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The Lop Thread

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raidernick
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Post by lrhoads57 Fri Feb 10, 2012 1:16 pm

Here Lies the LOP Thread

CapnJerry, Therealbutterfly and The GreenLight you people have your own thread now! Have a Great Time!

This is a new thread just for you!

Sorry Mods! I had to do something! You can Delete this if you want!

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Post by LookingAtTheHeavens Fri Feb 10, 2012 1:32 pm

It won't work. Like you could ever convince them or persuade them to not post their theories wherever they want. They believe they are helping people, but ironically they are the biggest pumpers on the site. If you go by what they say, then you better sell your house, your car, and maybe commit some serious crimes to be able to buy enough Dinar to make any sort of substantial profit. Those of you that want to help churches and charities better hope you can figure out a way to buy a million dollars worth of Dinar, because otherwise you won't be making anything off this. If you have only 100k like most of us poor people then you are most likely going to lose money if not make MAYBE 100 dollars after a year or so.

Some people actually believe politicians when they talk. Most of us are smarter than that, but that is why there are only a few of them that actually believe in a lop. Just let them be and ignore them. When this RV happens you won't ever have to hear that theory ever again and you can feel vindicated knowing that you didn't have to suffer or stress thinking about such a dark scenario. Stay positive and keep your head up lrhoads57. We are blessed and all that matters is that you believe it.
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Post by Terbo56 Fri Feb 10, 2012 1:36 pm

Here we go with the LOP theory again- Give it up already- This has been hashed over so many times you could feed Kenya with it-
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Post by DTConcerned Fri Feb 10, 2012 1:42 pm

I am curious if those propogating the lop theory are getting paid to put out smoke and misinformation?

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Post by Terbo56 Fri Feb 10, 2012 1:48 pm

Would not surprise me one bit- They need a better hobby-
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Post by sono Fri Feb 10, 2012 1:51 pm

The Lop Thread 437791839 Can you explain in a nutshell for all of us novice's out here just what the LOP theory is? I would greatly appreciate not having to hash through all of the threads for the the education...thank you very much for all of your help!

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Post by lexknight Fri Feb 10, 2012 2:02 pm

Can someone just "LOP" the whole idea of the Lop... Please... Thank you... LOL

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Post by Terbo56 Fri Feb 10, 2012 2:06 pm

Lexknight- Thankyou,thankyou, THANKYOU!!!
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Post by Kevind53 Fri Feb 10, 2012 2:24 pm

Here ya go .... The Lop Thread Shears11
LOP!

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 The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865
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Post by Terbo56 Fri Feb 10, 2012 2:26 pm

Kevind53- Only you- I was thinking more along the lines of bolt cutters-You know, the 350,000 volt kind?
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Post by lrhoads57 Fri Feb 10, 2012 2:28 pm

@DTConcerned wrote:I am curious if those propogating the lop theory are getting paid to put out smoke and misinformation?

I'm With ya on that statement! I think you are correct!

I'm sure they are good people, I'm just tired of the LOP talk! they have the right to there own Idea on this investment. There has been alot of good discussion on the Dinar today on several threads and '"WAM" all of a sudden we get bombarded by the Lop scenario that ruined it for me! So I made them there own thread!

I left the Get Team for that reason! Now it is following me! Lol Mad

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Post by Terbo56 Fri Feb 10, 2012 2:36 pm

I believe a few of us on this site need a few :drunken: :drunken: -


Last edited by terbo56 on Fri Feb 10, 2012 2:37 pm; edited 1 time in total
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Post by Kevind53 Fri Feb 10, 2012 2:40 pm

Hmmm I got a set of them around here somewhere ... after all I WAS an electrician for 30 years ... Ah yes, here they are only good to about 50KV though ...

The Lop Thread 50kv10

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"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865
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Post by Terbo56 Fri Feb 10, 2012 2:43 pm

Thanks- Those WILL do just fine!!Laughing lol! The Lop Thread 949729897
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Post by LookingAtTheHeavens Fri Feb 10, 2012 2:45 pm

None of those are good enough to handle this problem.

