Thread: Are we being manipulated?

I am an extreme fan of (almost) everyone's posts on this venerable thread. I am aware that our take on the currency auctions is incorrect, we have not been looking at the Central Bank of Iraq's autions of T-bills, notes and the corresponding interest rates - these are of critical importance to our calculations. Our perception of M1 and M2 are therefore inaccurate. The existence of Iraq's CBI is an attempt to replicate our "federal reserve", which is not federal, nor is it a reserve of anything. Our "federal reserve" is a privately owned bank.

I submit to my highly esteemed co-posters this: We (Dianar speculators) are being used at the highest levels of both, the US and the Iraqi governments, to fund the foreign exchange reserves for the rehab of the Dinar. I suggest further that this 'using' is on a transitory level, until such time that Iraq can come up with a functional economy who's Dinar can be valued by the market. I further believe that if the market, the 'Yazzman Rate' was what it was, why should it not return, when the market stabilizes to an even high rate (new currency, new security measures, less counterfitting).

I will appreciate any, ANY, arguements for or against my assertions.

Respectfully,

Scott Paye