[tdooly] Looks like we are posting some "predictions" this AM! Well, here is mine: Prior to the IQD being DEvalued from approx $3.22 to toilet paper values, the IQD was roughly on par with the value of the Kuwait Dinar. Shabby and in general everybody has said that the IQD would be "strong", "strongEST", etc, post RV. THEREFORE, IMHO, nothing short of the value of the Kuwait Dinar is feasable, THUS IMHO the RV will be in the HIGH $4 range. I have other information that confirms a $4.75 value. NO additonal info re that value or source.
[Sparkles] tdooly I will take it and ruuuunnnnn!
[Sparkles] tdooly When is the question
[tdooly] Sparkles When is easy!!!! On or before September 1 which, I believe is the new fiscal year for the USD such that on that date we may see a change over from the FRN to a USTN US Treasury Note -- however, that may come later after many have exchanged their IQD for FRNs such that when the conversion to USTN happens at a 2:1 exchange the UST will take 50% of our cash in --- known as "slick taxation"!!!
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hub] tdooly reading your last couple of post, can you explain the statement about the 2-1 conversion with a "slick taxation" , never heard of this before this min,
[tdooly] hub The FRN (Federal reserve note) is history in that the "world" no longer loves it. The powers that be will simply rename ( a very clever trick of nameiing stuff like "Social Security!!) it as US Treasury Note with a supposedly asset backed value, albeit that "asset backed value" will be just something they dictate versus GOLD IN FORT KNOX. We will "exchange" our FRN for USTN. They wiil try to brain wash us to believe that the USTN is really of better value such that we will all happily go to the bank and exchange 2 of our FRN for 1 of those wonderful USTN. Obviously, this is MY speculation of approximately where we are going. Finally, I will NOT exchange ALL my IQD for FRN OR USTN, but keep as IQD.
hub] tdooly what about just going ahead and trading for canadian or swiss and circumvention the American currency all together
hopeful2&2] tdooly what about folks that has no iqd just what they have in the bank, so a person has 500 dollars in the bank, which would then become 250 dollars, i'm not sure its gonna work that, our dollar we have now should be worth more if anything
tdooly] hopeful2&2 I disagree with "worth more", HOWEVER it will be "sold to us" by our government as being an "equal" or "good" exchange because of the supposed stability of this new USTN. Many were convinced that in the past 4 years we would see "Change you can believe in" -- little did they know that the "CHANGE" was not necessarily for the BETTER!!!!!!!
[jimmydnar] tdooly I agree with holding IQD's
[tdooly] jimmydnar The big question: What will gold and other such prices do post RV? IF they go down, an exchange for such may be wise. IF UP, then... don't know!!
[da58] tdooly I am glad you brought up this conversation, knowing the new notes will come out eventually, I have been speculation on many issues that could rise in the 'switching' from the FRN to the USTN..and how this will affect the money of ours that is still in the US..
[Cyndee49] Heard wells Fargo will let you hold foreign currency act
[hub] tdooly it seems to me, if what you are saying comes to fruition, and the govt does convince us to change out money, this will cause a real stablility problem in the US, has not been long enough since Germany, cuba, and many other smaller countries were eased into dictatorship, we all know or have studied this first hand , i.
maranatha] 8-19-2012 Mailman17: i agree with our posters on that article that the 1000:1 means that for what you could have bought for 1000 dinars will now take 1 dinar. That’s an rv. There is no way in **** iraq with a 67 bil reserve, with 780 bill frozen and now possibly 5 tril worlwide added to the fact that the paris club would forgive a measly amount compared to that that a lop is even a possibility.
Iraqs assets perspectively using fractional banking can easily and i repeat easily now handle a 1-1 and that’s where i think we are head very soon. Talabani comes back to make an announcemnent supposedly on the 26th imo he is announcing the rv effective fingers crossed sep 1. Look back on just whats transpired the last 2 weeks: erbil, 140 hcl, ministers. All most likely to be done after the 23rd of aug. Now, add the un’s group headed by the us the news has been nothing but outstanding.
[farmtrader] hub , what effect will the banking system in Iraq do to the rv by them helping the country of Iran.
[hub] farmtrader i am wondering if the report that they will help iran do anything is correct , because the US was involved with the sanctions for iran, and would they allow iraq to do so, i personally dont think they can help iran, but my opinion.
[farmtrader] hub , sounds rather ominous no matter what. I was wondering if the banks in Iraq might be shut down because of it?
[hub] farmtrader i am wondering if the report that they will help iran do anything is correct , because the US was involved with the sanctions for iran, and would they allow iraq to do so, i personally dont think they can help iran, but my opinion