The Lop Thread 2iawfid

Here you go. Twisted Evil
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Post by Terbo56 Fri Feb 10, 2012 2:49 pm

Now, That's ONE bad arse lop destroyer- Why in Sam hill didn't I think of that? NIIIICE!!
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Post by Kevind53 Fri Feb 10, 2012 2:56 pm

New brand on me ... must be it's not imported to the US yet?

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"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865
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Post by Terbo56 Fri Feb 10, 2012 3:01 pm

Could be a Canadian make, or even a Swedish company-As I remember, the old McCullochs were that color,although I could be wrong about the make of saw- Looks 2 have a 16 to 18 inch bar on it-
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Post by CaptnJerry Fri Feb 10, 2012 3:03 pm

Call me old fashioned, but I'd just rather have a Husqvarna!!!

The Lop Thread JT2

CJ

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Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


The Lop Thread Animated-smileys-leisure-013 Come on RI/RV!
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Post by Kevind53 Fri Feb 10, 2012 3:05 pm

I looked it up online, I THINK it's German ...

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 The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865
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Post by Terbo56 Fri Feb 10, 2012 3:06 pm

You could cut a bookcase in a tree with that [email=badboy-Holy#%@$affraid What size is the bar, about 38- 40 inches?The Lop Thread 3079029344
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Post by Kevind53 Fri Feb 10, 2012 3:08 pm

@CaptnJerry wrote:Call me old fashioned, but I'd just rather have a Husqvarna!!!

Now your talking ... I majored in Forestry at school many moons ago, and have used a lot of brands, Husky and Jonsered have always been my faves ... That's quite a bar on there ... way more than we need here in the NE.

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"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18

 The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865  The Lop Thread 2805820865
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Post by Terbo56 Fri Feb 10, 2012 3:12 pm

My favorites, too- You can't be those 4 dependability and longevity-The best saws in the business-:cheers:
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Post by LookingAtTheHeavens Fri Feb 10, 2012 3:12 pm

I was just trying to find a big pic of a chainsaw so I skipped a lot of brand names. It doesn't matter though, CJ is definitely winning so far! Laughing
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Post by Terbo56 Fri Feb 10, 2012 3:12 pm

Roger that, BIG time!!
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Post by DTConcerned Fri Feb 10, 2012 3:13 pm

This is my opinion of the Lop Theory and this is only my opinion:

Pricing from Dinar Banker
Iraqi Dinar Featured Prices & Offers
1 Million 25k notes - $1,180 per Million
5 Million 25k notes - $1,170 per Million
10 Million 25k notes - $1,150 per Million
50 Million 25k notes - $1,130 per Million
1 Million 10k notes - $1,240 per Million
1 Million 5k notes - $1,260 per Million
1 Million 500 notes - $3,100 per Million
1 Million 250 notes - $3,500 per Million

You can look at other selling sites and there is about the same price scalling for smaller denomination Currencies.

Now there are different flavors to the lop theory,
First the basic lop, just move the decimal place over three digits on all currency 25,000 note gets valued at 25 only and on down the line so 250 note is valued at 0.25
Second and third lop theories, they are only slashing the 0's off the three 0 notes(third excludes the 1,000notes) so 25,000 becomes 25, but the 500 and 250 (and for third theory 1,000) notes retain thier full value
and can not leave out the forth Lop theory, similar to the first, all "old" currency is going to be moved over three digits and they will replace it with new currency, but youhave to be in country to exchange it at their banks for the new currency.

The LOP is a real concept with currency. When a country has the value of their currency plummet to extreme low levels because they do not have an economy to support the currency, lopping zeros off the currency which is followed by a redenomination so that the new currency reflect the true value, makes it so that the people of the country do not need a wagon to carry enough money to buy a loaf of bread. It makes it so that the paper and coins are not worth less then the paper and metal they are printed on. In contrast to this, Iraq has the resources to support increasing the value of their currency significantly. According the Dr. Shabibi, they can support a value of $14.00 per dinar. They just have to get their government and infrastructure as a country back in order.

