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Jester says if the articles are right the rate is $1.20 USD to 1 IQD
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Jester says if the articles are right the rate is $1.20 USD to 1 IQD
Late Thurs.Night Jester Chat: "If Article is Right-You Will Get $1.20 for 1 Dinar"
3/6/20150 Comments
Jester’s Place:
SORRY THIS POST IS LATE....WE HAD FORUM ISSUES...Pxxxxxxx
[Jester] HI AND HAPPY THURSDAY MODS, PEEPS, LURKERS, AND CRITTERS!
[dinarrocks] Let's NOT have any surprises tonight UNLESS it involves the lettters "R", "V", OR "R" "E" "P" "U" "B" "L" "I" "C" !!! lol
[Jester] NICE TO SEE EVERYONE..
[dinarrocks] Jester Just wondered if you had ever heard of or had any communication with "DEE" from Awake-in-3D" ?
[Jester] dinarrocks NO I HAVE NOT...
....
SORRY THIS POST IS LATE....WE HAD FORUM ISSUES...Pxxxxxxx
[Jester] HI AND HAPPY THURSDAY MODS, PEEPS, LURKERS, AND CRITTERS!
[dinarrocks] Let's NOT have any surprises tonight UNLESS it involves the lettters "R", "V", OR "R" "E" "P" "U" "B" "L" "I" "C" !!! lol
[Jester] NICE TO SEE EVERYONE..
[dinarrocks] Jester Just wondered if you had ever heard of or had any communication with "DEE" from Awake-in-3D" ?
[Jester] dinarrocks NO I HAVE NOT...
....
[dinarrocks] Jester Ok, I won't say anymore until I have looked at her link further. She had some interesting things to say about Gen64 group. Here is the linkif you are interested in looking at it:
https://www.youtube.com/watch?v=xzlmpFzB71s
[Jester] dinarrocks WHAT WAS THE CLIFF NOTES...
[dinarrocks] Jester I would rather not say much UNTIL I have watched the whole clip. SO... cliff notes will be forthcoming later (maybe tomorrow).
[Jester] dinarrocks THEN WHY DID YOU BRING IT IN HERE YA GOOF... HAHAHAHA
[Jester] YOU ARE CRACKING ME UP...
[dinarrocks] Jester Wanted to know if you had HEARD of her!
[flgirl] Jester i only watched a few minutes but this is short cliff notes. studley was friend of hers... he told her Gen64 has agreement with madam Wu for oil credits. But Gen64 got greedy they wanted her to accept more people and IQD than agreed but does not know if they found someone else to buy oil credits. and all groups are BS people can go to bank
[Jester] dinarrocks NO BUT THAT DOES NOT MEAN MUCH... THERE ARE A FEW HUNDRED OF THESE PEEPS THAT KNOW EVERYTHING OUT THERE SPOUTING THEIR STUFF...
[Hoosier Girl] Jester what do you think about my ladies saying delete the 000's means 1 IQD to 1 USD in Iraq?
[Jester] Hoosier Girl HOLD THAT THOUGHT... I DO HAVE SOMETHING TO SAY ABOUT ALL THAT...
[Jester] flgirl I FOUND THE PART I NEEDED TO... THIS IS INTERESTING... LET ME SPEAK ON THIS A MINUTE...
[Jester] OK... I WILL TELL YOU WHAT I KNOW... WHICH IS THAT SOME OF THAT STUFF SHE IS TELLING IS PARTLY TRUE... SOME IS BS...
[Jester] THIS MAY TAKE A MINUTE... BECAUSE THIS STUFF SOMETIMES CRACKS ME UP...
[Jester] SORRY... I AM STILL CRACKING UP... THIS IS PRETTY OLD NEWS... HOW OLD IS THIS VIDEO?
[Jester] YESTERDAY.. HMMMM....
[Jester] OK... THE GENERALS 64 STUFF SHE HAS IS WAY OLD NEWS... SOME VERSION OF WHAT SHE IS SAYING HAPPENED... FROM WHAT I UNDERSTAND IS NOT EXACTLY LIKE SHE IS SAYING...
[Jester] BUT LETS MOVE PAST THAT AND GO WITH THE WORD I HAVE THAT THAT HAS BEEN OVERCOME... BECAUSE I THINK IT HAS....
[Jester] CHANGES WERE MADE... THINGS WERE RENEGOTIATED... ETC...
[Jester] THE ISSUE SHE IS TALKING ABOUT IS THE GROUP HAVING A DEAL STRAIGHT WITH BANKS TO THE CHINESE... THAT HAS ALWAYS BOTHERED ME... BUT I AM TOLD THAT IS THE WAY IT IS... AND I HAVE NO REASON TO DISBELIEVE IT... BUT THE BANKS ARE NOT CONVERTING OIL CREDITS... FOR THAT TO HAPPEN THE UST DEFINITELY HAS TO BE INVOLVED... AND FROM WHAT LITTLE I AM TOLD... THAT IS THE CASE... BUT I CANNOT VERIFY IT SO I HAVE AT ASSESS THE VALUE OF THAT INFORMATION BY WHAT I AM TOLD... IT IS ONE AVENUE OF CASH IN THAT IS AVAILABLE TO DINARIANS ACCORDING TO WHAT I AM TOLD BY THEM SOME TIME AGO... THAT'S ALL...
[Jester] HOPE THAT MAKES SENSE...
[dinarrocks] Jester I think the ORIGINAL deal was to go through Wells Fargo... From your sources, is that still the case?
[Jester] dinarrocks THAT IS MY UNDERSTANDING... KEEP IN MIND I HAVE ASKED TO BE UPDATED SO THAT I COULD PUT OUT GOOD INFORMATION TO QUESTIONS FOR YOU GUYS BUT GOT THE ANSWER THAT I DO NOT NEED TO KNOW... SO... I CAN ONLY GO ON WHAT IS NOW INFORMATION THAT IS PROBABLY 3-4 MONTHS OLD....
[Hoosier Girl] Jester That makes sense to me
[Backstreets] Jester but also something about the ust approved it
[Backstreets] But, that was in the Wu days
[Jester] Backstreets THIS IS SUBJECTIVE INFORMATION... I AM HIGHLY IMPRESSED WITH WILEY MORGAN... AND WHILE I DISAGREE WITH HIS POST FROM LAST NIGHT I CAN AGREE TO DISAGREE... I MIGHT KNOW SOMETHING THEY DON'T ABOUT IT... SINCE I AM DIRECTLY INVOLVED.... BUT THAT IS ANOTHER STORY...
[pokerbrat] Jester that's on a need to know basis and they said YOU don't need to know???
[dinarrocks] Jester I, too, am fuzzy on how they get the oil credits involved, but will trust that it will work out!
