Latest topics
Breitling: addresses those who are anti dinar and anti Vietnamese currency…
4 posters
Page 1 of 1
Breitling: addresses those who are anti dinar and anti Vietnamese currency…
Breitling
I want to throw this out about the note count…these guys who are anti dinar and anti Vietnamese currency…on the Vietnamese currency they CORRECTLY said there’s too much currency in circulation. That’s true…that’s the whole point.
That’s why we have to watch for them to reduce the note count.
Now with the Iraqi Dinar it’s completely opposite.
They are INCORRECT on reading the DM1 and DM2 interim report.
They need to get out [of dinar] if they think there is that much currency out there…It just happens to be equivalent to the country’s reserves?…
There is simply NO reason to reduce the note count if they’re gonna pretend that they’re going to take the zeros off it. …There’s no reason to reduce the note count if they’re NOT going to add value to it.
Why would you do that?
So that’s the game. If you see any country at all that mention or give out any information that says they’re reducing the note count…I’ll go buy the currency. doesn’t matter who it is…if they are reducing the note count go buy the currency cause you’re going to make money.
~~~~~~~~~~~~
I want to throw this out about the note count…these guys who are anti dinar and anti Vietnamese currency…on the Vietnamese currency they CORRECTLY said there’s too much currency in circulation.
That’s true…that’s the whole point.
That’s why we have to watch for them to reduce the note count.
Now with the Iraqi Dinar it’s completely opposite.
They are INCORRECT on reading the DM1 and DM2 interim report.
They need to get out [of dinar] if they think there is that much currency out there…It just happens to be equivalent to the country’s reserves?…
There is simply NO reason to reduce the note count if they’re gonna pretend that they’re going to take the zeros off it. …There’s no reason to reduce the note count if they’re NOT going to add value to it. Why would you do that?
So that’s the game. If you see any country at all that mention or give out any information that says they’re reducing the note count…I’ll go buy the currency. doesn’t matter who it is…if they are reducing the note count go buy the currency cause you’re going to make money.
…again to do that [add value to the Dong] the same exact scenario that any country would have to do if they want to add value to their currency…
they’re going to have to reduce the note count…
so there’s no difference between Vietnam, Iraq, United States, Russia…People are predicting that China is going to start sooner or later adding value to their currency…what’s that going to do is open up the door for Vietnam to add value because they can add value and compete against China at the same time….
that’s where it’s coming from and again, you know the numbers are coming from the Vietnamese government…that hasn’t changed…what they need to compete on a global scale and to be able to have cheap labor and all that stuff they want to raise the value to about 2 or 3 cents…that’s it…that’s all they need.
In fact if they raise it any higher than that it might ruin the formula that they have to compete in the region so they’re not going to go too high.
…it’s not a prediction it’s what we are talking about in Vietnam itself…you know I would never just throw a number out there unless it’s something that the government has talked about or they proposed and they’ve always proposed they wanted to get it [dong] up to two cents…
remember they are competing against China and geopolitics…that’s what creates the pace.
At the time when Vietnam talked about that they actually wanted to add a little value to the currency, well because of other politics that were going on in the region,
Well that’s off the table now…it’s not a prediction it’s what Vietnam wants…
Last edited by Ponee on Wed Aug 24, 2016 9:37 am; edited 3 times in total
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Breitling: addresses those who are anti dinar and anti Vietnamese currency…
I've never seen any article where Vietnam said they want to raise the value of the dong to two cents. That would be a 50,000% increase which is ridiculous. Unless Breitling is just making this up (a distinct possibility) I think he might be referring to a proposed redenomination by removing four zeros from the exchange rate of 20,000 dong to the dollar which would make it 2 dong to the dollar or about $.50 for the replacement currency with no change to the inherent purchasing power. I've never seen any statement to that effect but it would certainly make sense if they choose to go that route.
*****************
Busting Gurus Since 2011
Re: Breitling: addresses those who are anti dinar and anti Vietnamese currency…
I used to get 2-3 cents for all my soda bottles when I was a kid-Still worth more than the 'paper' ya'll hold now-
Terbo56- VIP Member
- Posts : 13675
Join date : 2011-06-18
Age : 67
Location : Central Florida-
Re: Breitling: addresses those who are anti dinar and anti Vietnamese currency…
remember they are competing against China and geopolitics…that’s what creates the pace.
Which is exactly why it makes no economic sense for them to raise the value of the Dong.
*****************
Trust but Verify --- R Reagan
"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
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee