Chat Room – Excerpts & Highlights
Garmst1411:Bruce actually said he expects it this weekend or before?
WILDFIRE:Bruce said lots of things scheduled to occur around midnight
WILDFIRE:Just thought i would read notes
MacMandeere:Bruce: Excited about tonight. Excited about the ride we are on.
Rhayne:Thanks for confirmation, WF and Mac!
Garmst1411:only going to take one time for one of these gurus to be right…lol.
Rhayne:Exactly!!
MacMandeere:As long as everyone remembers. I called tomorrow!
Garmst1411:Mac- Well hope you are right! Do you have anything to back your prediction?
MacMandeere:experience…. its always been tomorrow for the last 11 months.
Garmst1411:Yosef was very convincing in his intel, even though none of it has come true. Kind of miss him.
Rhayne:Mac is right!
MacMandeere:THe only two points in time that makes any sense to pull the trigger is Fridays after 11pm est, or Saturdays after midnight.
MacMandeere:night WF!
alohadinar:After reading the notes from Bruce’s call my takeaway is nothing has changed. He is as enthusiastic as ever and still almost calling it almost every call!
WILDFIRE:Night rhy , mac
Anonymous:And why would that be macmandeere
MacMandeere:the Sat/Sun is when Forex is fully down. That is the prime time.
WILDFIRE:China mrkt holiday too
WILDFIRE:Poof
Anonymous:That has nothing to do with it Kuwait happened on a Wed, the Yuan happen on a Monday, the Vnd happen on other days
MacMandeere:nope, this is too big
Rhayne:It’s after 11 on Friday right now.
Anonymous: Macmandeere, history does not back your assumption or theory
MacMandeere:you are correct
MacMandeere:its not about history,
Garmst1411:this thang could go at anytime, no one knows!!! just speculation.
MacMandeere:very true. its all a semi-educated guess.
Rhayne:I’ll just be happy WHEN it goes, regardless of who predicted or called it first!
MacMandeere:I was asked my opinion
Garmst1411:Do any of you guys know a banker that know about what we are waiting for?
Anonymous:Macmaneere, that opinion has been spouted in dinarland for years.
Anonymous:Garms yes, and they are waiting also, but have no idea when it may happen
MacMandeere:if the dinar moves up to .01 I will be happy.
Rhayne:I’d happily sell all my currencies for .01, live long, and prosper.
MacMandeere:yes, but they also said that we will go before forex by 10 days too.
MacMandeere:that cannot happen
MacMandeere:forex will have to be changed first, or be down, when we get the go ahead.
Anonymous:the rate can change at anytime of the day, forex does not have to be down
Garmst1411:Mac, so you dont believe the internet is consider private group and we will go with the public?
MacMandeere:correct Garm, that is what I believe.
Anonymous:garms the internet is not a private group, that is TNT that was spouted
Rhayne:I think maybe we’re the informed part of the public and will get to go before the others.
Garmst1411:the internet in itself is a public venue anyway…lol.
MacMandeere:we may be treated differently as a group, but not before.
Anonymous:When it goes internationally it is international for all, not just certain people
Garmst1411:So what about all these so called private exchanges that has taken place already, whales, freinds and family……all false information?
MacMandeere:and the net is two public, like A said.
Anonymous:garms are you serious, you believe that bs, no bank can take in dinar for a asset on its books
MacMandeere:well, that is not really true.
Anonymous:And why would a private person by dinar for a increase value when they can go to a dealer and buy it cheap
MacMandeere:they just cannot have them on the books at the close of business.
Anonymous:I cant believe people fall for all of that
Garmst1411:Anonymous- I do know this, just commenting and asking questions for sake of discussion.
Anonymous:Ok, did not come across like that
Anonymous:macmandeere, then were do they put it at the end of the day, in the closet
MacMandeere:3:45 is coming fast, night all!!!
MacMandeere:someone’s closet
MacMandeere:transfer it to BOC is all it takes.
Anonymous:BOC?
MacMandeere:Bank of China
MacMandeere:we have 4 in the US as of 2010 and one in Canada
Anonymous:It has no value international to do that,
MacMandeere:banks are private corporations.
Anonymous:Again, nobody at that level will purchase dinar at a inflated value, when they can get it in the system for the current price
Garmst1411:If transaction was entered in a trust, this will not show up on the public bank ledger. This is where private side banking or off balance sheet ledgering comes into play. imo.
MacMandeere:They can do it, IF they choose to.
MacMandeere:I gotta get some sleep.
MacMandeere:night all
Anonymous:It seems people are stretching situations so they can believe others have exchanged already, that is not the case, and I will challenge anybody to provide proof, and don’t say they have a NDA because that is bull, because then nobody would of been told
Garmst1411:I agree…Anonymous.
Garmst1411:If scamming,fraud and other crime are being perpetrated on the people with currencies, why hasnt legal authority intervened?
Anonymous:garms because it hasn’t as much as people portray, and in some cases it has been
Anonymous:garms so many say put gurus in jail, really when it comes down to it, they are not breaking any laws, and I don’t blame the gurus anymore, I blame the desperate people that continue to listen and follow, even the ones that on here, admit they have never been correct or right
Garmst1411:If there is money being made as a result of pumping the currencies for profit and this is not true. I feel alot of people will go to prison. Asking for donation under false preteance is fraud imo.
Rhayne:I agree, Garmst. Add to that using internet to commit fraud… penalties get worse!
Anonymous:When a person is making commissions from pumping dinar, that has been addressed by the law, when they pump their opinions to get a emotional following without taking a commission, that is really not breaking any laws
Anonymous:But again, they would not do that if their was not a group of people that choose to follow regardless of the truth
Rhayne:Anon, you make it sound like we drank KoolAid.
Anonymous:Koolaid spiked with something
alohadinar:I agree with Anonymous. Nobody has exchanged, period. Not one true shred of evidence. Just Gurus saying it happened.
Anonymous:The only people that exchanged or the ones that sold their dinar back to a dealer
Garmst1411:see thats the false information that should have a punishment to it.
Rhayne:But if people have exchanged and signed nda, would anyone know?
Anonymous:The possibilities of that happening are not present in the banking system as stated about Rhayne
Rhayne:So what’s your *real* opinion, Anon? Just a bunch of shysters pumping out hopium to the illiterate masses for whatever price clicks can bring?
Anonymous:Rhayne, the acts of people in dinarland to create income for themselves has no bearing on the possibilities of our speculative investment
Anonymous:Does not mean its a scam, does not mean it won/t happen, does not mean it will happen.
Rhayne:The fact that we’re all here, speaks volumes!!
Scarlet:The only thing we have to go on is the fact that a lot of effort has been spent on getting Iraq lined up, and they need to go on the Global Market, and they can’t do that without a globally acceptable currency. That is all we need to look at.
Anonymous:scarlet, that is correct
Scarlet:all this other talk is just xx
Scarlet:and nothing else matters
Anonymous:One of the many reasons, their is possibilities for this investment, and until they fall in line, it will not be let to happen.
Rhayne:Correct. Yet here we all are.
Scarlet:Iraq can hardly exist without global trade
Anonymous:They have global trade, with USD, but cannot grow unless their is global investments in Iraq and until their currency is global companies will not go in there
Scarlet:This is why all the guru predictions are meaningless….and why its not ”going to happen this week end” etc.
Scarlet:Anon, right. No company is going to invest in Iraq without them having a world wide accepted currency……
Scarlet:So the only real questions is………When will Iraq get their XXX together………
Anonymous:To much money was invested in connecting the stockmarket with the US stockmarket system, no reason to do that, if in the future their was not going to be a tradable currency
Garmst1411:china just completed a large housing project in one of the provinces, I wish I could find that news article. Cost was in the billions.
Scarlet:Anon…….exactly. The ISX was a large effort……..why do it to let it just rot…….
Scarlet:Garmst, yes I saw that, it was quite impressive……….very modern
Anonymous:The key will be in Oct, we are not privy to what the AIIB is doing with the IMF, and if that is really the final step we will see. If not, a lot of people again would have been misled by people in high circles
Garmst1411:so china is investing heavily in Iraq, they sent alot of staff there to build that community.
Anonymous:Are people in high circles portray that their somebody important when they are actually just a person givin their opinion or theory
Anonymous:But the way Obo and the US backtracked last year really shows something may be up
Scarlet:Anon, another thing is how long will the IMF just continue to loan Iraq money………there must be a limit to that…….
Anonymous:There are things in play , we are not privy too, in the finiacial world, they know what they are doing
Scarlet:And Iraq cannot continue indefinitely, just getting deeper and deeper in debt to the IMF….
Scarlet:The longer Iraq keeps on borrowing, the longer it will take them to dig out of debt……..that is not a sensible place to be…….
Garmst1411:Iraq has oil and other resources to pay off their debt. Im sure what they have is in the equation for the loan. sounds like collateral loans to me. imo.