[Jester] dinarrocks IF THE UST IS INVOLVED THEN THAT IS HOW THAT WILL HAPPEN... THAT IS THE ONLY WAY IT CAN HAPPEN...
[Backstreets] Jester mine is admittedly dated info
[Jester] pokerbrat WELL NO ONE ELSE IS GETTING ANY EMAILS EITHER SO WHAT DO YOU EXPECT?
[Jester] Backstreets MINE IS TOO... SO I UNDERSTAND....
[Backstreets] Jester but also something about the ust approved it
[Backstreets] But, that was in the Wu days
[Jester] Backstreets THIS IS SUBJECTIVE INFORMATION... I AM HIGHLY IMPRESSED WITH WILEY MORGAN... AND WHILE I DISAGREE WITH HIS POST FROM LAST NIGHT I CAN AGREE TO DISAGREE... I MIGHT KNOW SOMETHING THEY DON'T ABOUT IT... SINCE I AM DIRECTLY INVOLVED.... BUT THAT IS ANOTHER STORY...
[dinarrocks] Jester I, too, am fuzzy on how they get the oil credits involved, but will trust that it will work out!
[Jester] dinarrocks IF THE UST IS INVOLVED THEN THAT IS HOW THAT WILL HAPPEN... THAT IS THE ONLY WAY IT CAN HAPPEN...
[Jester] BUT I CAN TELL YOU THIS... ALL THESE SO CALLED INFORMED PEEPS LIKE THIS CHICK... ALL TALK ABOUT THE GROUPS... SAYING IT IS ALL BS... AND I CAN DEFINITELY ASSURE YOU THAT THERE ARE PREDATORS OUT THERE... THAT IS A FACT... BUT NOT ALL ARE... SOME HAVE LEGITIMATE CONTRACTS AND ARE DOING THE RIGHT THING FOR THE RIGHT REASON AND THAT IS JUST THE WAY IT IS...
[dinarrocks] Jester Agreed!
[Backstreets] There are some peeps that will be doing such good things that most will never know about
[Jester] SHE TALKS ABOUT THE ADMIRAL... I WILL TELL YOU A TIDBIT... THERE IS AN ADMIRAL... AND HE IS A FINE UPSTANDING MAN... I HAVE TALKED TO HIM... AND HE HAS THINGS TO DO IN THIS... BUT HE IS BEING MALIGNED BY OTHERS THAT ARE USING THE ADMIRAL NAME TO MISLEAD OTHERS... AND THAT IS SAD... THEY HAVE BEEN RUNNING AROUND THE BACKGROUND DOING SNEAKY THINGS IN THE ADMIRAL’S NAME FOR A LONG WHILE... SO THE ADMIRALS GROUP PER SE IS NOT WHAT YOU THINK IT IS... HE IS NOT THAT GUY...
[Jester] AKandyGrahm THE REAL ADMIRAL DOES NOT HAVE A GROUP... SO MY ANSWER WOULD BE NO...
[Backstreets] Jester that group is on a higher plane
[Jester] Backstreets ALMOST ASSUREDLY WE ARE NOT ON THAT SAME PLANE...
[Jester] OKAY.. I AM SURE I WILL GET ANOTHER DISCLAIMER TONIGHT NOW... LOL
[dinarrocks] Jester For sure!
[Jester] I AM THE ONLY GUY THAT GETS A DANG DISCLAIMER ON RECAPS.... HAHAHAHA
[Jester] WILL SURE TURN OUT WEIRD FOR THEM IF I AM RIGHT AND EVERYONE ELSE ITS WRONG... HAHAHAHA
[alfonse] I would take that as a badge of honor Jester
[Aunt B] Jester they can't handle the truth!
[Jester] WAIT... THAT ALREADY HAPPENED... LOOK AT EVERYONE TALKING ABOUT THE BIG PICTURE AND THE REPUBLIC NOW... ROFLMAO...
[Jester] OKAY ENOUGH ON THAT SUBJECT...
[Jester] WHAT WAS THE QUESTION I PUT ON HOLD A WHILE BACK... ANYONE SAVE THAT?
[dinarrocks] Jester You want to move on Hoosier Girls question about the 1/1
[Hoosier Girl] Jester what do you think about my ladies saying delete the 000's means 1 IQD to 1 USD in Iraq?
[Jester] dinarrocks THAT'S IT.... HAHAHAHA
[Jester] Hoosier Girl I DID LOOK AT THAT.... LET'S TAKE A MINUTE AND PUT THE POST IN FOR EVERYONE SO THEY KNOW WHAT WE ARE TALKING ABOUT...
[Hoosier Girl] Jester Good deal
[Jester] OK HERE IT THE LINK THEY WERE REFERENCING... SOMEONE ELSE SENT IT TO ME EARLIER TODAY SO I HAVE HAD SOME TIME TO DISSECT IT...
[Jester] http://aynaliraqnews.com/index.php?aa=news&id22=33283
[Jester] Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency. "
[Jester] "The country suffers deficit as Iraq does not it can support its currency unless received grants from third parties, and whether this possible implementation it is important, reframes the value of the currency indirectly supporting the national currency, and when structuring currency returned it reduces inflation Iraq ". Finished / 13
[Jester] OK... PRETTY STRAIGHTFORWARD ARTICLE IT SEEMS...
[Backstreets] 1:1?
[Jester] AND IF YOU DO NOT KNOW HOW THIS WORKS YOU MAKE THE WRONG ASSUMPTIONS...
[Jester] Backstreets PAY ATTENTION... I AM EXPLAINING.... HAHAHAHA
[Jester] LETS LOOK AT THE SALIENT POINTS HERE...
[Jester] EXCERPT - delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency
[Jester] SO... I READ THAT AS TWO OBJECTIVES AS STATED OR TWO STEPS... TWO INDEPENDENT STEPS...
[Jester] THEN THE STARTING POINT.... instead of the $ 100 equals 120 000 Iraqi dinars
[Jester] THEN THE ENDING POINT... after deleting three zeros become a $ 100 equals 100 Iraqi dinars
[Jester] THAT IS AFTER TWO STEPS...
[Jester] AGREED?
[Hoosier Girl] Yes
[Jester] SO.... BACKING UP... WE ARE AGREED THAT THIS IS TWO STEPS... YOU CAN ANSWER THAT...
[Hoosier Girl] Yes
[Jester] OKAY... SO... I AM READING AFTER THE DELETING OF THE THREE ZEROS IS MEANING THE SECOND STEP... BECAUSE AFTER THAT IS FINISHED THEN IT IS DONE AND THAT IS THE RESULT... after deleting three zeros become a $ 100 equals 100 Iraqi dinars,
[Jester] BUT THEY CLEARLY SAID IN THE FIRST PART.... delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency
[Jester] SEE WHAT I MEAN? THIS IS INCLUDED BY THAT FIRST STATEMENT BUT THE DELETION OF THE ZEROS IS THE END... YOU SEE WHAT I MEAN NOW?
