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Randy Koonce: "When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street"."

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Randy Koonce: "When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street"."

Post  RamblerNash on Sat Aug 18, 2018 7:10 pm

Randy Koonce  



Everyone asks me:  How does Iraq Pay for this?  This event does not Cost Iraq anything.   Many say that Iraq has over $35 trillion out on the market and would never be able to pay for this.  The truth is Iraq has only $35 trillion and that includes the new bills.  What do I mean by new bills?   Those are the 1, 5, 10, 20 dinar notes... When they RV, it will by design bring in the Large Bills:  "Remove the 000'S" from the Street".   If you notice, "remove 000's" does NOT mean a LOP.  It just means they want to get them "off the street".   And by the intentional design of this event, if you bring the RV out low, like at 10 Cents and the USD is worth more than the Dinar, then the Dinar will not come off the street because they will keep their Dinar and just use the USD.


8/18/18
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Re: Randy Koonce: "When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street"."

Post  Sam I Am on Sun Aug 19, 2018 5:27 pm

What a dillhole!  Deleting three zeros does not mean removing the "three zero" notes.  If it did, that would mean that the 50,000 and 10,000 notes will remain in circulation because they have FOUR ZEROS!!!  When they remove the three zeros they will remove all of the IQD notes - the 250, the 500, the 1,000 the 5,000, the 10,000. the 25,000, and the 50,000 - and replace them with a new currency at the new rate minus three zeros.  In other words the rate will go from about 1200:1 ($.00085) for the IQD to 1.2:1 ($.85) for its replacement.  No profit - just an even exchange of value.

And for the record, there are over 65 trillion dinar in the M1 money supply and over 85 trillion in the M2, and they have a little over $50 billion in their foreign currency reserves to back all of that dinar.  Do the math, folks.  They dinar's current value is too high if anything.

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Re: Randy Koonce: "When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street"."

Post  ReapAndSow73 on Mon Aug 20, 2018 8:59 am

Simple question - why do other countries remove zeroes?  Because they are dealing with hyperinflationary policies.  It's a ledger-line trick.  Venezuela is deleting 5 zeroes.  They are an oil-rich nation too.  So, when they remove those 5 zeros, who gets rich?  Anyone?  Nope.

Randy Koonce is clueless.  Iran and Turkey and Venezuela are three examples of oil-rich nations suffering through massive currency crises...why wouldn't they just RV and fix everything?  Wait, it doesn't work that way?  But Iraq and Vietnam and Zimbabwe will RV?

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