Scarlet:Now when those addicted to guruland look at some of these real facts, and think in these lines, they would see thats its stupid to follow that hopium…….
Garmst1411:The usa is 19 trillion + in debt to foreign bankers and we are still protrayed as one of the strongest countries on the planet. And using fiat currency…lol.
Rhayne:Yet here we all are.
Anonymous:There is some much that is not known about the finiacial plans at the IMF level, and political issues of that region that has to be protected and until things and they fall in line it will be held back. regardless of what people say, the IMF, UN, and United States does have major say in when things happen, and most likely it is in the better interest of US interest and region interest that it has to be used as leverage for them to fall in line
Scarlet:Garmst, yes but its just propaganda told by news media. This is what makes us a nation in dire straits………..actually
Anonymous:And until those issues are done, they wont do it so dinarland can become rich
Garmst1411:actually it will stimulate our economy!
Scarlet:We have never been shown the checklist of what all is necessary to let an RV go. May be a long time for all we know.
Scarlet:Garmst, yes it is about rehydrating the economy worldwide, and here
MajorX:I definitely see this RV unfolding, but there is no check list because it’s a slow process, and we’ve been in it for a while. What most of us are concerned about is exchanging our foreign currency for a profit. Yes this will occur, but I don’t see it occuring the way the “gurus” claim with all these outrageous rates.
The public will get a different rate from those that participated privately…. the private groups. The private groups will get the contractual rate, the public will receive most likely the international rate with zero’s removed.
No one dares to bring this up, but that is how i see it unfolding. THere will not be millions of overnight millionaires, unless ur in a private group.
Scarlet:The econ is now so dead, that it needs a quick start kick in the ass. Money needs to be spent for that to happen, and they ought to know y’all will prolly spend it all……….
Scarlet:MajorX, the zero’s from mycurrency are impossible to erase…….they are printed in words……..just the rate may be rather low for the public
Dragonfire:One rate for all, remember contract rates was another tony creation
Dragonfire:As was 800# and redemption centers
Scarlet:Private groups were contracted at a particular rate, it was not a tony creation.
Dragonfire: Scarlet, any evidence
MajorX:Tony TNT has nothing to do with private groups, his job was to prevent many from participating…. and he succeeded
Scarlet:One group I am in talked about contract rate, and that was long before tony ever showed up………thats howI know
MajorX:contract rates are private rates…nothing to do with international rate for the public.
Scarlet:MajorX, yes that is true. Public or intl rate may likely be different
Scarlet:but not a lot, I don’t think…..?
MajorX:just because your IQD says 1000 000 on it, does not mean they can come up with some way of just giving us the international rate, say 3.71 with 3 zeros removed….
MajorX:can = can’t
Anonymous:Yes there is, go read the IRaq banking laws, I believe 24-28, they have the option to not honor any dinar outside of Iraq.
Anonymous:Now, I don’t believe the IMF and other indentities would allow that to happen, but they do have that option
Scarlet:Anon, Iraq will honor dinar outside their country, if they want to do global business…….
Dragonfire:Iraq already does global business in usd
MajorX:yes, I meant that iraq could just pay rate with 3 zeros removed….
Anonymous:Yea, they could honor lower demons that will be but into system world wide but they don’t have to honor the current dinar
Scarlet:Iraq must use just one currency, the dinar. So they will have to honor their own currency
Dragonfire:Says who?
Scarlet:MajorX, Iraq is not paying us for our dinar. It will exchange here in the u.s. and then be used to purchase goods from them, and thats when it will circulate back to Iraq, in payment for those goods.
Scarlet:Economy is about money circulating.
MajorX:Scarlet, I pray you are right…. if that were true, then why the need for private groups and private rates?
Dragonfire:Dinar is not a reserve currency, so they will still trade in usd internationally anyway
Anonymous:scarlet , don’t believe that dinar will go back. It will be destroyed, but not going to go into that discussion
Scarlet:Part of the IMF ”rules’ for their Monetary Reform is that Iraq must have their own single Sovereign currency.
Scarlet:That was ”published” several years ago stating so……..
Anonymous:scarlet that is true, but trade in the world is done with USD,
Dragonfire:Did the imf stipulate a rate they must have too?
MajorX:all we care about is what we will get at time of exchange….