[Jester] IT IS IMPORTANT THAT YOU ARE FOLLOWING THAT POINT...
[Jester] SOOO... ARE YOU FOLLOWING SO FAR? IF NOT I WILL TRY TO MAKE IT CLEARER...
[Jester] HMMM
[Hoosier Girl] Yea I see that now
[Jester] OK LET ME START OVER...
[Jester] SOME ARE OBVIOUSLY NOT GETTING IT...
[Jester] THEY CLEARLY SAY... delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency
[Jester] THIS IS A TWO STEP PROCESS... CLEARLY STATED.... DELETE THE ZEROS INCLUDES TWO...COUNT THEM... TWO... OBJECTIVES....
[king david] Jester You mean first they delete the 000's then they revalue the currency?
[Aunt B] Jester delete 000 and waa laa... rv
[Jester] OK I GIVE UP.... LOL
[Jester] YOU GUYS ARE TRYING TO OUT THINK ME FOR SOME REASON...
[Jester] OK.... I'M DONE.... LET IFLY DO IT.... SHEESH....
[Jester] WHEN I ASK IF YOU ARE FOLLOWING ALONG I DO THAT TO MAKE SURE YOU UNDERSTANDING WHAT I AM SAYING... NOT TO GO ANYWHERE ELSE... NOT TO INTERPRET WHAT I AM SAYING OR TRY TO FIGURE OUT WHERE I AM GOING... I HAVE REALIZED THAT FOR SOME REASON WHAT I AM SAYING IS NOT REALLY GETTING ACROSS... AND IT IS IMPORTANT FOR YOU TO UNDERSTAND WHAT I AM TRYING TO TELL YOU AND I WILL DO MY BEST TO EXPLAIN... BUT YOU HAVE TO LISTEN AND PAY ATTENTION... SO THAT IS WHY I STARTED ASKING IF YOU ARE FOLLOWING ALONG....
[Jester] BUT THAT IS PRETTY MUCH A YES OR NO QUESTION... AND NO IS PERFECTLY ACCEPTABLE... IF THAT IS THE CASE I WILL TRY TO EXPLAIN IT BETTER.... THAT IS WHY I ASK THAT...
[AKandyGrahm] No, Jester, I'm not following you
[Jester] AKandyGrahm I HAVE NOT RESTARTED YET SO I DON'T KNOW IF YOU ARE TRYING TO BE FUNNY OR NOT...
[AKandyGrahm] No - I meant I wasn't following you...
[ifly] Jester perhaps you take example of value of a 25000 dinar & explain from that angle
[Jester] ifly THAT HAS NOTHING TO DO WITH IT...
[Jester] THAT IS NOT THE POINT I WAS TRYING TO MAKE AND THEREFORE YOU WILL NOT UNDERSTAND MY REASONING....
[Jester] I WAS ATTEMPTING TO EXPLAIN THE EXACT ARTICLE AND WHAT I THINK IT ACTUALLY MEANS...
[Jester] NOW.... LET ME PUT THE ARTICLE IN HERE AGAIN FOR ANYONE NEW THAT IS HERE NOW...
[Jester] BAGHDAD / ... confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country.
[Jester] Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency. "
[Jester] "The country suffers deficit as Iraq does not it can support its currency unless received grants from third parties, and whether this possible implementation it is important, reframes the value of the currency indirectly supporting the national currency, and when structuring currency returned it reduces inflation Iraq ". Finished / 13
[Jester] LINK….. http://aynaliraqnews.com/index.php?aa=news&id22=33283
[Jester] SO THERE WE HAVE THE ARTICLE... AND I WILL LIKE TO POINT OUT A COUPLE THINGS I THINK ARE IMPORTANT...
[Jester] delete the zeros includes two basic objectives,
[Jester] THIS IS PRETTY SIMPLE.... IT MEANS THERE ARE TWO OBJECTIVES... TWO THINGS THAT HAVE TO BE DONE.... TWO STEPS...
[Jester] the deletion of zeros, and the restructuring of the Iraqi currency
[Jester] THESE ARE THE TWO STEPS....
[Jester] instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars
[Jester] THAT IS THE RESULT AFTER THE DELETE THE ZEROS... WHICH IS TWO STEPS... DELETION OF THE ZEROS... AND... AND... RESTRUCTURING OF THE IRAQ CURRENCY...
[Jester] SO... I AM TAKING THAT AFTER THE DELETING THE ZEROS... THE END RESULT HAPPENS...
[Jester] WHICH MEANS THE OTHER STEP.... RESTRUCTURING OF THE IRAQ CURRENCY MUST HAVE ALREADY HAPPENED...
[Jester] NOW.. WITHOUT ANY OTHER COMMENTS... IS THAT LOGIC MAKING SENSE SO FAR....
[AKandyGrahm] Are you open for questions, yet, Jester?
[Jester] AKandyGrahm OK WHAT PART ARE YOU CONFUSED ABOUT.... LETS GET THIS RIGHT BEFORE WE MOVE ON BECAUSE IF YOU ARE HAVING ISSUES OTHERS MAY BE ALSO....
[ifly] No reverse order of the article
[Jester] ifly OKAY... YOU CAN TELL ME WHAT YOU ARE CONFUSED ABOUT AS WELL....
[AKandyGrahm] What happened to the other 20 Dinars - is that part of the restructuring.... the 120,000 goes down to 100. Where'd the other 10 go?
[ifly] The article 1 delete 2 restructure sounds like a lop
[AKandyGrahm] Where'd the other 20 go (sorry)
[Jester] AKandyGrahm I HAVE NOT TALKED ABOUT THAT YET... I HAVE NOT GONE THERE... WHAT ARE YOU ASKING ABOUT THAT? I SIMPLY LIKED TO LAY OUT MY THINKING BEFORE GOING THERE....
[AKandyGrahm] Oooooooohhhhh!!!!! OK - didn't know you were going to address that later. It was confusing me.
[Jester] ifly I HAVE NOT GONE THERE EITHER.... HAVE NOT GOT THAT FAR... I LIKED TO KNOW IF YOU WERE FOLLOWING WHAT I SAID SO FAR...
[Jester] PAY ATTENTION TO WHAT I AM SAYING AND ONLY WHAT I AM SAYING... BECAUSE WHAT I AM SAYING NOW BUILDS THE FOUNDATION FOR WHAT IS TO COME...
[Jester] OKAY... IS ANYONE ELSE STILL CONFUSED ABOUT HE POINT I WAS TRYING TO MAKE? TWO STEPS.... INCLUDING THE DELETION OF THE THREE ZEROS AND THE RESTRUCTURING OF THE IRAQ CURRENCY.... THE END RESULT IS THE DELETION OF THE THREE ZEROS... SO THEREFORE THE RESTRUCTURING OF THE IRAQ CURRENCY MUST HAVE ALREADY HAPPENED...