Iraq just spent Billions on printing the new currency that they currently are using including the lower denominations. Why would they spend more money on the ink and paper to print a note then the note was going to be worth? Well they are going to replace the currency over time, but so does every country in the world, haven't you noticed the New US currency? Well for the LOP theory to work, you would have to replace the old currency in a short fixed amount of time and the only place teh old currency woudl be good would be at teh bank to exchange it for the new currency. We have a problem, they have already stated that the new adn old currencies will be in circulation at the same time, if they have different values, I am sure tha twont be confusing to the people? This 250 dinar note is worh 1000 of these 250 dinar notes? So maybe theories 2 and 3, only lopping the three zero notes, except today you can trade a 25,000 dinar note for 100 250 dinar notes, so wouldn't htere be a rush to trade in the big notes for the little notes before the big notes lost their value? They are both in circulation now, you can buy then from traders, but after they do the LOP it will trade 10 25,000 notes for 1 250 note?

Now look at the cost difference between buying a million in 250 notes and buying a million in 25K notes. The traders want you to believe that the three zero notes are going to get lopped, because fear will cause you to spend more on buying the smaller notes. What do you think the traders pay more for the smaller denominations? If you cross the boarder into Canada or Mexico from the US, if you trade USD for CND do they charge you more if you get ones instead of hundreds? But they are getting three times as much money if you buy the smaller denominations, from you. Would it be worth my time to pay someone to post lop propaganda if it could tripple my income? So who do you think keeps wanting Lop stories posted?

LOP propagation says Iraq can not afford to buy back all those Dinars if it revalues. What do you think is in the reserves of every country in the world? Foreign currency, countries prop up the strength of their own currencies by holding foreign currency in reserve. Most of the IQD that left Iraq will not be returning to Iraq, except possibly to exchange old notes for new notes when the time is right. The currency that does go back to Iraq will be exchanged for purchases from Iraq. Bottom line, Iraq will not have to buy any currency back. That is just smoke to get you to believe the bigger lie.

Like I said this is just opinion, so take it for what it is worth. Do your own research and come up with your own opinion.

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Post by Terbo56 Fri Feb 10, 2012 3:17 pm

DTConcerned- Superb information, and to the point- Thankyou 4 that-
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Post by therealbutterfly Fri Feb 10, 2012 3:17 pm

@lrhoads57 wrote:
@DTConcerned wrote:I am curious if those propogating the lop theory are getting paid to put out smoke and misinformation?

I'm With ya on that statement! I think you are correct!

I'm sure they are good people, I'm just tired of the LOP talk! they have the right to there own Idea on this investment. There has been alot of good discussion on the Dinar today on several threads and '"WAM" all of a sudden we get bombarded by the Lop scenario that ruined it for me! So I made them there own thread!

I left the Get Team for that reason! Now it is following me! Lol Mad

Not sure how its 'misinformation' when its just what is reported in the news direct from the CBI for the last 6+ years. All we have done is explained WHAT a redenomination is and how it works. And since its the only thing that the CBI has said they will do, kinda hard to ignore it as a POSSIBILITY. NO where have we said its how it will happen. WE at least are open to the possibility and are prepared. To say it CANT and WONT is flat out wrong and irresponsible. And since NONE of the people that seem to say that will take me up on my guarantee that it wont, I cant rule it out. Now BEAR stated he had PROOF it wont lop but has yet to show it, even tho we have asked for it many times.

I am sorry it 'ruined' it for you. Facts can do that.

Now since this was a thread meant to incite and start problems, I am going to leave it and let those that want to keep it going have fun with it. Peace be the journey

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Post by CaptnJerry Fri Feb 10, 2012 3:18 pm

Gonna talk the talk, gotta walk the walk... The Lop Thread Roflmao

The Lop Thread Thumbnail

CJ

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Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


The Lop Thread Animated-smileys-leisure-013 Come on RI/RV!
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Post by therealbutterfly Fri Feb 10, 2012 3:22 pm

Iraq just spent Billions on printing the new currency that they
currently are using including the lower denominations. Why would they
spend more money on the ink and paper to print a note then the note was
going to be worth? Well they are going to replace the currency over
time, but so does every country in the world, haven't you noticed the
New US currency? Well for the LOP theory to work, you would have to
replace the old currency in a short fixed amount of time and the only
place teh old currency woudl be good would be at teh bank to exchange it
for the new currency. We have a problem, they have already stated that
the new adn old currencies will be in circulation at the same time, if
they have different values, I am sure tha twont be confusing to the
people? This 250 dinar note is worh 1000 of these 250 dinar notes? So
maybe theories 2 and 3, only lopping the three zero notes, except today
you can trade a 25,000 dinar note for 100 250 dinar notes, so wouldn't
htere be a rush to trade in the big notes for the little notes before
the big notes lost their value? They are both in circulation now, you
can buy then from traders, but after they do the LOP it will trade 10
25,000 notes for 1 250 note?