Scarlet:Anon, the days of USD being the global currency are coming to a close
Anonymous:So they can have there own currency but still do trade with USD as many other countries do now, and why china has pushed to become a reserve currency that could be used too
Anonymous:Dragon no they have not
Scarlet:Dragon, no Rate has ever been quoted, officially………
Dragonfire:Things are working ok for them now, they is why there is no urgency for an rv
Anonymous:Lets play devils avocate, Iraq is a exporting country it is in their better interest to keep a low currency like china, like Vietnam for trade purposes.
Scarlet:Dragon, Iraq is slated to go on the Stock Market though. Its a huge part of the Monetary Reform and growth. So they must get a revalued international rate for that to happen
Dragonfire:Will their stock market only trade in iqd?
Anonymous:scarlet, no they don’t, they need to get a international currency , the rate can stay the same, the vnd has been valued for over 40 years and they are still surviving
Scarlet:If american dollars are used to purchase stock on the Iraqi Exchange, it will have to first be exchanged into dinars…….
Anonymous:with over 40 trillion in circulation , they cannot support a high rate, either, that dinar will have to be removed, or the calculations do not work out
MajorX:I don’t think this is about any one particular country anymore, we are now global, and the process is global… it all has to go simultaneusly
Scarlet:when we bought bicycle wheels made in germany, our dollars had to be exchanged to German Marks first, then the company got paid in Marks…..
Dragonfire:Their market can reflect stock prices in usd if they want
Scarlet:But you see how that company dealt only in Marks……..
Scarlet:In fact we got email the other day from that german company, and we sent pics of the bike with their wheels on it, and they were elated to see that….
Dragonfire:Its up to the company or country to determine what currency they accept
Scarlet:Dragon, they did not accept american dollars, it first had to go through that exchange TO Marks…………..see what I’m saying?
Dragonfire:That german company could hold usd in a multi currency account for their internation purchases…its up to them
Dragonfire:The point is they can accept usd if they choose to
Scarlet:Imagine if you will, a company in Iraq at the end of the day having to sort out currencies from 40 different countries……..what a pain that would be……….see?
Dragonfire:Exactly, thats why they trade in usd
Anonymous:Companies, have the option to accept payment in any currency they choose to accept.
Dragonfire:The buy and sell in the same currency
Anonymous:In most cases , USD is used worldwide,
Scarlet:Dragon, you aren’t seeing things here…….are they going to sort out all diff currencies from 40 different countries? Each country is going to have to have their currency exchanged for dinar, so the company only has to deal in one currency……
Anonymous:Yes, there is a push to use other currencies, but the USD is still dominate in transactions
Scarlet:Look, the USD is no longer going to be the world reserve currency anymore
Dragonfire:Scarlett, people will send them usd
Scarlet:This is changing
Anonymous:scarlet, companies have been accepting different payments for years, nothing has changed
Scarlet:Anon, not really so. The currency gets exchanged to the currency of that country, thru a bank, which is not real obvious
Anonymous:scarlet, the USD will always be a reserve currency, as for as the dominate one, that is left to see what happens and only speculation of what will happen
aremel:Ok … so I am gone for a day and we devolve into people who talk about money? Oh the horror! (rofl)
Dragonfire:Scarlet, iraq will hold the usd they receive to facilitate their off shore purchases
Scarlet:Like the price of the wheels was xxxMarks which is equal to xxx dollars……they werent the same numbers………so they got exchanged at a bank as we used a credit card……then was given to the company in xxx Marks
aremel:Hi guys
Scarlet:They also minused the tax, because we weren’t citizens of their country. Only citizens pay their national tax, as we do not use their resources like roads etc
Dragonfire:I buy good from china and japan in usd now..nice and simple. I dont care what they do with after that
Anonymous:Let’s think about why it’s very unlikely for the renminbi to replace the dollar anytime soon. China Has a Massive Trade Surplus When we talk about the US dollar being the world’s reserve currency, what we really mean is that the bulk of global trade is denominated in dollars.
And yes, China is doing one bilateral agreement after another in order to trade in its own currency. Any country that does a great deal of trade with another country can create a bilateral currency agreement to be able to trade in a particular currency, but the great bulk of global trade is still in US dollars.
And you are not going to see Mexico, for example, wanting to take the renminbi for its sales of products to Great Britain. Mexicans want dollars they can readily convert back to pesos. For a country to deliver the currency in which most global trade is done, it must supply that currency “in size” to enable the trading.
The United States runs a massive trade deficit, pushing dollars all over the world to circulate among the economies of other countries. China, by contrast, has a trade surplus. It is taking in dollars and many other currencies although it does run trade deficits with some countries.