[Aunt B] Jester got it thanks
[Shar] Jester understood
[Jester] OKAY... LETS MOVE ON THEN... WHEW...
[Jester] SO... LETS DISSECT THE INFORMATION A BIT...
[Jester] STARTING POINT... instead of the $ 100 equals 120 000 Iraqi dinars... OR IF YOU LIKE TO THINK ABOUT IT... DIVIDE BOTH BY 100.... THAT MEANS $1USD = 1200 IQD... CLOSE TO THE ACTUAL 1166 RATE AND I THINK HE JUST ROUNDED IT OFF TO TALK ABOUT IT... MAKE SENSE?
[Aunt B] Yes
[Jester] THAT IS HOW MOST OF US SEE IT NOW.... 1 USD = 1166 IQD
[Jester] SO THAT STATEMENT IS WHAT IT IS RIGHT NOW....
[Jester] THE ENDING POINT.... after deleting three zeros become a $ 100 equals 100 Iraqi dinars... THIS MEANS AFTER THE DELETING THE THREE ZEROS... AND BY THE POINT I MADE ABOVE... ALSO AFTER THE RESTRUCTURING OF THE IRAQ CURRENCY.... THAT IS THE RESULT.... STILL FOLLOWING ALONG?
[ifly] Yes
[lady luck] yes
[Jester] NOW I AM GOING TO MAKE A FEW THEORIES BASED ON WHAT I KNOW ABOUT IT... THIS GETS A LITTLE COMPLICATED... SO IF YOU GET LOST LET ME KNOW...
[Jester] OK... SO... HERE IS WHAT I THINK IS REALLY GOING ON... THEY ARE SET TO RI... THEY HAVE TO DO THAT BEFORE DELETING THE 000'S... BECAUSE THE DELETING THE 000'S IS THE END RESULT...
[Jester] THERE IS ONE THING MISSING IN THE ARTICLE... THE REVALUING OF THE IRAQ CURRENCY... BUT WE SEE THE END RESULT... SO WE CAN BACK TRACK THAT TO THE ANSWER...
[ifly] Now following
[Jester] ifly THANK GOD...
[ifly] restructure not = ri/rv
[Jester] (BANGING HEAD ON DESK)
[Jester] ifly WHAT THE HECK ARE YOU THINKING ABOUT THAT FOR?
[Jester] I HAVE NOT GOT THERE YET...
[ifly] Don't know what the article means by"restructure
[Jester] OKAY... WE ARE GOING TO RUN OUT OF TIME ANYWAY... MAYBE WE SHOULD REVISIT THIS TOMORROW...
[Aunt B] Jester please finish i think it will all fall in place when you finish
[Jester] OK... THAT IS NOT FAIR... MOST ARE FOLLOWING... I AM GOING TO CONTINUE... IFLY... YOU WILL JUST HAVE TO TRY TO FIGURE IT OUT IN THE FORUM OR ASK QUESTIONS TOMORROW...
[Jester] WE WILL PROBABLY HAVE TO EXTEND... IS THAT OKAY WITH EVERYONE?
[Shar] Jester Yes
[Americana] yes please go ahead
[Jester] STARTING POINT... instead of the $ 100 equals 120 000 Iraqi dinars... OR IF YOU LIKE TO THINK ABOUT IT... DIVIDE BOTH BY 100.... THAT MEANS $1 USD = 1200 IQD... CLOSE TO THE ACTUAL 1166 RATE AND I THINK HE JUST ROUNDED IT OFF TO TALK ABOUT IT... MAKE SENSE?
[dinarrocks] yes
[Jester] THE ENDING POINT.... after deleting three zeros become a $ 100 equals 100 Iraqi dinars... THIS MEANS AFTER THE DELETING THE THREE ZEROS... AND BY THE POINT I MADE ABOVE... ALSO AFTER THE RESTRUCTURING OF THE IRAQ CURRENCY.... THAT IS THE RESULT....
https://www.youtube.com/watch?v=xzlmpFzB71s
[Jester] dinarrocks WHAT WAS THE CLIFF NOTES...
[dinarrocks] Jester I would rather not say much UNTIL I have watched the whole clip. SO... cliff notes will be forthcoming later (maybe tomorrow).
[Jester] dinarrocks THEN WHY DID YOU BRING IT IN HERE YA GOOF... HAHAHAHA
[Jester] YOU ARE CRACKING ME UP...
[dinarrocks] Jester Wanted to know if you had HEARD of her!
[flgirl] Jester i only watched a few minutes but this is short cliff notes. studley was friend of hers... he told her Gen64 has agreement with madam Wu for oil credits. But Gen64 got greedy they wanted her to accept more people and IQD than agreed but does not know if they found someone else to buy oil credits. and all groups are BS people can go to bank
[Jester] dinarrocks NO BUT THAT DOES NOT MEAN MUCH... THERE ARE A FEW HUNDRED OF THESE PEEPS THAT KNOW EVERYTHING OUT THERE SPOUTING THEIR STUFF...
[Hoosier Girl] Jester what do you think about my ladies saying delete the 000's means 1 IQD to 1 USD in Iraq?
[Jester] Hoosier Girl HOLD THAT THOUGHT... I DO HAVE SOMETHING TO SAY ABOUT ALL THAT...
[Jester] flgirl I FOUND THE PART I NEEDED TO... THIS IS INTERESTING... LET ME SPEAK ON THIS A MINUTE...
[Jester] OK... I WILL TELL YOU WHAT I KNOW... WHICH IS THAT SOME OF THAT STUFF SHE IS TELLING IS PARTLY TRUE... SOME IS BS...
[Jester] THIS MAY TAKE A MINUTE... BECAUSE THIS STUFF SOMETIMES CRACKS ME UP...
[Jester] SORRY... I AM STILL CRACKING UP... THIS IS PRETTY OLD NEWS... HOW OLD IS THIS VIDEO?
[Jester] YESTERDAY.. HMMMM....
[Jester] OK... THE GENERALS 64 STUFF SHE HAS IS WAY OLD NEWS... SOME VERSION OF WHAT SHE IS SAYING HAPPENED... FROM WHAT I UNDERSTAND IS NOT EXACTLY LIKE SHE IS SAYING...
[Jester] BUT LETS MOVE PAST THAT AND GO WITH THE WORD I HAVE THAT THAT HAS BEEN OVERCOME... BECAUSE I THINK IT HAS....
[Jester] CHANGES WERE MADE... THINGS WERE RENEGOTIATED... ETC...