Thats just it, in a redenomination, BOTH currencies DO co-exist for a while, even up to a few years. JUST like in Turkey and Romania (both countries used as examples by Iraq). If you were revaluing, you wouldnt need to have two different pricing in place. You wouldnt need to adjust salaries, budgets, prices, loans, etc.

Feel free to learn more about WHAT a redenomination is and how it works here http://www.unc.edu/~lmosley/APSA%202005.pdf

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Post by CaptnJerry Fri Feb 10, 2012 3:28 pm

DTConcerned - Please go read the following article it explains the process of Re-Denomination and shows an actual example of co-existing currency...

http://dinardaily.forumotion.com/t17481-re-denomination-a-very-real-possibility-and-it-s-nothing-to-be-afraid-of

CJ

*****************
Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


The Lop Thread Animated-smileys-leisure-013 Come on RI/RV!
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Post by DTConcerned Fri Feb 10, 2012 3:35 pm

So by your own link, the reason for a redinomination is hyperinflation, which Iraq is not experiencing. Unlike your reference to both currencies exisiting, Iraq has already been intigrating currency at the same face value, not a replacement value and those are countries that had still collapsing economies, not one that is being rebuilt stronger then it was before. Redenomination is simply an adjustment of name or value, so by definition an RV or an RI or a change in the reference for a currency would be a redenomination. Redenomination is not defined as LOP, and I saw the clip when Dr. Shabibi was asked straight forward "Will there be a LOP." he answerred simple one word and moved on, he said "No." Of course that would be information from CBI, so if you are so on top of things you probably saw the same clip?

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Post by therealbutterfly Fri Feb 10, 2012 3:40 pm

@DTConcerned wrote:So by your own link, the reason for a redinomination is hyperinflation, which Iraq is not experiencing. Unlike your reference to both currencies exisiting, Iraq has already been intigrating currency at the same face value, not a replacement value and those are countries that had still collapsing economies, not one that is being rebuilt stronger then it was before. Redenomination is simply an adjustment of name or value, so by definition an RV or an RI or a change in the reference for a currency would be a redenomination. Redenomination is not defined as LOP, and I saw the clip when Dr. Shabibi was asked straight forward "Will there be a LOP." he answerred simple one word and moved on, he said "No." Of course that would be information from CBI, so if you are so on top of things you probably saw the same clip?

You do understand that contries take their inflation down to near or single digits BEFORE redenominating? Like Turkey and Romania did? Both were around 8 and 9% before they redenominated. You really havent read up enough to understand exactly how the process works or what it even is if you actually say that a redenomination is equal to an rv or ri. I suggest you study more....
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Post by LookingAtTheHeavens Fri Feb 10, 2012 3:43 pm

Even though both of you have chosen to stay so grounded that you have dug a hole into the floor and poured cement around your feet. I know that you both are still wishing and hoping to be pulled from the earth and lifted into the sky. In some ways you will experience a much greater high than the rest of us when this baby pops. None of this will matter soon and I don't think either of you will ever have been so happy in your life to have been wrong. I'm not going to debate the theory anymore, because I'm not a mime and I refuse to push against an imaginary wall. Wink

I will agree with the bottom of your sig though CJ... Come on RI/RV!
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Post by roadkingrider Fri Feb 10, 2012 3:50 pm

Maybe this will help. I have been keeping this email for some time. Long read but worthwhile.
Hi all!
As a result of an email a friend just sent to me, I thought I would repost this again as many people here in the forums as well as in chat
, have been asking where exactly Dr. Shabibi has made an official statement regarding the intentions of an RV.
The first part is a Letter of Intent to the IMF (from 3/3/11).
The second link is a balance sheet flow chart describing how valuation of foreign currency takes place.
The commentary on this is not mine…just the same, I hope all of this is helpful and can be saved as a reference by those who didn’t have this document to date.
Peace to ALL! The Lop Thread Cool
This is pretty clear “revalue the remaining foreign currency” “Diversify currency composition” & “remove exchange restrictions”