But it is going to be a long time before China runs a net trade deficit. A long, long time. An extraordinarily long time. That reality makes the reserve status of the renminbi a moot point as far as I’m concerned because the renminbi is not going to come close to figuring into any of my transactions and investments, even those that are of the very longest term.
Scarlet:Dragon, no you only send $$$ but it gets exchanged into Yuan or whatever their currency is………then the company you purchased from received nothing but Yuan.
Dragonfire:They would most probably hold the usd to support their international purchases
Dragonfire:They dont need to convert it back to local currency
Dragonfire:Unless they want to…it is their choice
aremel:If Walmart takes it, I’ll carry it.
Scarlet:citizens in china have yuan in their pockets. The small merchant selling you something wants yuan, that is their own currency
Dragonfire:Maybe…maybe not…they have a choice
Aremel::Walmart pays in dollars, but when it reaches the bank there, it gets changed into yuan. That is what I’m saying. And thats why Dinar will be the currency Iraq will use
Dragonfire:Large companys normally hold usd in their accounts
Scarlet:Dragon, were you a born arguer, or do you just love to argue……….or do you just want your own way…….
Dragonfire:Companys run foreign currency accounts
Dragonfire:Scarlet, i have done this for a living
Scarlet:because dragon, you missed the Point long ago……….
Dragonfire:I am waiting for you o make a valid point
Scarlet:Dragon, well things are changing. Many countries have already begun refusing to even take dollars……….and that seems to be the mode of this era…….
Scarlet:dragon, you already missed the point and no you dont know what all happens between ”here and there”
Dragonfire:The point is that iraq doesnt need an rv to trade internationally
Dragonfire: They already do
Scarlet: Iraq does not trade in dinar……..they have been using dollars, but they are going to have to have just one country currency
Anonymous:That is correct dragon, but to grow they need foreign companies to invest and grow, and those companies will not procede until their currency is tradebale
Scarlet:otherwise, why has the world spent somuch time on them, to get them up to snuff with the world………
Anonymous:Scarelet that is correct for internal Iraq, but they still do trade with USD and other currencies, just like countries that have eruo still trade with USD
Anonymous:One of the requirements of Article 8 is to have one currency in use in country, that has nothing to do about world trade and what they use for that
Anonymous:The petro dollar is still in place, and to do trade USD is what is used.
Scarlet:Anon, yes and for a small Iraqi manufacturer ordinary person, they get paid in dinars
Scarlet:That is why they have had Auctions, for banks to give dinars for dollars or vice versa……
Scarlet:its at the banks that money gets changed
Anonymous:In most parts of Iraq, the dinar is not wanted, they want USD, they want nothing to do with dinar
Scarlet:Anon, but that is what is changing……that will be part of their Monetary Reform…….
aremel:No one knows what WILL be until what WILL be … IS.
Scarlet:besides, countries are catching on, the dollar is fiat and they dont want to take it so readily anymore…..
aremel:Everyone is guessing … and I mean everyone.
Scarlet:speak for yourself…….
aremel:I just did
Scarlet:I do lots of research and keep up with the times and world affairs to a great degree……….it is changig, and countries don’t want our Fiat
MajorX:What good is all this knowledge … the question is are you in the public arena or the private …. one will get you the full feast, the other just the crumbs.
Scarlet:lets not wave the red white and blue cause we live here……..it is what it is
aremel:Until there IS a change it is just so much blah blah blah. All hyperbole, no facts.
aremel:Just a lot of parroting what someone else who is guessing said.
Scarlet:I only do facts……and Im not your teacher………for free……..lol
Scarlet:go do your own homework and when you have learned something then you are fit to discuss
aremel:To be the teacher one must be greater than the student … nes pas?
aremel:Keep studying dear heart.
aremel:You aren’t big enough to use the big girl chair yet.
Scarlet:people who dont know anything are just too lazy to learn anything, too much work for them, so they think they can insult their way to …..nowhere….
Scarlet:typical….
MajorX:Glory Glory
aremel:Ok … you win. You are a genius and we are all stupid.
aremel:None of us deserve to be in your presence.
Scarlet:anyhow I think everything is in the process of unfolding ……..
MajorX:no kidding
aremel:You just accused someone of being argumentative and if that’s not the pot calling the kettle black … All you ever do in here is argue! Ok I am done with you. I release you back into your own little world where you are the only thing of value. Blessins.
Scarlet:like we are in the middle of a hurricane ……..prolly gonna leave a lot to clean up and get to normal…..
