Thread: New name for "Slow Grow"???

Originally Posted by sexydinarlady

We can keep the millionaire one but not let's even get in to what you are dreaming about that's so great (unless it's the RV).

Hi Munnybags!
I have been led to believe that during the past few months the CBI has been "removing" large amounts of dinar from circulation via the daily auctions. Socata has posted that the present tally is over 14 trillion, leaving less than 3 trillion still in circulation. While I wish to be on record as being respectfull of all posters and addimittedly quite ignorant on the more sophisticated areas of this investment, I am not convinced that there is less than 3 trillion dinar left in circulation. If true, the slow growth process will eventually show there is no dinar left in circulation. Hence my question for you (or anyone else that follows the slow growth opinion) is: if it is not removed from circulation to be put in reserve, what does happens to the dinar that the CBI "trades" for dollars during their daily auctions? I imagine you don't feel that they are being removed from circulation so I am interested in your take on this issue.
Respectfully submitted,
AL
Blessings On YOU!

Originally Posted by orrkallen

Hi Munnybags!
I have been led to believe that during the past few months the CBI has been "removing" large amounts of dinar from circulation via the daily auctions. Socata has posted that the present tally is over 14 trillion, leaving less than 3 trillion still in circulation. While I wish to be on record as being respectfull of all posters and addimittedly quite ignorant on the more sophisticated areas of this investment, I am not convinced that there is less than 3 trillion dinar left in circulation. If true, the slow growth process will eventually show there is no dinar left in circulation. Hence my question for you (or anyone else that follows the slow growth opinion) is: if it is not removed from circulation to be put in reserve, what does happens to the dinar that the CBI "trades" for dollars during their daily auctions? I imagine you don't feel that they are being removed from circulation so I am interested in your take on this issue.
Respectfully submitted,
AL
Blessings On YOU!

The biggest employer in Iraq is the Iraqi government! Where do they get their money? Yep the CBI. The Iraqi government has over 260,000 troops in the field no to mention all the Police oil workers etc, etc. Just take the troops alone. If the adv pay was 200 USD a month that is 249,000 dinar per person per month. The whole Iraqi army makes 65 billion Iraqi dinar a month. Or 780 billion a year just for the army. My point is just as much goes right back in circulation. People who think that every bit of the money is taken out of circulation are just dead wrong. Is there some taken out? Probably but no where near 14 trillion. How much I don't know!

Originally Posted by orrkallen

Hi Munnybags!
I have been led to believe that during the past few months the CBI has been "removing" large amounts of dinar from circulation via the daily auctions. Socata has posted that the present tally is over 14 trillion, leaving less than 3 trillion still in circulation. While I wish to be on record as being respectfull of all posters and addimittedly quite ignorant on the more sophisticated areas of this investment, I am not convinced that there is less than 3 trillion dinar left in circulation. If true, the slow growth process will eventually show there is no dinar left in circulation. Hence my question for you (or anyone else that follows the slow growth opinion) is: if it is not removed from circulation to be put in reserve, what does happens to the dinar that the CBI "trades" for dollars during their daily auctions? I imagine you don't feel that they are being removed from circulation so I am interested in your take on this issue.
Respectfully submitted,
AL
Blessings On YOU!

I disagree with this one too. Ive heard from other sources that there is as much as 24 trillion in M2 still out there, so at that level its gonna be awhile before M2 allows an overnight RV with confidence without foreign backing. Yes debt reduction and FIL's will help, as well as using reserves and gold for backing, but I feel if there is only 3 trillion in circulation then an RV would have occured months if not years ago. Slow grow (steady appreciation) of the dinar appears to be the only way to build value, the only available means for the CBI for now.

Originally Posted by Bungalobill

I disagree with this one too. Ive heard from other sources that there is as much as 24 trillion in M2 still out there, so at that level its gonna be awhile before M2 allows an overnight RV with confidence without foreign backing. Yes debt reduction and FIL's will help, as well as using reserves and gold for backing, but I feel if there is only 3 trillion in circulation then an RV would have occured months if not years ago. Slow grow (steady appreciation) of the dinar appears to be the only way to build value, the only available means for the CBI for now.

Right on the head Bungalobill. Well will continue to see a pip here a pip there. Five pips here five pips there. There was an article somewhere that said they wanted to get to 1000 to 1 by 2008. People wright it off as a "smoke screen"

Originally Posted by Caddieman

Right on the head Bungalobill. Well will continue to see a pip here a pip there. Five pips here five pips there. There was an article somewhere that said they wanted to get to 1000 to 1 by 2008. People wright it off as a "smoke screen"

Im praying for 1000 to 1 by EOY. At 1000 to 1 I will have roughly broken even on all the dinars I paid way too much for on ebay and other dinar brokers (the first few transactions, before I got smart and researched), as well as made up for gains on US stocks I otherwise could and should have made in the last 2 years. But hindsight is....

