DAZ Explains the RV

There is one thing missing from DAZ's argument for the RV.... The historical chart for the same time period that shows the money supply that corresponds with the rate.


But considering her audience will buy a book on investing because it looks good on the bookshelf, it's all accepted at face value.  DAZ's post probably will be responsible for a few more Dinar sales this afternoon.

daz wrote
4m ago

THERE IS ONE SINGLE BIT OF DATA THAT I ALWAYS REFER BACK TO THAT EXEMP​LIFIES THE INEVITABILITY THAT THE IQD WILL REVALUE...THE IMF HISTORIC​AL CHART. AND ACTUALLY THERES ANOTHER CHART THAT GOES BACK ANOTHER 18 ​YEARS. THIS CHART SHOWS IRAQ HAS ALWAYS HAD A REALIZED INTL VALUE UP U​NTIL THE COALITION OF NATIONS WAR EFFORT TO ARTIFICIALLY DEBASE THE EC​ONOMY http://www.imf.org/external/np/fin/tad/exportal.aspx?memberKey1=460&da​te1key=2015-01-31&category=EXCHRT

Here are a couple more posts from DAZ:

daz wrote
18m ago
WHEN IRAQ HAS MEET ALL THE NEEDED CRITERIA IN ALIGNMENT WITH WORLD VIEW IT WIL REINSTATE AT THE PREVIOUS AVERAGE ADJUSTED FOR INFLATION

daz wrote
5m ago
IRAQ HAS THE LAND MASS OF CALIFORNIA AND 36 MILLION CITIZENS....THEY ARE BORDERED BY KUWAIT THAT IS 1/50TH THE SIZE IN LAND MASS, 1/10TH THE POPULATION AND RESOURCES...YET KUWAIT'S CURRENCY IS CURRENTLY THE MOST VALUABLE IN THE WORLD. AND THE ONLY THING SEPERATING THOSE TWO COUNTRIES IS A BORDER DRAWN ON A MAP BUT IRAQ'S CURRENCY LISTS AT LESS THAN 1/10 OF A PENNY....IT WOULD BE IMPOSSIBLE IN A GLOBAL ECONOMY FOR THAT CONDITION TO CONTINUE FOREVER



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Iraq: Holdings Rate as of January 31, 2015

The holdings rate is the exchange rate of a member’s currency against the SDR. The rate is derived from the currency's representative exchange rate, as reported by the central bank, normally against the U.S. dollar at spot market rates and rounded to six significant digits.



   Date                             Holdings Rate

 April 30, 2014                0.000553897
 April 30, 2013                0.000568833
 April 30, 2012                0.000553591
 April 29, 2011                0.000527732
 April 30, 2010                0.000566092
 April 30, 2009                0.000570626
 April 30, 2008                0.000512352
 April 30, 2007                0.000516326
 April 28, 2006                0.000460244
 April 29, 2005                0.000451682
 September 22, 2004      0.000466938
 September 08, 2003      2.53758
 April 30, 2002                2.53758
 April 30, 2000                2.43852
 April 30, 1999                2.38074
 April 30, 1998                2.38881
 April 30, 1997                2.3558
 April 30, 1996                2.21848
 April 30, 1995                2.04504
 April 30, 1994                2.26323
 April 30, 1993                2.26004
 April 30, 1992                2.34852
 April 30, 1991                2.39924
 April 30, 1990                2.46985
 April 28, 1989                2.48283
 April 29, 1988                2.32407
 April 30, 1987                2.46269
 April 30, 1986                2.73556
 April 30, 1985                3.24557

Estimated Iraqi oil reserves are about 140 MMBL, while Kuwait's are about 104 MMBL. Does that look like 1/2 the resources? Yes, Iraq has some other resources, but not that many, and not that highly valued.