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Tony, Tony Tony....  Pulling stuff out an orifice again?  (and maybe good riddance) DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Tony, Tony Tony.... Pulling stuff out an orifice again? (and maybe good riddance)

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Post by Cascadian on Wed Nov 25, 2015 3:22 pm

Tony:  When this happened with Kuwait, President Clinton paid off the national debt, and nobody knew how.  It really helped the economy.  The general public will not know that dinar, dong, rupiah and the GCR wiped out our debt for us




Oh boy!  Where does one even begin with this one?

At best, with plenty of accounting gimmicks, Clinton and the Congress managed to 'balance' the budget and theoretically stop adding to the national debt.  That's not paying off the national debt.

And even IF he had done so, nobody knew how?  Really?  The cable news networks and business channels saw this incredible feat and DIDN'T ask how?  Wow!

Now I might possibly be wrong on this in some way, but this supposed Kuwait RV happened in 1991, almost 2 years before Clinton took office!  The "Global Cash Reset" that happened with the reinstatement of the Kuwaiti Dinar...  There is NOTHING I can find out there that would even hint at such an event during that timeframe.

Of course, nobody on TNT will question the all knowing Tony.  Certainly won't fact check for themselves.  Hopefully someone will google Kuwait RV and get to look at this article.

(I lost track.  Is Tony being sentenced Monday?  If so, and no call is going to happen on Friday {no doubt to get one last weekend of freedom and fun in if the sentence is awaiting him}  Is it at all possible that today was Tony's LAST TNT call?)

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Post by Cascadian on Wed Nov 25, 2015 3:28 pm

Tony, Tony Tony....  Pulling stuff out an orifice again?  (and maybe good riddance) Geico-horror-movie-ss-05-thumb

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Post by dwm007 on Wed Nov 25, 2015 4:20 pm

And of course the Kuwaiti "RV" never even happened! The exchange rate stayed the same before, during and after the occupation then when Kuwait "reinstated" their currency they simply replaced it at the same rate to eliminate the old currency that the Iraqis had stolen from the banks. So where is that big"RV"?


The only rate that fell was not a rate at all but rather it was whatever some, but not all, Kuwaiti citizens who had fled the country with what money they could carry with them could get for that money. They sold that currency for whatever they could get for it because they were desperate and the currency they had couldn't be spent due to the fact that no one wanted it since it was very likely to become worthless, at least most people thought that at the time. The fact is there was relatively very little currency sold at this black-market rate anyway, all that was available was what the Kuwaiti refugees had in their pockets, you could NOT get it at a bank or anywhere else at less than the $3+ official exchange rate! What rate the Kuwaiti citizens actually sold it for depended entirely on that particular transaction which would have been haggling between the currency owner and the speculator that was betting that it could eventually be official exchanged again, the OFFICIAL market rate never fell!


IF a person had of been on the streets in some of the countries neighboring Kuwait during the occupation and IF they had of contacted a Kuwaiti refugee who was willing to sell his/her currency cheap and IF this Kuwaiti happened to have a significant amount of currency in their physical possession then someone might have made some money on the Kuwaiti Dinar! That's a lot of IF'S but it probably happened a few times and was the basis of the "RV" myth, however it was only on a relatively small scale because all that was available was what the few Kuwaitis that were selling had with them.


That's where the big "Kuwaiti RV" myth came from but that's a hell of a long way from being a real "RV" of the official rate!

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Post by Kevind53 on Wed Nov 25, 2015 10:10 pm

Yea he "balanced the budget," upon the backs of all of us that have paid into SS for our entire lives. Not that he was the only one to do that, the reason SS is in the mess it's in now is that Congress and the President raided the coffers so they could use it in the general fund. There are literally billions, if not trillions of dollars in "bonds" owned by SS sitting in a warehouse. Now that the boomers are retiring and the time has come to pay them back, they call SS an entitlement and tell us they have to somehow cut benefits to keep it "viable." If they paid back what is owed it would be viable.

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