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Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19

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Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19 Empty Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19

Post by RamblerNash on Wed Oct 16, 2019 11:07 pm

Kaperoni  

When people read these documents and they're talking about dinar in circulation and they're referencing billions...That is correct but that is in relationship to dollars. At the current exchange rate the cbi's liability for in excess of 42 trillion dinar is at or around 40 billion dollars...But if they were to RV at let's say 1 to 1 then the liability would become $42 trillion dollars...and this is why we say the CBI could never substantially RV because they couldn't afford $42 trillion dollars.  That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion...the CBI is responsible for managing monetary policy and keeping its stability ...any kind of significant RV would throw the entire monetary policy into chaos.

...the IMF is part of the United Nations. There is an agreement with every member country that they will follow the directives as a memberBut Iraq is different as well because in December of 2015 they signed an agreement known as a standby agreement with Iraq to allow the IMF to be trustee over the CBI. If you look up the definition of a trustee you will see that they have control. And as a result, significant progress has been made at the CBI over the last few years in many areas.  I'm sure they can make a move without the IMF but Iraq is an emerging market and they want to be part of the UN and they want to be part of the IMF and they want the world to do business with them so it would be probably foolish to make a move of any kind without consulting with the IMF first.
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Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19 Empty Re: Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19

Post by browneyes8011 on Thu Oct 17, 2019 12:07 pm

That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion.

IF lopping doesn't change the actual value of the dinar, how could it possibly reduce liability?  That makes no sense at all.  What he just actually said is a revaluation!  A lop not only removes zero's from the currency, but it also adjusts the exchange rate to reflect that, with no value change. So........Kap.......care to go a little deeper with your theory?

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Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19 Empty Re: Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19

Post by Sam I Am on Thu Oct 17, 2019 5:08 pm

He's not saying that it would reduce the liability from what it currently is. He's saying that it would eliminate the theoretical liability of 42 trillion from consideration, as anybody with any sense should recognize.

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Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19 Empty Re: Kaperoni: "That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion" 10/16/19

Post by browneyes8011 on Wed Oct 23, 2019 12:59 pm

Pardon me.... but did you just say that I have no sense?  He is in fact stating that the liability will be reduced, both theoretically and literally with existing money supply.  You can't have one without the other!  I am NOT saying that there will or will not be any form of revaluation, float or hard, near future or 100 years from now.

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