DinarVanDyke: What were they thinking? Of course this was going to happen…but the solution is obvious:
1) 1) Appointments for all. check
2) 2) Full 30-day exchange period at the same rate.
3) 3) Stop trying to scare the real dinarians.
4) 4) Duh!
Let me explain. Unlike some of the posters who have come out of the woodwork lately and jumped into the limelight, I am not a plant from a three-letter agency or the PTB like some obviously are.
If you have ever listened to Tony you would have to agree that he is also not a plant but a real person trying to help. He is the obvious and wonderful choice to disseminate information for the many reasons all know and acknowledge.
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I am a nobody and want to remain that way. Like many of you I have been in this for years building up my holdings because of the logic and inevitability of the RV. I don’t post. I read, I think, I dream and I learn. I also don’t do Facebook so…
Of course we are going to have bad actors rushing the banks. Who are they? Those people who pile on buses or park in the bank parking lot were probably given a few 25K notes or even bought a few just in case this wasn’t a scam.
They have nothing to lose and are going to get theirs first. There are probably a few who started out as dinarians and have moved to the dark side because of broken promises and desperation.
Remember, desperate people do desperate things. It does not really matter, they are here and will act in a bold, stupid, and selfish manner no matter what the cooler heads say. (Lets call them the BSSers.)
The real question is what do we do about it?
First of all lets look at the banks and what their motivation is. Simple…business and profits. They have proven that over and over again to us for generations. But if you scratch the
surface you will see two conflicting motivations right now that are also bordering on desperation. First they want the huge amount of money from the exchanges sitting on their ledger.
Second, and just as importantly, they must prevent any chaos because that equals a probable run on the bank. It is all about perception. If the bank is perceived to be secure then it works. The minute it is perceived to be anything but, then panic takes hold.
Think about it. If 99% of the population knows nothing about this dinar thing and they all of a sudden they see a bunch of desperate people showing up in buses, staked out in the bank’s parking lot, lining up at the bank and making demands…what do you think they are going to do?
What would you do? It does not really matter that this group of crazies are demanding to put money into the bank, the panic and the questions would have already started and there would be no way of putting the lid back on.
So like I said, there is an obvious three-part solution…and no you can't pick and choose. It is all or nothing:
1) 1) Appointments for all. It would be nice to exchange one note but that is an obvious non-starter. At the $38+ exchange rate that makes every 25K note worth over $950,000. I am an attorney not a CPA but even I can see that that is more than $10,000, the maximum amount that anyone will be able to walk out of the bank with in cash.
So, they will need to open an account and that will take time and that will cause a huge bottleneck. Wow, when you think about it is starting to look like what we will do in our appointments, doesn’t it? Add to that the strategy of going to multiple banks to exchange a 25k note and you again have created an untenable situation.
The only real solution is to have private appointments for all with no bank counter exchanges.
2) 2) Full 30-day exchange period at the same rate. Remember when we all thought we would have several months to a year to decide when to exchange our Dinar or Dong?
Then we were told that we would only have 30 days to exchange. Yikes! Well we eventually calmed down and saw that we could live with that.
The rates were much lower then if you will recall. Now the rate is supposed to be ridiculously high. So with this new rate THEY (whoever that really is) knowingly or unknowingly injected a combination of optimism and panic into the community in one fell swoop.
Then, the dumbest move of all, we were told that we better be quick because the rate will fall. Really?
What were they thinking? We were all happy with $0.86, $1.38, $3.44, $4.86…. $6.00…$10…etc.… But now $38+? We have calculators. We started dreaming bigger than we would ever allow ourselves to dream. We did not ask for such a high rate or even dare to think about a rate that high.
But now that it is out there we all want it. The threat of lowering the rate after the first 7 days turns us all into BSSers. (see #4)
3) 3) Stop trying to scare the real dinarians. This situation was created for some of the general public to participate. Why? Money! We will spend it and we will pay a boatload of taxes. We don’t care. Even at 50% tax rate that is a heck of a lot more than we ever anticipated.
But now we are being told that we will be audited and watched. We were given over 10 years to think about this little bit of historical financial maneuvering that we are allowed to participate in.
We are not stupid. The dealers are not stupid. Of course there are reserves. Of course we are going to take advantage of them….as ill advised at that may be. You can’t come in at the 11th hour 55 min mark and say “We did not mean for you to make that much money.
If you do we will put on our brown shirts and knock on your door.” Stop it already. You are supposed to work for us, remember.
4) 4) Duh! Self-explanatory.
The bottom line is that whoever is running the show needs to employ someone who paid attention in psych 101 and start thinking.
This is not a negotiation any more. It is crowd management.
If the goal is to accomplish this quietly and quickly, I have just given you a road map. No government study needed.