Revalue the remaining foreign currency denominated balance sheet items!
COMPONENTS/RESTRUCTURING TO RV
I have reviewed in some detail the requisite criteria for the restructuring and implementation of the Central government investment accounts under the PFM Public Financial management System as mandated by the MOF and coordinated with the IMF & World Bank. The process is somewhat skewed given that the plan methodology is integrated with the Iraq 2011 Budget which as we all know has fluctuated pro forma income and production projections with the contributory oil pricing variable. With these in mind, one should also bear in mind that the Iraq economic policy has experienced delays in their capital budget primarily due to the political uncertainties as noted in the IMF report (noted below).
The key components of production increases, pricing and large investments in the oil infrastructure have reduced the 2011 budget deficit while allowing for an increase in more transparent government finance activities. This trend toward a surplus position in the following years is realistic and will put government finances on a sustainable footing to help rebuild the government’s financials.
I believe that the revaluation we are looking for is more than clearly defined and outlined in the letter of intent to the IMF: “Iraq: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding”

http://www.imf.org/e…/irq/030311.pdf
1.We have worked with IMF staff to complete the review of exchange laws and regulations and are considering measures to remove the identified exchange restrictions on current international transactions.
2. In this regard, we formed a Bank Reconciliation Unit that comprises technical level staff from the banks, the CBI and the Ministry of Finance, and with the assistance of Ernst and Young (who were the agents of the Ministry of Finance in the external debt restructuring process) to: (i) deal with all legacy external liabilities taking into account the government’s actions in the context of Iraq’s external debt restructuring (ii) indentify and propose to write-off non-performing loans to defunct state-owned enterprises; (iii) propose a course of action for other remaining unreconciled accounts; and (iv) after the balance sheets have been cleaned up, revalue the remaining foreign currency denominated balance sheet items.

3. The CBI will follow the guidelines to diversify currency composition and establish an appropriate duration and credit risk profile, and build capacity for risk analysis.
I encourage everyone to review this letter and contrast its content to the economic reality of revaluation as not just a pipe dream but a documented FACT as outlined.
http://www.imf.org/e…/irq/030311.pdf
FOR THOSE WHO STILL DON’T UNDERSTAND
http://help.sap.com/…106/content.htm

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Post by DTConcerned Fri Feb 10, 2012 3:51 pm

LOL, thanks LookingAtTheHeavens.

This would have been a more stimulating debate where I counterring intellectual arguements instead of sidestep attempts to discredit, which pushes me back to wonderring how much is being paid to promote the LOP theory.

Thank you Roadkingrider, but now you are confussing the issue with Fact, lol.


Last edited by DTConcerned on Fri Feb 10, 2012 3:56 pm; edited 1 time in total (Reason for editing : Add a thank you)

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Post by Kevind53 Fri Feb 10, 2012 4:14 pm

Good stuff ... gonna take a while to wade through it all, but it looks very good. :yes:

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Post by CaptnJerry Fri Feb 10, 2012 4:44 pm

@DTConcerned wrote:So by your own link, the reason for a redinomination is hyperinflation, which Iraq is not experiencing. Iraq did experience high inflation as a result of sanctions. That is seen when the government switched over to the new/current dinar with the added 000's from the Saddam era dinars. Re-Denomination is done after the inflation rate is brought down to single digits. Unlike your reference to both currencies exisiting, Iraq has already been intigrating currency at the same face value (Not sure what your talking about there) The new lower denoms or replacement currency as Iraq refers to them, will be the 2nd currency, which hasn't been released into circulation yet. , not a replacement value and those are countries that had still collapsing economies, not one that is being rebuilt stronger then it was before. Redenomination is simply an adjustment of name or value, so by definition an RV or an RI or a change in the reference for a currency would be a redenomination. That would be no. Re-Denomination is the changing of the face value of a note by removal or addition of zeros, not necessarily the inherent value of the note. Redenomination is not defined as LOP, Not exactly, Redenomination: a new unit replaces the old unit with a fixed number of old units being converted to 1 new unit. If inflation is the reason for redenomination, this ratio is much larger than 1, usually a positive integral power of 10 like 100, 1000 or 1 million, and the procedure can be referred to as "cutting zeroes".and I saw the clip when Dr. Shabibi was asked straight forward "Will there be a LOP." he answerred simple one word and moved on, he said "No." Not sure of the video your referring, but in the one below Dr. Shabibi states at the 8:07 mark that "We have decided actually on that and deciding when to implement the removal of the 000's is very soon" Of course that would be information from CBI, so if you are so on top of things you probably saw the same clip? Again, not sure of the clip your talking about. Please provide a link, I would love to see it.




