PLEASE THROW MORE THAN A SHOE AT MALIKI.

by Angustura Mon Aug 29, 2011 8:08 am

I WONT SAY WHAT TO THROW YOUR CHOICE.WILL THEY PLEASE THINK OF THERE OWN PEOPLE FOR ONCE. AND NOT THERE POSITION.SOUND FAMILIER? ONLY THAT THERE PEOPLE HAVE VERY LITTLE WATER,STAND IN LINE FOR A SINGE MEAL A DAY.SIT IN THE DARK WHILE THER CHILDREN PLAY WITH DIRT.WHEN WILL THEY FINALLY QUIT THERE BICKERING AND HELP THE PEOPLE OF IRAQ.I CONTINUE TO PRAY FOR THEM AND HOPE YOU WILL TOO.GOD BLESS THEM AND R.V SOON. {ANGUSTURA :(

by scaramouche Mon Aug 29, 2011 8:17 am

In view of such a situation, doesn't it seem ludicrous that we dinar investors are sitting around waiting for this poor country to open their coffers and pour out treasure into our hands for exchange of the pretty paper we have sequestered in a safe place? In the natural, this revaluation makes no sense. If countries could increase the value of their currency at will. chaos would ensue.
If it occurs, it is a mighty move of God

by Brian108 Mon Aug 29, 2011 11:01 am

scaramouche wrote:In view of such a situation, doesn't it seem ludicrous that we dinar investors are sitting around waiting for this poor country to open their coffers and pour out treasure into our hands for exchange of the pretty paper we have sequestered in a safe place? In the natural, this revaluation makes no sense. If countries could increase the value of their currency at will. chaos would ensue.
If it occurs, it is a mighty move of God

Have to say I think the same thing many times. Why would CBI sell dinar today and then buy it back tomorrow at 1000's of times the price? It surely makes no sense to me. It begs so many questions. Like if all the Iraqi's wealth increased 1000's of times overnight wouldn't they all want to retire? Who would do the work? Imported labor from Pakistan? But I like the post a while back which said worst case is we get about 3x on our investment if 3 zeroes removed and them rv'd to $3.68. But I keep hoping my doubts are wrong and this truly is the "investment of a lifetime" and we do a lot better than that!

by me2 Mon Aug 29, 2011 11:06 am

Brian108 wrote:
scaramouche wrote:In view of such a situation, doesn't it seem ludicrous that we dinar investors are sitting around waiting for this poor country to open their coffers and pour out treasure into our hands for exchange of the pretty paper we have sequestered in a safe place? In the natural, this revaluation makes no sense. If countries could increase the value of their currency at will. chaos would ensue.
If it occurs, it is a mighty move of God

Have to say I think the same thing many times. Why would CBI sell dinar today and then buy it back tomorrow at 1000's of times the price? It surely makes no sense to me. It begs so many questions. Like if all the Iraqi's wealth increased 1000's of times overnight wouldn't they all want to retire? Who would do the work? Imported labor from Pakistan? But I like the post a while back which said worst case is we get about 3x on our investment if 3 zeroes removed and them rv'd to $3.68. But I keep hoping my doubts are wrong and this truly is the "investment of a lifetime" and we do a lot better than that!

At this point I would be happy with 3X.

by 1alaskan Mon Aug 29, 2011 1:36 pm

Brian108,

Go back and read about Kuwait, ON the day they RV'ed, they had a auction, said there would would be no RV and then in the afternooon, RV'ed,

Go figure?
Rantings from just north of 60

by Brian108 Mon Aug 29, 2011 2:19 pm

1alaskan wrote:Brian108,

Go back and read about Kuwait, ON the day they RV'ed, they had a auction, said there would would be no RV and then in the afternooon, RV'ed,

Go figure?
Rantings from just north of 60

Okay thanks. First post in google search is:

http://articlesofinterest-kelley.blogspot.com/2011/01/kuwaits-revaluation-brief-history-what.html

Kelly says here: "7. People who had bought the Kuwaiti dinar for .05 - .10 cents walked into the banks that very day and exchanged / deposited for $3.64+"

So that means about a 30-60 x increase in Kuwait. The Kuwait RV was rushed through quickly so I assume very few people got in on it. For Iraq we're talking an increase of 4000 or more times. Two orders of magnitude more. And this has been promoted for years so the cost to CBI will make the Kuwaiti RV look tiny by comparison.

PLEASE THROW MORE THAN A SHOE AT MALIKI.

PLEASE THROW MORE THAN A SHOE AT MALIKI.

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