[Jester] THE ISSUE SHE IS TALKING ABOUT IS THE GROUP HAVING A DEAL STRAIGHT WITH BANKS TO THE CHINESE... THAT HAS ALWAYS BOTHERED ME... BUT I AM TOLD THAT IS THE WAY IT IS... AND I HAVE NO REASON TO DISBELIEVE IT... BUT THE BANKS ARE NOT CONVERTING OIL CREDITS... FOR THAT TO HAPPEN THE UST DEFINITELY HAS TO BE INVOLVED... AND FROM WHAT LITTLE I AM TOLD... THAT IS THE CASE... BUT I CANNOT VERIFY IT SO I HAVE AT ASSESS THE VALUE OF THAT INFORMATION BY WHAT I AM TOLD... IT IS ONE AVENUE OF CASH IN THAT IS AVAILABLE TO DINARIANS ACCORDING TO WHAT I AM TOLD BY THEM SOME TIME AGO... THAT'S ALL...
[Jester] HOPE THAT MAKES SENSE...
[dinarrocks] Jester I think the ORIGINAL deal was to go through Wells Fargo... From your sources, is that still the case?
[Jester] dinarrocks THAT IS MY UNDERSTANDING... KEEP IN MIND I HAVE ASKED TO BE UPDATED SO THAT I COULD PUT OUT GOOD INFORMATION TO QUESTIONS FOR YOU GUYS BUT GOT THE ANSWER THAT I DO NOT NEED TO KNOW... SO... I CAN ONLY GO ON WHAT IS NOW INFORMATION THAT IS PROBABLY 3-4 MONTHS OLD....
[Hoosier Girl] Jester That makes sense to me
[Backstreets] Jester but also something about the ust approved it
[Backstreets] But, that was in the Wu days
[Jester] Backstreets THIS IS SUBJECTIVE INFORMATION... I AM HIGHLY IMPRESSED WITH WILEY MORGAN... AND WHILE I DISAGREE WITH HIS POST FROM LAST NIGHT I CAN AGREE TO DISAGREE... I MIGHT KNOW SOMETHING THEY DON'T ABOUT IT... SINCE I AM DIRECTLY INVOLVED.... BUT THAT IS ANOTHER STORY...
[pokerbrat] Jester that's on a need to know basis and they said YOU don't need to know???
[dinarrocks] Jester I, too, am fuzzy on how they get the oil credits involved, but will trust that it will work out!
[Jester] dinarrocks IF THE UST IS INVOLVED THEN THAT IS HOW THAT WILL HAPPEN... THAT IS THE ONLY WAY IT CAN HAPPEN...
[Backstreets] Jester mine is admittedly dated info
[Jester] pokerbrat WELL NO ONE ELSE IS GETTING ANY EMAILS EITHER SO WHAT DO YOU EXPECT?
[Jester] Backstreets MINE IS TOO... SO I UNDERSTAND....
[Backstreets] Jester but also something about the ust approved it
[Backstreets] But, that was in the Wu days
[Jester] Backstreets THIS IS SUBJECTIVE INFORMATION... I AM HIGHLY IMPRESSED WITH WILEY MORGAN... AND WHILE I DISAGREE WITH HIS POST FROM LAST NIGHT I CAN AGREE TO DISAGREE... I MIGHT KNOW SOMETHING THEY DON'T ABOUT IT... SINCE I AM DIRECTLY INVOLVED.... BUT THAT IS ANOTHER STORY...
[dinarrocks] Jester I, too, am fuzzy on how they get the oil credits involved, but will trust that it will work out!
[Jester] dinarrocks IF THE UST IS INVOLVED THEN THAT IS HOW THAT WILL HAPPEN... THAT IS THE ONLY WAY IT CAN HAPPEN...
[Jester] BUT I CAN TELL YOU THIS... ALL THESE SO CALLED INFORMED PEEPS LIKE THIS CHICK... ALL TALK ABOUT THE GROUPS... SAYING IT IS ALL BS... AND I CAN DEFINITELY ASSURE YOU THAT THERE ARE PREDATORS OUT THERE... THAT IS A FACT... BUT NOT ALL ARE... SOME HAVE LEGITIMATE CONTRACTS AND ARE DOING THE RIGHT THING FOR THE RIGHT REASON AND THAT IS JUST THE WAY IT IS...
[dinarrocks] Jester Agreed!
[Backstreets] There are some peeps that will be doing such good things that most will never know about
[Jester] SHE TALKS ABOUT THE ADMIRAL... I WILL TELL YOU A TIDBIT... THERE IS AN ADMIRAL... AND HE IS A FINE UPSTANDING MAN... I HAVE TALKED TO HIM... AND HE HAS THINGS TO DO IN THIS... BUT HE IS BEING MALIGNED BY OTHERS THAT ARE USING THE ADMIRAL NAME TO MISLEAD OTHERS... AND THAT IS SAD... THEY HAVE BEEN RUNNING AROUND THE BACKGROUND DOING SNEAKY THINGS IN THE ADMIRAL’S NAME FOR A LONG WHILE... SO THE ADMIRALS GROUP PER SE IS NOT WHAT YOU THINK IT IS... HE IS NOT THAT GUY...
[Jester] AKandyGrahm THE REAL ADMIRAL DOES NOT HAVE A GROUP... SO MY ANSWER WOULD BE NO...
[Backstreets] Jester that group is on a higher plane
[Jester] Backstreets ALMOST ASSUREDLY WE ARE NOT ON THAT SAME PLANE...
[Jester] OKAY.. I AM SURE I WILL GET ANOTHER DISCLAIMER TONIGHT NOW... LOL
[dinarrocks] Jester For sure!
[Jester] I AM THE ONLY GUY THAT GETS A DANG DISCLAIMER ON RECAPS.... HAHAHAHA
[Jester] WILL SURE TURN OUT WEIRD FOR THEM IF I AM RIGHT AND EVERYONE ELSE ITS WRONG... HAHAHAHA
[alfonse] I would take that as a badge of honor Jester
[Aunt B] Jester they can't handle the truth!
[Jester] WAIT... THAT ALREADY HAPPENED... LOOK AT EVERYONE TALKING ABOUT THE BIG PICTURE AND THE REPUBLIC NOW... ROFLMAO...
[Jester] OKAY ENOUGH ON THAT SUBJECT...
[Jester] WHAT WAS THE QUESTION I PUT ON HOLD A WHILE BACK... ANYONE SAVE THAT?
[dinarrocks] Jester You want to move on Hoosier Girls question about the 1/1
[Hoosier Girl] Jester what do you think about my ladies saying delete the 000's means 1 IQD to 1 USD in Iraq?
[Jester] dinarrocks THAT'S IT.... HAHAHAHA
[Jester] Hoosier Girl I DID LOOK AT THAT.... LET'S TAKE A MINUTE AND PUT THE POST IN FOR EVERYONE SO THEY KNOW WHAT WE ARE TALKING ABOUT...