Originally Posted by orrkallen

Hi Munnybags!
I have been led to believe that during the past few months the CBI has been "removing" large amounts of dinar from circulation via the daily auctions. Socata has posted that the present tally is over 14 trillion, leaving less than 3 trillion still in circulation. While I wish to be on record as being respectfull of all posters and addimittedly quite ignorant on the more sophisticated areas of this investment, I am not convinced that there is less than 3 trillion dinar left in circulation. If true, the slow growth process will eventually show there is no dinar left in circulation. Hence my question for you (or anyone else that follows the slow growth opinion) is: if it is not removed from circulation to be put in reserve, what does happens to the dinar that the CBI "trades" for dollars during their daily auctions? I imagine you don't feel that they are being removed from circulation so I am interested in your take on this issue.
Respectfully submitted,
AL
Blessings On YOU!

Thanks for the question, AL, Blessings be upon you as well. The yaysayer 1:1 theorists have misread what is happening in the auctions. True they buy up IQD, but at the same time they are distributing the currency for use to all the Iraqi banks. The CBI page only tells half of the story. What looks like an extremely small profit (ex: on pip rise in value from say 1246 to 1245) to us outside investors is a much huger value increase for Iraq. We have a handful of millions of IQD, they have Trillions!!! This is only one reason Gradual Grow is the best route for the CBI to use.

They track the money in circulation on their website, I download it every few weeks: http://www.cbiraq.org/key%20financial.xls As of June 21rst, 2007 they had nearly 12 Trillion (line 60 a - Curreny outside banks) cash circulation. Think about it this way: Iraq is a Nation of nearly 26 million people. They are a cash based society, probably 90% of the population. Saddam screwed them multiple times when they used his banks, thus they would rather keep their cash under their mattress. It'll take time to change that culture. Thus they MUST have large amounts of cash circulating to run everyday commerce. Plus they MUST have large amounts of cash to accomplish one of the CBI goals of de-dollarization. De-dollarizations is CRITICAL in allowing future IQD value increases. Best of luck to all in this endeavor.

Originally Posted by Seaview

I like 'Controlled Growth' and I sticking to it.

Controlled Growth is a great suggestion, as are the others such as "Smooth Grow" etc. I thank everyone for their input, but I have decided "Gradual Grow" is the best term to use. I wish I had used it from the beginning, not realizing the negative connotation that "Slow Grow" would have. "Gradual Grow" pretty much covers all the bases, plus "Gradual appreciation" is the term that Shabibi used in the last CBI/IMF Letter of Intent. "Slow Grow" is pretty deeply ingrained in our Dinar Universe, but I am confident all of us "Gradual Growers" can make the change in the culture. I'm sure it'll happen at a "Gradual" pace!!!

Originally Posted by Caddieman
Right on the head Bungalobill. Well will continue to see a pip here a pip there. Five pips here five pips there. There was an article somewhere that said they wanted to get to 1000 to 1 by 2008. People wright it off as a "smoke screen"

Originally Posted by Bungalobill

Im praying for 1000 to 1 by EOY. At 1000 to 1 I will have roughly broken even on all the dinars I paid way too much for on ebay and other dinar brokers (the first few transactions, before I got smart and researched), as well as made up for gains on US stocks I otherwise could and should have made in the last 2 years. But hindsight is....

Welcome to the "Gradual Grow" club, Caddie and Bungalo, it is "gradually" gaining momentum in the Dinar World!!! 1000 is an achievable goal. We are at 1245 as of tonight (might get a "pip" out of old Shabs this morning to reach 1244) That's only 245 pips away from 1000. Remember that at the last two months of 2006 the CBI moved IQD value up by 145 Dinar. We still have 5 full months left in 2007!!! Like Larry the Cable guy would say: "Git errrr dunnn!!!!!!!!!!!!

Originally Posted by MunnyBaggs

Thanks for the question, AL, Blessings be upon you as well. The yaysayer 1:1 theorists have misread what is happening in the auctions. True they buy up IQD, but at the same time they are distributing the currency for use to all the Iraqi banks. The CBI page only tells half of the story. What looks like an extremely small profit (ex: on pip rise in value from say 1246 to 1245) to us outside investors is a much huger value increase for Iraq. We have a handful of millions of IQD, they have Trillions!!! This is only one reason Gradual Grow is the best route for the CBI to use.

They track the money in circulation on their website, I download it every few weeks: http://www.cbiraq.org/key%20financial.xls As of June 21rst, 2007 they had nearly 12 Trillion (line 60 a - Curreny outside banks) cash circulation. Think about it this way: Iraq is a Nation of nearly 26 million people. They are a cash based society, probably 90% of the population. Saddam screwed them multiple times when they used his banks, thus they would rather keep their cash under their mattress. It'll take time to change that culture. Thus they MUST have large amounts of cash circulating to run everyday commerce. Plus they MUST have large amounts of cash to accomplish one of the CBI goals of de-dollarization. De-dollarizations is CRITICAL in allowing future IQD value increases. Best of luck to all in this endeavor.

MB,

Where did you get this worksheet?!?!?


hunter