_generals64 It's just my opinion, but all the conversations that were held prior to thuis last year, 90+% of all currencies were being quoted as their USD value. It seems if they were going to switch the peg, they can still accomplish all they want by reducing the number by the conversion factor
generals64] First right now the USD is in trouble and the GBP is stong...Now, we (USD) are in our own dilemma...so, if we stand back and let the world attach the GBp to other currencie it will relase funding that is tied up...I've not been involved in the old conversations...I get asked to be on calls...won't do it...did it once with hammerman and he was off in giving financial advice and tax advice...never on again with anyone
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_ [namvet68] generals64 conversations from Shabs and his group.....most of the conversations and news articles and IMF (as you pointed out yesterday) have talked about the value expressed in USD. Not saying it won't be pegged to GBP, but would still expect it to equate to the same range value as previously indicated. I'd love to be wrong on this.
generals64] namvet68: remember, i said that was my opinion...not anything written in stone....I have heard from higher sources than okie that the rate should show at around 4.22 then I saw a rate of 4.40 come out and then a rate of 5.25...then all the way to stupid land...
generals64] in reality:...shabibi asked for and qualified at 12.41 about three years ago...the world bank said they were right but diallowed it due to the world economy would collapse with their being that high...Now, stay with me here
namvet68] generals64 I've been on this ride for three years and I've watched this grom from Adam's $.10 to SteveI's $3.25 to lala land. I'll take whatever it comes in at, get on my knees and thank my Lord and Savior and plan on who gets the 10%+ that my brother and I have agreed to donate.
generals64] when that started there was a bunch arguing about the rate and they should (watch this one) they wanted the Iraqi dinar to come to its original GLORY...Shabibi said that...The original rate (1932) was $4.79...Now, they wanted to raise it accordingly...if you extrapolate those numbers you come to about 12.75 do the math.
generals64] And, that is when the battle over the value began...
[generals64] me, I'm a happy camper at 1.00
namvet68] generals64 amen to that
generals64] namvet68....I hope and pray this happens soon...I don't pray for money or wealth...I pray that only GOD's will be done...I pray that if this is his will that he gives me the knowledge to move forward.