[Hoosier Girl] Jester Good deal
[Jester] OK HERE IT THE LINK THEY WERE REFERENCING... SOMEONE ELSE SENT IT TO ME EARLIER TODAY SO I HAVE HAD SOME TIME TO DISSECT IT...
[Jester] http://aynaliraqnews.com/index.php?aa=news&id22=33283
[Jester] Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency. "
[Jester] "The country suffers deficit as Iraq does not it can support its currency unless received grants from third parties, and whether this possible implementation it is important, reframes the value of the currency indirectly supporting the national currency, and when structuring currency returned it reduces inflation Iraq ". Finished / 13
[Jester] OK... PRETTY STRAIGHTFORWARD ARTICLE IT SEEMS...
[Backstreets] 1:1?
[Jester] AND IF YOU DO NOT KNOW HOW THIS WORKS YOU MAKE THE WRONG ASSUMPTIONS...
[Jester] Backstreets PAY ATTENTION... I AM EXPLAINING.... HAHAHAHA
[Jester] LETS LOOK AT THE SALIENT POINTS HERE...
[Jester] EXCERPT - delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency
[Jester] SO... I READ THAT AS TWO OBJECTIVES AS STATED OR TWO STEPS... TWO INDEPENDENT STEPS...
[Jester] THEN THE STARTING POINT.... instead of the $ 100 equals 120 000 Iraqi dinars
[Jester] THEN THE ENDING POINT... after deleting three zeros become a $ 100 equals 100 Iraqi dinars
[Jester] THAT IS AFTER TWO STEPS...
[Jester] AGREED?
[Hoosier Girl] Yes
[Jester] SO.... BACKING UP... WE ARE AGREED THAT THIS IS TWO STEPS... YOU CAN ANSWER THAT...
[Hoosier Girl] Yes
[Jester] OKAY... SO... I AM READING AFTER THE DELETING OF THE THREE ZEROS IS MEANING THE SECOND STEP... BECAUSE AFTER THAT IS FINISHED THEN IT IS DONE AND THAT IS THE RESULT... after deleting three zeros become a $ 100 equals 100 Iraqi dinars,
[Jester] BUT THEY CLEARLY SAID IN THE FIRST PART.... delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency
[Jester] SEE WHAT I MEAN? THIS IS INCLUDED BY THAT FIRST STATEMENT BUT THE DELETION OF THE ZEROS IS THE END... YOU SEE WHAT I MEAN NOW?
[Jester] IT IS IMPORTANT THAT YOU ARE FOLLOWING THAT POINT...
[Jester] SOOO... ARE YOU FOLLOWING SO FAR? IF NOT I WILL TRY TO MAKE IT CLEARER...
[Jester] HMMM
[Hoosier Girl] Yea I see that now
[Jester] OK LET ME START OVER...
[Jester] SOME ARE OBVIOUSLY NOT GETTING IT...
[Jester] THEY CLEARLY SAY... delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency
[Jester] THIS IS A TWO STEP PROCESS... CLEARLY STATED.... DELETE THE ZEROS INCLUDES TWO...COUNT THEM... TWO... OBJECTIVES....
[king david] Jester You mean first they delete the 000's then they revalue the currency?
[Aunt B] Jester delete 000 and waa laa... rv
[Jester] OK I GIVE UP.... LOL
[Jester] YOU GUYS ARE TRYING TO OUT THINK ME FOR SOME REASON...
[Jester] OK.... I'M DONE.... LET IFLY DO IT.... SHEESH....
[Jester] WHEN I ASK IF YOU ARE FOLLOWING ALONG I DO THAT TO MAKE SURE YOU UNDERSTANDING WHAT I AM SAYING... NOT TO GO ANYWHERE ELSE... NOT TO INTERPRET WHAT I AM SAYING OR TRY TO FIGURE OUT WHERE I AM GOING... I HAVE REALIZED THAT FOR SOME REASON WHAT I AM SAYING IS NOT REALLY GETTING ACROSS... AND IT IS IMPORTANT FOR YOU TO UNDERSTAND WHAT I AM TRYING TO TELL YOU AND I WILL DO MY BEST TO EXPLAIN... BUT YOU HAVE TO LISTEN AND PAY ATTENTION... SO THAT IS WHY I STARTED ASKING IF YOU ARE FOLLOWING ALONG....
[Jester] BUT THAT IS PRETTY MUCH A YES OR NO QUESTION... AND NO IS PERFECTLY ACCEPTABLE... IF THAT IS THE CASE I WILL TRY TO EXPLAIN IT BETTER.... THAT IS WHY I ASK THAT...
[AKandyGrahm] No, Jester, I'm not following you
[Jester] AKandyGrahm I HAVE NOT RESTARTED YET SO I DON'T KNOW IF YOU ARE TRYING TO BE FUNNY OR NOT...
[AKandyGrahm] No - I meant I wasn't following you...
[ifly] Jester perhaps you take example of value of a 25000 dinar & explain from that angle
[Jester] ifly THAT HAS NOTHING TO DO WITH IT...
[Jester] THAT IS NOT THE POINT I WAS TRYING TO MAKE AND THEREFORE YOU WILL NOT UNDERSTAND MY REASONING....
[Jester] I WAS ATTEMPTING TO EXPLAIN THE EXACT ARTICLE AND WHAT I THINK IT ACTUALLY MEANS...
[Jester] NOW.... LET ME PUT THE ARTICLE IN HERE AGAIN FOR ANYONE NEW THAT IS HERE NOW...
[Jester] BAGHDAD / ... confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country.
[Jester] Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency. "
[Jester] "The country suffers deficit as Iraq does not it can support its currency unless received grants from third parties, and whether this possible implementation it is important, reframes the value of the currency indirectly supporting the national currency, and when structuring currency returned it reduces inflation Iraq ". Finished / 13
[Jester] LINK….. http://aynaliraqnews.com/index.php?aa=news&id22=33283
[Jester] SO THERE WE HAVE THE ARTICLE... AND I WILL LIKE TO POINT OUT A COUPLE THINGS I THINK ARE IMPORTANT...
[Jester] delete the zeros includes two basic objectives,
[Jester] THIS IS PRETTY SIMPLE.... IT MEANS THERE ARE TWO OBJECTIVES... TWO THINGS THAT HAVE TO BE DONE.... TWO STEPS...
[Jester] the deletion of zeros, and the restructuring of the Iraqi currency
[Jester] THESE ARE THE TWO STEPS....
[Jester] instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars
[Jester] THAT IS THE RESULT AFTER THE DELETE THE ZEROS... WHICH IS TWO STEPS... DELETION OF THE ZEROS... AND... AND... RESTRUCTURING OF THE IRAQ CURRENCY...
