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Chattels - Tune in Tomorrow! 11/7/18
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Chattels - Tune in Tomorrow! 11/7/18
Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur…Tune in tomorrow…
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Ssmith- GURU HUNTER
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Re: Chattels - Tune in Tomorrow! 11/7/18
you do not have to wait here is your answer. nothing they will stall and then say either sunday or next tues. Iraq is great at running their mouth but when it comes to action they stall. it seems like they really do not want to raise their currency for what ever their reason
Jayzze- VIP Member
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Re: Chattels - Tune in Tomorrow! 11/7/18
Jayzze wrote:you do not have to wait here is your answer. nothing they will stall and then say either sunday or next tues. Iraq is great at running their mouth but when it comes to action they stall. it seems like they really do not want to raise their currency for what ever their reason
Wanting to raise the value of their currency has nothing to do with it, as its' value is right where it should be.
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Ssmith- GURU HUNTER
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Re: Chattels - Tune in Tomorrow! 11/7/18
on a tenth of a cent Iraq will go far, btw if the us currency was worth a tenth of a cent what would you do?
Jayzze- VIP Member
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Re: Chattels - Tune in Tomorrow! 11/7/18
Er...how could the US currency possibly be worth a tenth of the US currency i.e a tenth of itself?
And where does this idea come from that all international units of currency must be of equivalent value? Do you think the Japanese yen should be worth the same amount as the US dollar?
And where does this idea come from that all international units of currency must be of equivalent value? Do you think the Japanese yen should be worth the same amount as the US dollar?
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Ethel Biscuit- VIP Member
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Re: Chattels - Tune in Tomorrow! 11/7/18
if the us and englands currency was woth a tenth of a cent was worth like Iraq we would be in the same position going nowhere does that answer your question how many countriesin the world is worth in the world?
Jayzze- VIP Member
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Re: Chattels - Tune in Tomorrow! 11/7/18
Jayzze wrote:if the us and englands currency was woth a tenth of a cent was worth like Iraq we would be in the same position going nowhere does that answer your question how many countriesin the world is worth in the world?
But US and England aren't Iraq. I'm not following what you are trying to say.
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Ssmith- GURU HUNTER
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Re: Chattels - Tune in Tomorrow! 11/7/18
Jayzze was asking, 'what would YOU do IF the U.S. currency was worth 1/10 of a penny, PER DOLLAR? What would WE DO, if we were in Iraq's shoes? How hard is that to understand? WOW....
Terbo56- VIP Member
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Re: Chattels - Tune in Tomorrow! 11/7/18
Again, how could a cent be worth a tenth of a cent? A currency can only be valued against a different currency, not against itself. You're not making sense here.
And who says there needs to be a one-to-one exchange rate? The worth of the British pound has fallen markedly against the US dollar. In 1975 the pound was worth over 2.30 dollars. Earlier last century it was worth 4 dollars. It varies.
Again, at the moment the dollar is worth 113.87 Japanese yen. In other words, the yen is worth less than a cent. That doesn't mean that the yen needs to be revalued.
And who says there needs to be a one-to-one exchange rate? The worth of the British pound has fallen markedly against the US dollar. In 1975 the pound was worth over 2.30 dollars. Earlier last century it was worth 4 dollars. It varies.
Again, at the moment the dollar is worth 113.87 Japanese yen. In other words, the yen is worth less than a cent. That doesn't mean that the yen needs to be revalued.
Last edited by Ethel Biscuit on Thu Nov 08, 2018 2:06 pm; edited 1 time in total (Reason for editing : Edited for clarity)
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"Scum" - Sue Winters
Ethel Biscuit- VIP Member
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Re: Chattels - Tune in Tomorrow! 11/7/18
Same with Iraq, if you want to look at it that way- A tenth of a cent is a tenth of a cent-So, Iraq's currency is one tenth of a cent-So, how can they survive, or do anything? How could the U.S survive, IF our currency was one tenth of a cent? Cut a penny in 10 pieces, take one out, that is one tenth of a cent, is it not? This is what they are trying to work with- And, I wasn't talking about an exchange rate, or a revaluation-Merely making a statement of what the Iraqi currency is worth, and IF ours was worth one tenth of a cent, what would we do, or be forced to do? Just like Iraq, this is what we would be dealing with- I hope I cleared that up for you-
Terbo56- VIP Member
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Re: Chattels - Tune in Tomorrow! 11/7/18
What a currency is worth IS its exchange rate!
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"Scum" - Sue Winters
Ethel Biscuit- VIP Member
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Re: Chattels - Tune in Tomorrow! 11/7/18
I think the boys may be confusing what a currency is worth with inflation.
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Ssmith- GURU HUNTER
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Re: Chattels - Tune in Tomorrow! 11/7/18
But...But...But boys. The IQD has more zeros. Maybe we should remove a few, let say...about 3.
Would that make things easier to understand? LOL The gals seem to have gotten it...
Did you miss the link I posted:
https://www.numbeo.com/cost-of-living/prices_by_country.jsp?displayCurrency=USD&itemId=9
On this thread:
https://www.dinardaily.net/t75215-i-have-a-theory-please-share-your-thoughts
Isn't interesting what a Dinar could buy?
Would that make things easier to understand? LOL The gals seem to have gotten it...
Did you miss the link I posted:
https://www.numbeo.com/cost-of-living/prices_by_country.jsp?displayCurrency=USD&itemId=9
On this thread:
https://www.dinardaily.net/t75215-i-have-a-theory-please-share-your-thoughts
Isn't interesting what a Dinar could buy?
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RamblerNash- GURU HUNTER
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