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 Frank26 "Iraq Going International?" 9/3/17

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roxy22222222
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PostSubject: Frank26 "Iraq Going International?" 9/3/17   Sun Sep 03, 2017 12:19 pm

 Delta's wife received a phone call from her aunt that lives in Canada...she was watching Iraqi television and they made a statement in theirs news that Iraq was going international in the month of September of this year and their currency was going to go up in value, higher, so that the citizens could have purchasing power...now everyone in Iraq is expecting this.  They said that there was a lot of increased security and it has nothing to do with their holiday which is September 1, 2, 3 and 4th but they didn't explain what the security was for.  Is it possible that this security is because they are in the process of distributing the convertible currency to the citizens of Iraq?  IMO.

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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Sun Sep 03, 2017 12:45 pm

complete lie.  Delta's wife?  Has she been married to Delta for a while?  Because Delta has been lying about getting phone calls regarding the immediacy of the RV since 2011.  Purchasing power?  Uh, that's not how it works.  Increasing the value of a currency pegged to USD means good sold also increase in value.  If a loaf of bread is worth 1000 IQD, and IQD increases in value pegged to USD, bread prices go up.

Please stop lying, you're embarrassing yourself.
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Sun Sep 03, 2017 2:02 pm

How can you embarrass yourself when you have no shame?

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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Sun Sep 03, 2017 4:37 pm

sarcastic I wonder if his real last name is Massengil'? He is being a real douchebag!!!
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Sun Sep 03, 2017 9:10 pm

You got the price of goods comparison with the RV a little off.  The price of goods stays the same regarding the cost. If it cost them x  for a loaf of bread their cost is still the same. It does not go up because the currency value goes up. It just means their conversion of money and what it buys changes. Otherwise what would be the point..  They are buying a loaf of bread from me at $1.25 a loaf. When their currency value changes they are still paying the same for that loaf of bread. The RV simply gives each dinar a higher purchasing power so now they can buy 10 loaves of bread but their price of their goods still remains the same. It's pretty simple.  This is the whole point of the investment.
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Sun Sep 03, 2017 9:38 pm

ChrisB wrote:
You got the price of goods comparison with the RV a little off.  The price of goods stays the same regarding the cost. If it cost them x  for a loaf of bread their cost is still the same. It does not go up because the currency value goes up. It just means their conversion of money and what it buys changes. Otherwise what would be the point..  They are buying a loaf of bread from me at $1.25 a loaf. When their currency value changes they are still paying the same for that loaf of bread. The RV simply gives each dinar a higher purchasing power so now they can buy 10 loaves of bread but their price of their goods still remains the same. It's pretty simple.  This is the whole point of the investment.
No, that's incorrect.  Price of goods sold goes up, because Iraq has to import almost everything.  It's why maintaining a weak IQD vs USD is really way better for them, especially in servicing debt.  Study trade wars and currency wars, and why a stronger currency harms cost of goods (http://www.econedlink.org/lesson/342/Exchange-Rates-How-Money-Affects-Trade and https://www.economics.utoronto.ca/jfloyd/modules/expl.html).

Yes, it is very simple, very basic economics.  Weak currency allows for 'cheaper' debt servicing, and allows for dealing with massive trade imbalances which pressure money printing/inflation by CBI.

If purchasing power is the whole point of the investment, y'all might as well line the bird cage with your IQD.
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Sun Sep 03, 2017 10:13 pm

OH please let's not get into this BS. Import export yah de yah. There is always somebody.  Do they import bread now. Yes  they import things but the price of goods will remain the same . If they are importing things they will still continue to import. If they are growing their own coffee , they will continue and the price will be the same.  A dinar is a dinar is a dinar. Figure it out.  PS the links did not work and if they did it is not worth reading. The bottom line is that whatever the cost of goods, it does not change .OK maybe a penny because if some exports yah de yah but I was responding  to a confusion about the message above which implied that if the dinar goes up  so do goods and they made it sound like it would be equal  to the increase in value which is not true and  the whole purpose of my post.
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Mon Sep 04, 2017 8:16 am

