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Guru Pimpy: "lopping the zeros off the currency -bad. Removing it off the rate - good" (Earth Calling Pimpy... LOL) 6/21/21

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Post by RamblerNash Mon Jun 21, 2021 9:56 pm

Guru Pimpy  

Article:   "Al-Kazemi's financial advisor:  Deleting three zeros from the currency is an option"   Every six months or so this gets brought up and everybody gets in panic mode...he didn't say they're gonna do it.  It's an option.  They did 5 years worth of study.  You know what they found out It's not doable.  It affects the poor too much...they already devalued the currency, now you're talking about lopping off the zeros?  So 10,000 dinars becomes 10 dinars...lopping the zeros off the currency -bad.  Removing it off the rate - good...if they lop off the zeros people would lose confidence in their currency.  You would get pissed off people from countries all over who have invested into the currency...

Look they talk about this all the time.  People always get their panties in a wad.   They talk about this but there's already been a ton of studies that say this would be big.  This would be bigger than when they devalued the currency in the first place.  Are they going to do it?  There's no way to tell.  Most likely not.  That doesn't mean I'm right.  It's my opinion...this would be yet another huge blow to the currency itself.  People would lose faith in it...they bring this up at least once every six months...everybody goes up in in arms.  Everybody panics...watch what they do, not what they say.
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