CJ


Last edited by CaptnJerry on Fri Feb 10, 2012 4:46 pm; edited 1 time in total (Reason for editing : Added Video)

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Post by raidernick Fri Feb 10, 2012 5:05 pm

So is Dr. Shabibi a paid LOP pumper since has stated himself that the CBI has decided that there will be a redenomination (LOP) of the currency at some point. In its simplest form a redenomination is done to strengthen a currency’s prestige against other currency and to simplify accounting transactions for the people and the government. To make a statement that presenting a position with regards to a potential LOP indicts someone as a paid pumper show a complete lack of understand of the subject matter. And to call individuals out as they have been in this thread and the action endorsed and encouraged by a moderator as it has just been done (see above) is inexcusable as per the rules set down by this forum. You can’t have it both ways.

It will eventually redenominated, the only question is will there be a change to the exchange rate before that happens?
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Post by therealbutterfly Fri Feb 10, 2012 5:06 pm

Dt, I wish I was paid to talk about it because at least I would be making some money off this thing. LOL!!! I have been in this since almost day 1 and have probably more invested than most people on here. If you think that I enjoy the fact that it COULD lop, you are mistaken. I just dont understand how everyone can say that the articles are smoke and its going to rv at super high rates. The math and the logic doesnt add up. But if it makes you happy to think it, so be it. Thats fine and I dont understand why you get so upset with opposing theories. If you were so steadfast in your thought it wont and cant, then why would you even entertain convo and discussion about it? Why get so upset? If someone had no question about an outcome, I would think nothing would rattle them......

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Post by therealbutterfly Fri Feb 10, 2012 5:07 pm

@raidernick wrote:So is Dr. Shabibi a paid LOP pumper since has stated himself that the CBI has decided that there will be a redenomination (LOP) of the currency at some point. In its simplest form a redenomination is done to strengthen a currency’s prestige against other currency and to simplify accounting transactions for the people and the government. To make a statement that presenting a position with regards to a potential LOP indicts someone as a paid pumper show a complete lack of understand of the subject matter. And to call individuals out as they have been in this thread and the action endorsed and encouraged by a moderator as it has just been done (see above) is inexcusable as per the rules set down by this forum. You can’t have it both ways.

It will eventually redenominated, the only question is will there be a change to the exchange rate before that happens?

Very well said! The Lop Thread 1261280965
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Post by LookingAtTheHeavens Fri Feb 10, 2012 5:16 pm

Please explain what part of the math or logic doesn't add up for you and we can go from there TRB. I am very confident at this point in the RV and I'm willing to discuss it in a most civil manner with no bias or insults to be made. If I could give to those of you in doubt what I feel in my heart then I would, so I might as well give this the best effort I can to quell the flames and soothe the storms in all of our hearts.
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Post by CaptnJerry Fri Feb 10, 2012 5:23 pm

@raidernick wrote:So is Dr. Shabibi a paid LOP pumper since has stated himself that the CBI has decided that there will be a redenomination (LOP) of the currency at some point. In its simplest form a redenomination is done to strengthen a currency’s prestige against other currency and to simplify accounting transactions for the people and the government. To make a statement that presenting a position with regards to a potential LOP indicts someone as a paid pumper show a complete lack of understand of the subject matter. And to call individuals out as they have been in this thread and the action endorsed and encouraged by a moderator as it has just been done (see above) is inexcusable as per the rules set down by this forum. You can’t have it both ways.

It will eventually redenominate, the only question is will there be a change to the exchange rate before that happens?

Thank you raidernick. You actually get it!!! Ilikeyou That's what TRB, Greenlight and myself have been saying for a while...