ChrisB wrote:
OH please let's not get into this BS. Import export yah de yah. There is always somebody.  Do they import bread now. Yes  they import things but the price of goods will remain the same . If they are importing things they will still continue to import. If they are growing their own coffee , they will continue and the price will be the same.  A dinar is a dinar is a dinar. Figure it out.  PS the links did not work and if they did it is not worth reading. The bottom line is that whatever the cost of goods, it does not change .OK maybe a penny because if some exports yah de yah but I was responding  to a confusion about the message above which implied that if the dinar goes up  so do goods and they made it sound like it would be equal  to the increase in value which is not true and  the whole purpose of my post.
Gotcha.  Sorry you think it's BS.  It's not.

A dinar is not a dinar is not a dinar when pegged to USD.  They have inverse correlation.  The purpose of your post was misguided, albeit well intended.  If they are growing their own coffee the price will not be the same.  It's fine if you don't wanna read but it's disingenuous to throw opinions around when you're not basing your view on basic economic curve theories.  Trade imbalance and debt servicing weaken currency, and that's how central planners like it.  It's cheaper to pay off debt with inflated money.

There is no confusion from Frank's post, he is completely ignorant to M1 money, money velocity, debt/debt servicing and trade.  If IQD unpegs from USD things could change; as of now, cost of goods sold would have upward pressure if IQDs value went up as pegged to USD.  Iraq has trillions in IQD M1, they ain't going to $3.00 in a blink.  Spiking 35000% overnight is mathematically impossible, despite what you've heard from gurus.

Reconsider your stance on educating yourself - economics and monetary theory should be vital to any speculative investor thinking that buying paper currency and shoving it in the sock drawer will someday make them an overnight millionaire.
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Mon Sep 04, 2017 10:23 am

Maybe this will help explain how exchange rates affect the price of goods:


Foreign exchange rates often do matter. Consider a small self-sufficient island economy with its own currency. If it neither exports nor imports then all the food that it grows is priced in its own currency because all the costs of rent, labour and distribution associated with growing and selling the food are local. So for this case foreign exchange rates have no effect on the local price of food. Exchange rates may go up if more tourists visit or go down if fewer tourists visit (and the price of food may go up and down slightly with the changes in visitor numbers) but this has no effect on food production costs. Exchange rates don't matter in this scenario.

Now we can make a small change to the scenario. Let's assume that the island starts to import fertiliser. This allows food to be produced more cheaply -- which is a Good Thing. But it means that the cost of producing food is now partially dependent on the exchange rate since fertiliser must be bought from abroad using foreign money. When the local money drops in value versus foreign money, the cost of imported fertiliser rises and so the cost of locally produced food rises. And when the local money rises in value versus foreign money, the cost of imported fertiliser drops, reducing the cost of locally produced food. So now exchange rates matter.

In fact this small change in the way that food is produced has changed the exchange rate from a matter of no importance, to one of great importance because changes in the exchange rate now impact the cost of living. When there are many tourists, food is less expensive to produce; when there are few, food is more expensive to produce.

Generalising the result from food indicates that the more products, goods and services that require inputs which are only available by spending foreign money, the more impact foreign exchange rates will have on the local economy.



https://www.quora.com/Do-foreign-exchange-rates-matter-Arent-all-goods-and-services-basically-the-same-cost-in-real-money-regardless-of-a-countries-exchange-rate
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Mon Sep 04, 2017 11:35 am

I will make this simple enough hopefully all will  understand. I will use the bread analogy again.  If the cost of doing business  where I talked about the dinar and its purchasing power cost them 1 loaf of bread, then they are still way way ahead by 8 loaves of bread. That is quite a bit of purchasing power. Otherwise why revalue or why RI and then Revalue. I have never seen someone try to complicate something so easy. Now we are into to fertilizer. How did we get into manure on something so simple. If you want to find a way for this not to work, keep at it.  Now the fertilizer has a premium because its freds fertilizer and the import costs will be much higher bcecause the boat has to go thru Somalia where Tom Hanks is still being held captive or reading for his next script. I made a simple point and now were talking about bicycle parts that must transport the manure. Why are you responding to this anyhow when you know this will never RV.
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Mon Sep 04, 2017 3:53 pm