[Jester] SO... I AM TAKING THAT AFTER THE DELETING THE ZEROS... THE END RESULT HAPPENS...
[Jester] WHICH MEANS THE OTHER STEP.... RESTRUCTURING OF THE IRAQ CURRENCY MUST HAVE ALREADY HAPPENED...
[Jester] NOW.. WITHOUT ANY OTHER COMMENTS... IS THAT LOGIC MAKING SENSE SO FAR....
[AKandyGrahm] Are you open for questions, yet, Jester?
[Jester] AKandyGrahm OK WHAT PART ARE YOU CONFUSED ABOUT.... LETS GET THIS RIGHT BEFORE WE MOVE ON BECAUSE IF YOU ARE HAVING ISSUES OTHERS MAY BE ALSO....
[ifly] No reverse order of the article
[Jester] ifly OKAY... YOU CAN TELL ME WHAT YOU ARE CONFUSED ABOUT AS WELL....
[AKandyGrahm] What happened to the other 20 Dinars - is that part of the restructuring.... the 120,000 goes down to 100. Where'd the other 10 go?
[ifly] The article 1 delete 2 restructure sounds like a lop
[AKandyGrahm] Where'd the other 20 go (sorry)
[Jester] AKandyGrahm I HAVE NOT TALKED ABOUT THAT YET... I HAVE NOT GONE THERE... WHAT ARE YOU ASKING ABOUT THAT? I SIMPLY LIKED TO LAY OUT MY THINKING BEFORE GOING THERE....
[AKandyGrahm] Oooooooohhhhh!!!!! OK - didn't know you were going to address that later. It was confusing me.
[Jester] ifly I HAVE NOT GONE THERE EITHER.... HAVE NOT GOT THAT FAR... I LIKED TO KNOW IF YOU WERE FOLLOWING WHAT I SAID SO FAR...
[Jester] PAY ATTENTION TO WHAT I AM SAYING AND ONLY WHAT I AM SAYING... BECAUSE WHAT I AM SAYING NOW BUILDS THE FOUNDATION FOR WHAT IS TO COME...
[Jester] OKAY... IS ANYONE ELSE STILL CONFUSED ABOUT HE POINT I WAS TRYING TO MAKE? TWO STEPS.... INCLUDING THE DELETION OF THE THREE ZEROS AND THE RESTRUCTURING OF THE IRAQ CURRENCY.... THE END RESULT IS THE DELETION OF THE THREE ZEROS... SO THEREFORE THE RESTRUCTURING OF THE IRAQ CURRENCY MUST HAVE ALREADY HAPPENED...
[Aunt B] Jester got it thanks
[Shar] Jester understood
[Jester] OKAY... LETS MOVE ON THEN... WHEW...
[Jester] SO... LETS DISSECT THE INFORMATION A BIT...
[Jester] STARTING POINT... instead of the $ 100 equals 120 000 Iraqi dinars... OR IF YOU LIKE TO THINK ABOUT IT... DIVIDE BOTH BY 100.... THAT MEANS $1USD = 1200 IQD... CLOSE TO THE ACTUAL 1166 RATE AND I THINK HE JUST ROUNDED IT OFF TO TALK ABOUT IT... MAKE SENSE?
[Aunt B] Yes
[Jester] THAT IS HOW MOST OF US SEE IT NOW.... 1 USD = 1166 IQD
[Jester] SO THAT STATEMENT IS WHAT IT IS RIGHT NOW....
[Jester] THE ENDING POINT.... after deleting three zeros become a $ 100 equals 100 Iraqi dinars... THIS MEANS AFTER THE DELETING THE THREE ZEROS... AND BY THE POINT I MADE ABOVE... ALSO AFTER THE RESTRUCTURING OF THE IRAQ CURRENCY.... THAT IS THE RESULT.... STILL FOLLOWING ALONG?
[ifly] Yes
[lady luck] yes
[Jester] NOW I AM GOING TO MAKE A FEW THEORIES BASED ON WHAT I KNOW ABOUT IT... THIS GETS A LITTLE COMPLICATED... SO IF YOU GET LOST LET ME KNOW...
[Jester] OK... SO... HERE IS WHAT I THINK IS REALLY GOING ON... THEY ARE SET TO RI... THEY HAVE TO DO THAT BEFORE DELETING THE 000'S... BECAUSE THE DELETING THE 000'S IS THE END RESULT...
[Jester] THERE IS ONE THING MISSING IN THE ARTICLE... THE REVALUING OF THE IRAQ CURRENCY... BUT WE SEE THE END RESULT... SO WE CAN BACK TRACK THAT TO THE ANSWER...
[ifly] Now following
[Jester] ifly THANK GOD...
[ifly] restructure not = ri/rv
[Jester] (BANGING HEAD ON DESK)
[Jester] ifly WHAT THE HECK ARE YOU THINKING ABOUT THAT FOR?
[Jester] I HAVE NOT GOT THERE YET...
[ifly] Don't know what the article means by"restructure
[Jester] OKAY... WE ARE GOING TO RUN OUT OF TIME ANYWAY... MAYBE WE SHOULD REVISIT THIS TOMORROW...
[Aunt B] Jester please finish i think it will all fall in place when you finish
[Jester] OK... THAT IS NOT FAIR... MOST ARE FOLLOWING... I AM GOING TO CONTINUE... IFLY... YOU WILL JUST HAVE TO TRY TO FIGURE IT OUT IN THE FORUM OR ASK QUESTIONS TOMORROW...
[Jester] WE WILL PROBABLY HAVE TO EXTEND... IS THAT OKAY WITH EVERYONE?
[Shar] Jester Yes
[Americana] yes please go ahead
[Jester] STARTING POINT... instead of the $ 100 equals 120 000 Iraqi dinars... OR IF YOU LIKE TO THINK ABOUT IT... DIVIDE BOTH BY 100.... THAT MEANS $1 USD = 1200 IQD... CLOSE TO THE ACTUAL 1166 RATE AND I THINK HE JUST ROUNDED IT OFF TO TALK ABOUT IT... MAKE SENSE?
[dinarrocks] yes
[Jester] THE ENDING POINT.... after deleting three zeros become a $ 100 equals 100 Iraqi dinars... THIS MEANS AFTER THE DELETING THE THREE ZEROS... AND BY THE POINT I MADE ABOVE... ALSO AFTER THE RESTRUCTURING OF THE IRAQ CURRENCY.... THAT IS THE RESULT....
[Jester] NOW I AM GOING TO MAKE A FEW THEORIES BASED ON WHAT I KNOW ABOUT IT...
[Jester] SO... HERE IS WHAT I THINK IS REALLY GOING ON... THEY ARE SET TO RI... THEY HAVE TO DO THAT BEFORE DELETING THE 000'S... BECAUSE THE DELETING THE 000'S IS THE END RESULT...