Scarlet:sort of like doing laundry…..you wonder if the stains will come outta yer shirt and wont know till it is at the end of the cycle and ya take a look……
Mikey:Well Scarlet since u know so much about currency u must know that the dinar&dong is backed by USD and if the dollar fails so will the D&D
Scarlet:mikey, sheesh the dollar doesn’t have much of anything backing IT, thats why its called Fiat. Not so with dinar and dong….
Scarlet:Iraq has gold to back dinar……..while we have an empty Ft. Knox
Anonymous:the dinar is fiat also
MajorX:it’s all fiat
MajorX:OMG
MajorX:now we got you scarlet
Anonymous:scarlet, the dinar is not gold back
Scarlet:so you think Iraq has been hording gold…………….for what
Scarlet:and china hording gold……….for what
MajorX:at this moment, it’s all fiat….
Anonymous:they can hord all they want , the dinar is not gold back , it is fiat, there is only one series of dinar that is gold backed and not to many people have it
Scarlet:they have not been revalued yet………..then still the usd is backed by an empty ft. knox
Anonymous:scarlet, please you sound intelliegent, unless you have prove and not hearsay, the claim that ft. know is empty is just conspiorcy talk
Scarlet:when dinar and dong get revalued, that dinar will be gold backed, along with other assets
MajorX:yes, but that is NOT what u originally said
Anonymous:scarlet, please don’t make assumptions, nobody knows what will happen
Scarlet:Anon, well it has been highly publicized and dont you wonder why nobody has been allowed inside the Fort for soooo many years?
Anonymous:It has been highly publicized on conspiracy sites
Scarlet:If they show me inside Ft. knox, then I will believe there is still something there…….otherwise its empty as far as I’m concerned
Scarlet:I dont go to conspiracy sites……….
Anonymous:Then what site has put that out that your referring to that is factually based and not hearsay or conspiracy talk
Scarlet:Anon, just various times I’ve seen it over many many past years, it crops up once in awhile……….dont recall right now, been awhile
Scarlet:also its very strange that NOBODY ever mentions ft. knox anymore, not for decades now……….why is that
aremel:Somebody call Major General Christopher P. Hughes to get her a tour of the Gold Vault at Fort Knox.
Anonymous:It is articles written by theorist, nothing to back it but assumptions
Mikey:Iraq has about 90 billion tonnes of gold which isn’t hardly any in the currency world
http://www.tradingeconomics.com/iraq/gold-reserves
Scarlet:Mikey they are a small population country though…..
aremel:mikey, I will take just 1 ton of gold and toddle off on my merry way with smiles for miles.
Anonymous:The US has 8133 metric tons and your saying Iraq has 90 billion tonnes
Scarlet:that is a LOT of gold………depending on the going price how much it is
Scarlet:Anon, that number is just what we are told…….when did our gov ever tell us any real truth……
Admin:we had another great day in chat
aremel:Do I have to use different wrenches on Metric Tonnes than I do on Standard Tons?
Anonymous:That link says Iraq has 89.92 tonnes, not BILLION
MajorX:Today is a lunar eclipse full moon
MajorX:nobody has billions of tonnes,
Mikey:one ton of gold is worth 56 million USD so no it’s not a lot of gold for a country that has 90 trillion dinar http://www.tradingeconomics.com/iraq/money-supply-m2
aremel:Mikey that seems very low
Anonymous:mIKEY you said billion, why play with words
aremel:Is gold at about 1250 per ounce right now?
Mikey:Sorry Anon that’s what I meant I was looking at the dinar when I put billion
Mikey:Here’s the link aremel
http://www.businessinsider.com/this-is-what-315-billion-worth-of-gold-looks-like-2012-12
Anonymous:Well 2,880,000 oz of gold will not back at any value over 40-60 trillion in dinar in circulation
aremel:ty Mikey
Scarlet:Anon, I dont think all dinar will be exchanged…..honestly
Mikey:Here’s all the economic knowledge of every country
http://www.tradingeconomics.com/iraq/indicators
aremel: $1,317.20 as of now.
Scarlet: or else private groups at first, then maybe see how much comes in, then maybe low rate for public……..i dunno…..just sayin’
Mikey: Even if half of the dinar is traded thats still 45 trillion dinar The USD has 12 trillion in service It doesn’t make any sense a RV of Iraq It is a failed country period
Mikey: If u really believed I meant 90 billion tonnes of gold no wonder you believe in this fairy tale anon I gave the link to show what I meant
Anonymous: WEll that amount of dinar cannot back the dinar as gold backed.
Admin: thanks for a great day in chat!
http://realcommunityengagement.com/
