[goin4broke] Anyone read Jester in recaps? As I've been saying forever mathmatically 27 per Dinar breaks the World not just Iraq.
[mystery] goin4broke don't agree ...
[Scrench] Goin4broke I have been saying for months under the old system that is true, but if currency's are asset backed the can increase dramatically . So you need to look a little harder , might happen , might not
[goin4broke] mystery do tell as there is NO way under asset backed you can even come close. Study China has been fibbing on their numbers too and are more broke than the USA.
[bama] goin4broke not that I agree with Tony or $27, but Jester simply saying the math does not work without demonstrating his math falls a bit short for me. jester postulated the oil credit scenario in which case many rates work. If the dinar is destroyed and oil credits are created, the only thing that matters to the governments buying the dinar off the street is that they pay less for it than they do for the oil credit, be it $1 or $100.
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[sixfigurenow] goin4broke in the real world there is always 2 sides to every story; in denar land there appears to be infinate....I agree $27 is hard to believe but until this thing pops, no one seems to know anything about rate or date...so I guess those that claimed to have CE must be fibbing?...imo
[goin4broke] bama Tony has said in Iraq people are cashing out at 27 plus. Think people. They live in huts but suddenly they are beyond rich? No way.
[TexasMom] goin4broke Tony said contractors were being paid... not Iraqis cashing out. JMO
[dudenocoins] goin4broke - those were oil workers - not Iraqi citizens.
[goin4broke] TexasMom you can't pay one without the other. If you give me 27 as a contractor I'd be on the first plane out of Iraq. No way
[bama] goin4broke I am not arguing for Tony's rates. I am simply saying that any of us who dogmatically stand on our position while knowin little to know facts will most likely end up with egg on their face. We can not know th plans, we do not know the facts, and we certainly can not know the outcome
[TexasMom] goin4broke American contractors... big companies... IMO. Let's not starting arguing with mom!! lol
[mystery] goin4broke iraq is not cashing out at 27.00
[goin4broke] mystery TexasMom nobody has cashed out.
[mystery] goin4broke I KNOW they have
[goin4broke] mystery do tell?
[TexasMom] goin4broke sorry! That is incorrect.
[sixfigurenow] Until this pops, we will not know who has been more right then the next person....will be interesting and I guess come the weekend we will know.....or the can gets kicked down the road again...imo
[mystery] just told u
[goin4broke] mystery why are there NDA's then?
[sixfigurenow] goin4broke do we know for a fact there are NDA's?
[mystery] goin4broke not here to argue... believe or don't your choice
[TexasMom] bama btw good posts this morning. You bring a lot of reason and logic! clap
[bama] goin4broke see. You just gave a perfect illustration. To say without reservation that "no one has cashed out" is equal to saying that you are in a position to know everything about every person and know all of the back room deals that may or may not have been made.
[dudenocoins] sixfigurenow sixfigurenow Yes!
[just4me] goin4broke sixfigurenow I dont believe there are NDAs.
[sixfigurenow] dudenocoins fact not what someone said that you do not know...direct fact?
[goin4broke] bama so you know someone that has cashed out?
[bama] goin4broke nope. But then, i only know about 500 people personally in the world, which leaves roughly 6 billion that i do not know and what those may or may not have done, I cannot reasonably say
[goin4broke] bama OK so they cashed out. Who paid them and with what monies?
[just4me] goin4broke If It can be proven anyone cashed out, I would not care what rate. I would be at BOA getting a 2nd mortgage to buy more IQD. nuff said.
[bama] goin4broke again, I have made no claims that they did cash out. I can speculate like the rest of dinar world but it would only be speculation, Which I am entitled to do, but it would have no more value than the speculation of any one else
[goin4broke] bama were talking huge money transactions with nothing but broke countries. Two and two are not adding up to four. So Iraq paid contractors with what as they haven't Rv'd?
[Scrench] gion4broke look if your upset about a miracle rate of 27 then if the miracle appears , when you get to the bank just tell them your ok with 3 buck. Ok simple
[bama] However, the CBI does have reserves of $70 billion or so, huge resources of gold, as well as loads of oil so if for some reason they wanted to exchange some of that wealth to retreive their currency, I am sure they could make it happen
[just4me] bama you said $70 billion right. If you have 200 million IQD at a rate of $27 that is $5.4 Billion. I know at least 12 peeps with over $200 mill IQD. At a rate of $27, I would be a billionaire myself. nuff said.
[bama] just4me thats a whole lot of billions for sure. However, I would go back to the idea that Iraq will not be pulling money out of reserves to pay for dinar. Using Jesters own logic, the dinar will never make it back to Iraq and will be destroyed. Instead, governments will have the right to purchase oil at some agreed to price, i.e oil credits. If the agreed price is 430 per barrel and they pay up somewhere between $1 - and $30 but can resale the oil for $90 or reuse it and not have to purchase oil thereby saving $90, then what they pay us is immaterial. For Iraq, they have about $1.50 cost in each barrel so for them, it is a win all the way around. They get rid of the liability of standing behind their currency, and they still make a profit of $28.50 per barrel. Again, this is all speculation, just as it is speculation that someone has or has not cashed out
[Jamison] I will make a quick statement, read if you want, it is in the best interest of the banks to get you to cash out individually at the street rate, they get to keep more of the spread for profit for bank, the more people they can convince to go in on their own and not with the group, the bank makes more money. So there is factions of the banking arena that are feeding information to lead you to believe that you could go in on your own for 27 dollars thus avoiding the group situation
[Digs] Jamison Nice Post! Thanks!!
[nutzo] everything is speculation until it is written in stone, and even then it might be a lie, if you dont like what you read, read something else, jester is saying next year, tony and okie are saying now, so take your pick, but nothing is real till we can spend it, be it 2 dollars or twenty!
[sonnayhwh] Gonna be two rates: 1) Street rate, which as yet is unknown and negotiable and 2) Contracted rate, which as yet is unknown and non-negotiable. Both are unknown. But I'd be happy with either . . . grin