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Post by Ssmith on Fri Sep 25, 2015 9:14 am

RichDude (TNT)

Soon very soon.....Iraq has to be in compliance with Article 8 by the 1st of Oct., in order to do that and have an international currency, they are going to have to RV before the 1st. If they don't they will not have international status or currency and they need to do this before Iran's sanctions are lifted or they are going to be left in the dust of all the investors waiting to invest in Iraq!!
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Post by Ssmith on Fri Sep 25, 2015 10:56 am

There's still a few more day before October 1st.  Time to buy more Dinar.  So what if you pay another $20 for overnight shipping.  You'll be a gazillionaire soon!  Woo-Hoo!!!



Columbo
I believe that when the entire world is involved, "they" can do/say whatever they want. . . .miss deadlines, undo what's been done, change the rules, etc. I am hoping by Oct 1 for sure, but I've seen "people in charge" do whatever the hell they want.



Tigerfan
Agree w/Columbo to a tee. We've seen this "have to" many many times. Chapter this and chapter that. Even with an artificial rate, they continue this ongoing dialogue. It seems that if those in the Government have what they need, its just fine. Again, it's who cares about the people they "represent." Im not buying another Chapter in this long book of chapters. When the Iraqi people stand up once and for all, we'll see the RV.
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Post by Kevind53 on Fri Sep 25, 2015 11:39 am

No need to change their currency one iota. For starters, other than a few countries that have mutual exchange agreements, international trade in done with one of the reserve currencies. USD AKA petrodollars in the case of oil. The USD is the largest but not the only reserve currency by any means. In addition many countries, have trade and currency that is traded internationally with far smaller USD equivalent values and they are doing just fine. I like to look at Vietnam for example. They are sitting on large oil reserves, and actually do have a lot of other raw materials in their own country. They have seen strong and robust growth, although, like China, they are struggling a little at the moment. They are full members of the WTO, and yet have a currency that is a fraction of the value of Iraq's.

All this to say the guru statements about the need to RV or be left behind are just so much guru poopoo

*****************
Trust but Verify --- R Reagan Suspect

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

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Post by RamblerNash on Fri Sep 25, 2015 11:50 am

@ssmith wrote:RichDude (TNT)

Soon very soon.....Iraq has to be in compliance with Article 8 by the 1st of Oct., in order to do that and have an international currency, they are going to have to RV before the 1st. If they don't they will not have international status or currency and they need to do this before Iran's sanctions are lifted or they are going to be left in the dust of all the investors waiting to invest in Iraq!!


Only the Guru's say that they are going to RV by the 1st of October.

How else are they going to buy from the dealers.

TerryK got paid from Sterling to promote that! And Tony???

What are you going to do when TNT Tony and the Guru's tell you it's going to happen in November, then December? Kick yourself?
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