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Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20

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Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20 Empty Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20

Post by RamblerNash on Thu Mar 05, 2020 9:31 pm

Adam Montana  

[A continuing concern for me with this investment is that there are trillions of dinar in circulation internationally, and for an RV or RI to occur, at any value above about  $.01, would seem to bankrupt Iraq, irrespective of its oil and other resources. ...I hope I'm missing something in this equation.]   ...The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply.  For this reason alone, it simply does not need to make financial sense to RV. ...Iraq doesn't need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is "will it sell" - and, it will.


3/5/20
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Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20 Empty Re: Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20

Post by Sam I Am on Fri Mar 06, 2020 9:24 am

The dinar is pegged to the US dollar.  As a pegged currency, just like the currencies of all of the oil producing Arab nations, it must maintain a certain ratio of foreign currency reserves to money supply.  Iraq's policy has always been to back their money supply at or near the USD value of the FCR.  Currently their FCR is around $65 billion, while their M1 money supply is around 85 trillion.  If you divide $65 bl by 85 tr you get a value of about $.00076.  So you can see that the IQD's current valuation of $.00085 is actually higher than it should be based on the 100% backing policy.  Adam Montana is a lying dinar douchebag.  He's a fraud, a con artist named James Wolf who used to run an adult humor website, and is not to be trusted.


Last edited by Sam I Am on Sat Mar 07, 2020 2:57 pm; edited 1 time in total

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Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20 Empty Re: Adam Montana: "The only thing that matters is "will it sell" - and, it will" 3/5/20

Post by Tinef on Fri Mar 06, 2020 10:04 am

Parity, wtf ? 

.. like, the state or condition of being equal, especially regarding the GOI status, stability & economic status, that parity?
 
Without US support & the program rate, it's likely the IQD would look more like Venezuela's bolivar (VEF).  


Adam, stick to some global economics you do know , like the cost of a neighborhood dime-bag or how many 30 mg's of percocet can you buy off the street for $100.   

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