RollsRoyce update thread

[H2O_Lover]

yes why do folks do that - but it is good for business when they do - rc is a business so those kind of posts give folks a reason to continue to come back and see what is said. Good for buiness

yes but its a nice bunch of folks running a business and that counts for something in my world.

[mountaingirl]

hopefully shotgun susiee will come back on and tell all her....fellow investors whats going on.. instead of party details..lol kind of leaves all you guys hanging do?sent it?

Is that why you keep coming back?

[MrsCK]

hopefully shotgun susiee will come back on and tell all her....fellow investors whats going on.. instead of party details..lol kind of leaves all you guys hanging dosent it??

Will she be back?? with news?? good SOLID news?? OHHH that is the question!!

Until then - look in the iraq newspapers - it's more solid news!!

[GSXR99]

i wanted to update everyone to the fact that we are here in sunny florida partyin at mrfnhappys house. i am flyin out on thursday morning but can come back after the weekend to continue the celebration!!!!!
yaaa hooooooooo!!!!!!!!!

SGS, you must be partying too hard. I though that mrfnhappy lived in Spring Hill. Your sig says "(FLORIDIANS!! party has moved to mrfnhappys house south of tampa so get ahold of us and cmon over!!!!)"

If you are in Spring Hill, you are North of Tampa not south. Have FUN!!!

[dinartank]

I don't know why the $3.45 seems so outlandish. Look at the rates of saudi and kuwait, and they don't have nearly the potential that iraq does.
I don't remember which one of them it was, but one of the little rascals said "Hey, it could happen!"

Its outlandish because unless the CBI is lying about the reserves and currency in circulation...theres no way they can support an RV that high the country would be bankrupt in a day due to everyone cashing in for dollars. As right now the reserves sit at 21 billion dollars + gold...which could be a hundred million to a few billion no body knows the true answer to that... But with trillions of dinar in circulation and only 21 billon in reserves they can not support a rv at $3.21 unless they are giving us false info on numbers. You can argue that they dont need a 100% backing but maybe use fractional banking practices of only backing 10% even then it still dosent support a RV this high.

[ronbo]

yes but its a nice bunch of folks running a business and that counts for something in my world.

Thank you!! I was tryin to think of how to word it, and you did it for me.

[ronbo]

Its outlandish because unless the CBI is lying about the reserves and currency in circulation...theres no way they can support an RV that high the country would be bankrupt in a day due to everyone cashing in for dollars. As right now the reserves sit at 21 billion dollars + gold...which could be a hundred million to a few billion no body knows the true answer to that... But with trillions of dinar in circulation and only 21 billon in reserves they can not support a rv at $3.21 unless they are giving us false info on numbers. You can argue that they dont need a 100% backing but maybe use fractional banking practices of only backing 10% even then it still dosent support a RV this high.

1st you say they can't do it because they are lying about the reserves, Then you say they could do it if they are giving us false info?

[zipper]

Its outlandish because unless the CBI is lying about the reserves and currency in circulation...theres no way they can support an RV that high the country would be bankrupt in a day due to everyone cashing in for dollars. As right now the reserves sit at 21 billion dollars + gold...which could be a hundred million to a few billion no body knows the true answer to that... But with trillions of dinar in circulation and only 21 billon in reserves they can not support a rv at $3.21 unless they are giving us false info on numbers. You can argue that they dont need a 100% backing but maybe use fractional banking practices of only backing 10% even then it still dosent support a RV this high.

You know, I was thinking about that whole 'everyone cashing in' thing (at any significant rv amount); let me throw this thought out there. Small investors who really need the money will likely cash in right away. Large investors very well might sit on it. The dollar has depreciated 10% over the past year, so it and anything pegged to it is losing value. China could rv the yuan (which is also pegged to the dollar,) but it's predicted to have a substantial market correction soon, not to mention the environmental consequences of its ballistic industrial growth is catching up with it. Other currencies like the euro and yen are doing better than the dollar, but they are also present and future customers of ME oil. Try stepping back and looking at it really loooong term. What part of the world is likely to have the strongest currency with something substantial that everyone else in the world needs to back it up? Let's not forget the tax liability of doing so in there as well. If you were independently wealthy and didn't need any of the proceeds of an imminent reval, would you really cash it in for another currency?

[MrsCK]

Its outlandish because unless the CBI is lying about the reserves and currency in circulation...theres no way they can support an RV that high the country would be bankrupt in a day due to everyone cashing in for dollars. As right now the reserves sit at 21 billion dollars + gold...which could be a hundred million to a few billion no body knows the true answer to that... But with trillions of dinar in circulation and only 21 billon in reserves they can not support a rv at $3.21 unless they are giving us false info on numbers. You can argue that they dont need a 100% backing but maybe use fractional banking practices of only backing 10% even then it still dosent support a RV this high.

iraq very secret!!! they can handle $3.21 easy!!! even higher if they want. Rember the World bank and the U.S.A. is backing them on this - our tax dollars will help iraq out if they fall short!!!

[lonelyintexas]

I think we don't know the full extent of the official amount they have to back their currency. We are kept guessing until they are ready to reveal what their plan is. I only hope it is with this current rumor and we are at the end of the ride.
Come on Dinar.
WOO HOO
LIT