28 was the last one). RR resurrected this thread on Fri Mar 16th with post #29 to give us an update.

Hope this clears this up for you. Or maybe I'm misunderstanding your question.

Originally Posted by Caddieman

So what you are saying is since November (and you said every day which is not true their are only five auctions a week) 128 billion had been taken out of circulation! That is 18 weeks at 5 days is 90 days 90 X 128 Billion is 11.5 Trillion. That is what you are saying been taken out of the system!! Since November! So a whole year of this will be 52 weeks at 5 days = 260

260 X 128 billion = 33 Trillion dinar!! WOW! Need to print more Dinar!!!!!

Its called an exaggeration (if you can exaggerate so can I), but you still don't see the point eh? The general idea remains the same. Your numbers above aren't that far off from the numbers compiled by Socata eh (you say 11.5 Trillion over 18 weeks, and where is Socata's total numbers at--->around 7 trillion, not much difference considering its loose math). So, it doesn't really matter if I said everyday, I could have just used your figure to compare it to the government payroll figures for the year and my point is still made. My point in case you lost it is that the CBI is taking in more Dinar than it is doling out.

Now with regard to your comment about running out of dinar.... We haven't reached a point where the CBI has had to change their behavior, right? So, neither you nor I know whether they will have to stop doing what they currently are doing due to limitations on the amount of currency in circulation. We don't have any evidence that they have pulled out more dinar than there is in circulation, and since that would support your theory that would seem to be the evidence that you need to support your idea of recirculation.

As you are projecting that the CBI would exceed the amount of printed Dinar if they continued with their current behavior then I would concede that it is an valid theory that could become a proven hypothesis if and when the CBI ever pulls out 1 dinar more than the amount that has been printed, but as of yet they have not bought back more Dinar than has been rumored to be printed. So, your theory is still just that----->A THEORY. As a theory is just an educated guess, I'll just say that your guess is as good as mine, but not necessarily better.

Originally Posted by jpadrino

Ok everyone. Just simmer down now. Look at the facts: http://www.cbiraq.org/key%20financial.xls In section 5 you can see that M2 went from 21 Trillion in December to 13 Trillion on January 18th. Also, I believe the only relevant number for a reval is the deposit component of M2 because this represents the current potential instant demand. The deposit component went from 10 Trillion in December to 2.8 Trillion on January 18th! Nearly 8 Trillion Dinar has been removed from the money supply as of JANUARY! Reval here we come!

And . . . yes . . . where the *HAY* is the thank you button? . . .

I just re-read all the great & [ POLITE ] debate I accidently re-started re: the amt. of Dinar in circulation . . . & I wholehartedly agree with Jpadrino's figures & theories, as he so distinctly describes above . . .

And WOOTS back @ you *YOUR-ROYAL-WOOTNESS* . . . I'm sure looking forward to you hoisting up my 6'6" x 300 pound frame & kissin me on my face . . . LOL . . .

Best to all . . . RR . . .

Originally Posted by jpadrino

Ok everyone. Just simmer down now. Look at the facts: http://www.cbiraq.org/key%20financial.xls In section 5 you can see that M2 went from 21 Trillion in December to 13 Trillion on January 18th. Also, I believe the only relevant number for a reval is the deposit component of M2 because this represents the current potential instant demand. The deposit component went from 10 Trillion in December to 2.8 Trillion on January 18th! Nearly 8 Trillion Dinar has been removed from the money supply as of JANUARY! Reval here we come!

WOW! Does this mean there is only 13 Trillion circulating as of March 2007??? RV BABY RV!!!

Originally Posted by RollsRoyce

And . . . yes . . . where the *HAY* is the thank you button? . . .

I just re-read all the great & [ POLITE ] debate I accidently re-started re: the amt. of Dinar in circulation . . . & I wholehartedly agree with Jpadrino's figures & theories, as he so distinctly describes above . . .

And WOOTS back @ you *YOUR-ROYAL-WOOTNESS* . . . I'm sure looking forward to you hoisting up my 6'6" x 300 pound frame & kissin me on my face . . . LOL . . .

Best to all . . . RR . . .

i said grab you up, didnt mean my 5' frame was liftin diddly, you better be expectin to have your head jerked down to my level, lol.

SGS... I get a kick outta think of you "hoisting" RR... Maybe just give him a good wedgey!!!

(yeah, I know... I hardly ever post... but I enjoy reading... )


Remarc..