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4-16-2013 *Med

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4-16-2013 *Med

Unread postby Vixen » Wed Apr 17, 2013 7:51 am

4-16-2013 *Med ~THERE IS NOT ONE STATEMENT THAT I MAKE THAT I CANT BACK UP WITH ACTUAL EVIDENCE. ONE OF THE REASONS FOR THE CENTRAL BANK TO CHANGE THE CURRENCY WAS TO REDUCE LIQUIDITY...HAVING 30 TRILLION DINAR FLOATING AROUND IRAQ IS ALLOT OF PAPER. THEY WANT TO REDUCE THE AMOUNT OF PAPER THAT HAS TO BE CARRIED TO MAKE TRANSACTIONS WORK MORE SMOOTHLY. NOW THAT BEING SAID, WHY...WOULD IRAQ ALLOW ANY INCREASE IN THE DINAR THAT AT THE SAME TIME WOULD PUT JUST AS MUCH LIQUIDITY BACK IN CIRCULATION. WHAT I AM SAYING...IS THAT THEY WILL GET ONE FOR ONE WHEN THEY DELETE THE ZERO'S. HOW COULD IRAQ AFFORD TO COVER IT? NO ONE COULD COVER 35 TRILLION IN ANYTHING IF THEY GIVE THE RV TO THE PEOPLE OF IRAQ. IT DEFEATS THE ENTIRE PURPOSE. THERE IS ABSOLUTELY NO WAY THAT THE CENTRAL BANK CAN COVER THAT KIND OF SCENARIO. NEXT, THERE IS NO SCREEN RIGHT NOW SHOWING AN EXCHANGE RATE. NONE. THE RV IS NOT SITTING RIGHT NOW AT THE BANK. BY LAW ONCE A CURRENCY MAKES A CHANGE THAT BANK OR INSTITUTION WHICH WOULD BE ALL BANKS AND CU'S HAVE IT TRANSMITTED BY CORPORATE TO ALL THE BRANCHES. IT IS THEN IMMEDIATELY AVAILABLE. THIS ISNT SOMETHING MADE UP, IT IS FACT. THE BOTTOM LINE ON ANY CURRENCY AND ITS STRENGTH IS - IT IS ONLY AS STRONG AS THE GOVT THAT BACKS IT. NOW MANY ON HERE GOT INTO A FRENZY...WITH THE PROMISES OF IT BEING SO CLOSE OR RIGHT AROUND THE CORNER. IT IS NOT. IT IS WITHIN MONTHS. BUT TO ME THE EARLIEST IS JULY. I KNOW I AM A BIT BORING AND CONSERVATIVE BUT I WILL BE *** IF I AM GOING TO GET EVERYONE IN A FRENZY THINKING IT WILL ALL BE JUST ABOUT TO RV WHEN NO FACTS ARE THEIR TO BACK IT UP.
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