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Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


The Lop Thread Animated-smileys-leisure-013 Come on RI/RV!
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Post by raidernick Fri Feb 10, 2012 5:33 pm

@CaptnJerry wrote:
@raidernick wrote:So is Dr. Shabibi a paid LOP pumper since has stated himself that the CBI has decided that there will be a redenomination (LOP) of the currency at some point. In its simplest form a redenomination is done to strengthen a currency’s prestige against other currency and to simplify accounting transactions for the people and the government. To make a statement that presenting a position with regards to a potential LOP indicts someone as a paid pumper show a complete lack of understand of the subject matter. And to call individuals out as they have been in this thread and the action endorsed and encouraged by a moderator as it has just been done (see above) is inexcusable as per the rules set down by this forum. You can’t have it both ways.

It will eventually redenominate, the only question is will there be a change to the exchange rate before that happens?

Thank you raidernick. You actually get it!!! Ilikeyou That's what TRB, Greenlight and myself have been saying for a while...

Same as myself. TRB will tell you that months ago she and I would have this same conversation over and over again with members would just didn't understand the basic principle of redenomination.
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Post by CaptnJerry Fri Feb 10, 2012 5:48 pm

Thats why I wrote the Re-Denomination thread and Miske made it a sticky to try and educate people... I guess welcome to the club or since by my join date is much later than yours, I'm the noob!!! Can I join ya'lls club? Lol

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The Lop Thread Animated-smileys-leisure-013 Come on RI/RV!
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Post by Inquisitive one Fri Feb 10, 2012 5:54 pm

For those who do entertain the possibility of redenomination pre-RV, is there any validity to possibly opening a foreign currency account with the Dinar to eliminate the 3-0s issue. On one side it sounds like a great idea but on the other side I am kind of afraid of a bank that isn't insured. Any ideas?

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Post by CaptnJerry Fri Feb 10, 2012 6:02 pm

@Inquisitive one wrote:For those who do entertain the possibility of redenomination pre-RV, is there any validity to possibly opening a foreign currency account with the Dinar to eliminate the 3-0s issue. On one side it sounds like a great idea but on the other side I am kind of afraid of a bank that isn't insured. Any ideas?

A Re-Denomination will affect all notes in the currency. A 000 Re-Denomination would look like this...
25,000=25
10,000=10
1,000=1
500=.50
250=.25
50=.05
I don't see any advantage to opening a foreign currency account, but thats just my opinion...

CJ

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Inspired by Splovengates "Be ready between sunday and monday night, or maybe tuesday or wednesday, could also be thursday but definitely by friday.... probably next week, monday or late tuesday night, wednesday morning to hear the rv and should be cashing in on the following tuesday the 1st part of january or february. Sooner more than later. But no later than the beginning of 2013. Certainly not before then. Until then, let's enjoy the ride!


The Lop Thread Animated-smileys-leisure-013 Come on RI/RV!
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Post by raidernick Fri Feb 10, 2012 6:05 pm

@CaptnJerry wrote:
@Inquisitive one wrote:For those who do entertain the possibility of redenomination pre-RV, is there any validity to possibly opening a foreign currency account with the Dinar to eliminate the 3-0s issue. On one side it sounds like a great idea but on the other side I am kind of afraid of a bank that isn't insured. Any ideas?

A Re-Denomination will affect all notes in the currency. A 000 Re-Denomination would look like this...
25,000=25
10,000=10
1,000=1
500=.50
250=.25
50=.05
I don't see any advantage to opening a foreign currency account, but thats just my opinion...

CJ

Both hard currency and electronic holdings are converted.
makes no difference - when you go to take your money out it will be in the new converted currency.
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Post by Inquisitive one Fri Feb 10, 2012 6:08 pm

:farao: But if you deposit the 3-0 currency into an account it becomes digital, right? scratch

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Post by CaptnJerry Fri Feb 10, 2012 6:13 pm

@Inquisitive one wrote: :farao: But if you deposit the 3-0 currency into an account it becomes digital, right? scratch

Yes. If you open a foreign currency account and deposit 1 million dinar (1,000,000.00) and say Iraq Re-Denominates before they RV your account balance would read 1 thousand dinar (1,000.00)...

Again, that is if it Re-Denominates first...

CJ

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