They cannot RI or RV because of 90T M1 money in circulation.  It's pegged to USD.  You wanna spike/RI/RV IQD, USD has to tank in inverse correlation.  It's simple math.  Unfortunately you're not tracking.  The fact that you're debating from a pro-RI/RV angle kinda explains it.  If you don't wanna factor M1, inflation, debt covenants, trade imbalances and pegs, you're bringing a knife to a gun fight.  Ask why countries place protective tariffs on imports, and what happens to the price of domestics.  Then, examine the massive trade imbalance Iraq has, and how they export almost ALL basic necessities.  If IQD goes up it screws that balance and goods spike in cost.  Dude, it's just not that hard.
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Tue Sep 05, 2017 11:55 am

The IQD could be pegged to Bigfoot's butt and it wouldn't matter..

The currency intel scam was built on a foundation of fraud, lies & MLM.

#1 Unless everyone has brain damage..   GURU's were given expert "cult" like status because they claimed to have secret sources from inside the GOI or several 3 letter agencies or both.

#2 After DB was raided by the FBI, suddenly the GURU's stopped mentioning their secret sources, except for MT Goat who still claims it's inside the CBI..really? 

#3 If you're not a licensed currency trader, and you're not a ME Anylist connected to a ME hedge fund, VC group or work inside CBI, GOI or OPEC ...then at best you're spit balling.

#4 If you're Frank26 and you're now getting your intel from an Aunt who saw a currency announcement on a Canadian channel .. well then,  you're either a complete imbecile or a desperate MLM conman . 

#5 I think it's both, but I'm betting the #IRS.gov #FBI.gov #SEC.gov # FTC.gov will figure out soon it's the later ..
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Tue Sep 05, 2017 12:42 pm

These guys are ALL idiots, because it is all about 'their' bottom line, they don't give two shits about other people-These assholes make big profits for lying to people and dragging them along, but none of them have the common decency to admit their lies and stupidity, and those that listen and take their word for all this shit, is only kidding and lying to themselves- When y'all gonna wake up and realize you're all getting flimflammed? Get with the program, and wake up for crissake, what the hell is wrong with you?
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Tue Sep 05, 2017 3:17 pm

Frank is the scummiest of the con men. His videos are so sleazy that it amazes me anyone buys his BS
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Tue Sep 05, 2017 4:50 pm

Terbo56 wrote:
These guys are ALL idiots, because it is all about 'their' bottom line, they don't give two shits about other people-These assholes make big profits for lying to people and dragging them along, but none of them have the common decency to admit their lies and stupidity, and those that listen and take their word for all this shit, is only kidding and lying to themselves- When y'all gonna wake up and realize you're all getting flimflammed? Get with the program, and wake up for crissake, what the hell is wrong with you?
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Fri Sep 08, 2017 8:50 am

I trade currencies for a living, and it's really quite simple.  The dollar has stayed fairly weak recently, and most of it's moves have increased the value of other currencies but only by small percentages.  The largest increase we've seen in any currency is around 10% over a 6 month period.  So anyone holding Euros gets 10% more $ now because people need/want Euros more.  There is no reason I will ever need Dinars enough to pay more $ for them.  It doesn't matter what happens in that country, their currency isn't wanted or needed by anyone outside the country enough to pay more US$ for it.  Perhaps if they discover gold, or something.  But even if they discover a huge oil reserve we buy oil with dollars, not Dinars.  So there is no reason for that currency to go up by anything more than small amounts, or go down by small amounts.  As all currencies do.
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Fri Sep 08, 2017 1:37 pm

no no
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PostSubject: Re: Frank26 "Iraq Going International?" 9/3/17   Fri Sep 08, 2017 2:17 pm

Quote :
Delta's wife received a phone call from her aunt that lives in Canada...

At last! Secret intel sources revealed !!!





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