Thread: Go crazy in here!!!

Originally Posted by readytogo

Hey cmack,

Gonna give this a try and if I'm off the others will set it straight.

More than likely the only Iraqis to become wealthy from the reval will be the ones who were wealthy before the drastic increase of the dinar. Your average Iraqi does not have the dinar hoarded up for this event. They cannot afford it. Does your average American have dollars hoarded up or saved? No. Most live hand to mouth, paycheck to paycheck. The Iraqis are worse off than we are.

Remember that the pre-saddam screw-up rate was well over $3. So for the value to return to it's previous state will only bring the country to where it needs to be and all citizens will be better off. Right now the poverty level is staggering. I would like to think that there are alot of Iraqi people able and informed enough to forsee and take full advantage of the soon to be reval, but my hunch is no. Hope I am wrong.

I'm sure those who do prepare and take full advantage and become significantly better off financially will make the most of their lives there. Would you leave your home? I would not.

Hope this helps and that I was not too off the mark.

Monica

I'm with you readytogo. I think your right.

Connie

Originally Posted by lucky duck

I'm with you readytogo. I think your right.

Connie

Hey Lucky Duck! Good to see you!

HEY DINAR GALS, lucky duck and ready to go. great to see you




HEY DINAR GALS<good to see you!great post readytogo!

Sorry,i'm not sure why I posted that twice.

Originally Posted by readytogo

Hey Par77,

I just traveled over 200 miles round trip yesterday to get to a Chase Bank. I would be most grateful if there was one only 30 miles away.

Monica

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Try Bank One they are the same as Chase. I am in Missouri and the Chase locator says not within 30 miles also. Good luck!
Funwit

Hey snottynose, you still on here?

Hope your gonna be around tomorrow cause as you know i will be at work having dinar withdraws!!!!!!!!!!!!

Originally Posted by lucky duck

Hey snottynose, you still on here?

Hope your gonna be around tomorrow cause as you know i will be at work having dinar withdraws!!!!!!!!!!!!

don't you worry lucky duck! Iwill be here waiting on the announcement.Hopefully we will be making a trip to the bank.

sarah.GO DINAR GO

Originally Posted by cmack

I am still going to buy some dinar but I was reading over at the link provided above to the iraqi exchange news site and posted was the following:

The Re-Pegging Myth
If the CBI were to decide tomorrow to 're-peg' the dinar to some arbitrary value (i.e. intervene to maintain the auction prices at a higher exchange rate value), of, say, 1 dinar = 1 USD, they would be insolvent within a month. Not to mention the obvious problems that these imaginary re-pegged exchange rates would create. Imagine the average Iraq citizen instantly becoming a USD millionaire, and then using these riches to flee the country and live like royalty elsewhere in the region. Or the range of weapons that the insurgents could then acquire with their billions of dinar/USD. Or the fact that individual currency speculators holding in some cases billions of dinar, now magically worth billions of USD, would have a net worth almost equal to Iraq's entire GDP (estimated to be ~94 billion for 2005). Ridiculous.

Maybe it has been posted before but curious about ppl's comments.

thanks

cmack

They also say that only 10% of the iraqis' are solvent enough to even have a bank account, most surive payday to payday. I have heard that arugment many times.

Thanks all for your responses. I was curious about what others thought but I'm definitely willing to take a few hundred dollar risk for the chance at a lot more in the future. I was planning on it anyways but it was nice to hear from you guys/gals.

thanks

cmack

Cmack,you made a wise decision.I don't think you will be sorry!ALL of us are in this together no matter how long it takes.I am hopeing for our big day to be tomorrow!!!

sarah!GO DINAR GO!!!!!