[Jester] THERE IS ONE THING MISSING IN THE ARTICLE... THE REVALUING OF THE IRAQ CURRENCY... BUT WE SEE THE END RESULT... SO WE CAN BACK TRACK THAT TO THE ANSWER...
[Jester] OK.... WE ARE UP TO DATE NOW...
[Jester] SO MOVING ON I WILL USE THE NUMBERS IN THE ARTICLE SO YOU CAN FOLLOW WHERE THEY COME FROM...
[Jester] START.... 100 USD = 120,000 IQD
[Jester] BECAUSE WE KNOW THEY ARE USING IQD RIGHT NOW...
[Jester] AND WE ARE USING USD OF COURSE...
[Jester] PAY ATTENTION TO THE IDENTIFIERS...
[Jester] END... 100 USD = 100 IRAQI DINARS.... IQD? IQN?....
[Jester] MISSING PIECE FROM THE ARTICLE... THEORY... MINE... RI CURRENCY IS IQN...
[Jester] SO... WITH THAT THEORY.... 1000 IQD = 1 IQN.... THUS COMPLETING THE DELETION OF THE 000'S...
[Jester] FOLLOWING ALONG? (CRINGING)
[ifly] Yes
[Jester) BASICALLY TO TELL YOU WHAT WE ARE GOING TO DO NEXT... WE ARE GOING TO CONVERT THE CURRENT VALUE OF THE USD TO THE END VALUE OF THE IQN AS STATED IN THE ARTICLE... AND AFTER THE RI WE ARE GOING TO CONVERT IT BACK...
[Jester] REMEMBER THE USD EQUIVALENT IS ON THE LEFT... AND THE IRAQ EQUIVALENT IS ON THE RIGHT.... THEN YOU WILL BE OKAY.... HAHAHAHA
[Jester] OKAY... LET'S DO THE MATH THEN....
[Jester] START.... 100 USD = 120,000 IQD... THIS IS THE VALUE TODAY...
[Jester] NOW LET'S TAKE THE USD AND CONSIDER THE MISSING FACTOR OF THE END RESULT BEING 100 USD = 100 IQN... THAT IS THE VALUE AFTER THE RI...
[Jester] THIS IS KIND OF A BACKWARD WAY OF DOING IT....
[Jester] 100 USD * (100 IQN / 100 USD) = 120,000 IQD
[Jester] THE 100 USD CANCELS OUT AND YOU ARE LEFT WITH.... 100 IQN = 120,000 IQD...
[Jester] THIS IS THE VALUE OF THE RI DINAR NOW IN IQD AND IQN...
[Jester] NOW LET'S USE THE FACTOR WE HAVE FOR THE 1000 IQD = 1IQN
[Jester] THIS IS THE 000'S PART...
[Jester] SO.. 100 IQN = 120,000 IQD * (1 IQN / 1000 IQD)
[Jester] THE IQD CANCELS OUT AND YOU ARE LEFT WITH 100 IQN = 120 IQN
[Jester] REMEMBER ONE IS THE USD EQUIVALENT ON THE LEFT AND THE IRAQ EQUIVALENT ON THE RIGHT...
[Jester] SO LETS PLOW THE USD BACK IN... STILL THE END SINCE WE ALREADY DID THE RI WE ARE NOW JUST FINDING THE VALUE OF THE USD TO THAT AFTER DELETING THE 000'S...
[Jester] IF YOU UNDERSTAND FACTORS THEY CAN BE INSERTED OR REPLACED AND STILL EQUAL THE SAME THING IN THE EQUATION...
[Jester] SO... REMEMBER THE END? 100 USD = 100 IQN
[Jester] SO.... 100 IQN * (100 USD / 100 IQN) = 120 IQN
[Jester] OR REDUCED DOWN.... 100 USD = 120 IQN.... OR 1 USD TO 1.2 IQN....
[Jester] I COULD LIVE WITH THAT... HAHAHAHA
[Aunt B] Jester Makes sense thank you
[Jester] Aunt B YAY! HAHAHAHA
[dinarrocks] Jester Where do I sign up? lol
[Jester] SO IF YOU CONSIDER THE RI IN THE EQUATION THEN IT CANNOT BE 1:1... BECAUSE THAT IS NOT WHAT THE ARTICLE SAYS....
[Jester] NOW... I AM NOT SAYING THIS IS WHAT IT WILL ALL TURN OUT TO BE... I AM ONLY POINTING OUT WHAT THE ARTICLE REALLY SAYS SINCE THE QUESTION WAS ASKED....
[Jester] AND SOME OTHERS MISSED THE POINT...
[Hoosie[dinarrocks] Jester Thank you for laying it out for us!
[tessamae] Jester Si senor
[nano59] O....K....
[ifly] Wow! I did not follow that at all. Seems to me its simply a break even deal. ???
[Jester] ifly SERIOUSLY ? YOU ARE BREAKING EVEN? YOU MUST HAVE PAID A WHOLE LOT MORE FOR YOUR DINAR THAN I DID.... LOL
[Jester] THAT THE RI MUST HAPPEN PREVIOUS TO THE DELETING THE 000'S... I AM HOPING WE ARE NOT WAITING THAT LONG... ALTHOUGH THAT MIGHT BE A POINT OF INTEREST... SINCE I THINK THAT MIGHT ACTUALLY BE THE POINT... ONCE THE RI HAPPENS... THE GROUPS CAN GO THROUGH... BECAUSE THE COUNTRIES CAN EASILY TRADE... AND THE DELETING THE 000'S MUST HAPPEN BEFORE IT BECOMES INTERNATIONAL IN THIS SCENARIO....
[dinarrocks] Jester The thing I am confused about is the relationship IQD/IQN? A little fuzzy?
[dinarrocks] Jester I think it is somewhat like our TRN/USN but not sure?
[ifly] Jester I paid up somewhat because I bought from dealers instead of banks. Bottom line, how many USD will I get for 1000 IQD, given a rv rate of 3.50? My math based on your example yields $10 or with rv to $3.50. $35. Not bad, but no huge deal
[ifly] Oops! Make that $1 or rv to $3.50
[dinarrocks] Jester However, do not want to prolong chat longer than necessary. Thank you for staying late and laying out the process/theory!
[Jester] dinarrocks THE IQD AND THE IQN IS THE IN COUNTRY AND INTERNATIONAL COMPONENTS OF THE CURRENCY IN IRAQ.... SAME AS THE US WILL HAVE... THE TRN WILL REPLACE THE FRN/USD IN THE INTERNATIONAL COMPONENT AND THE USN WILL BE THE IN COUNTRY COMPONENT...
[dinarrocks] Jester OK, that is what I thought, so I did not misunderstand!
[Jester] ifly I AM SORRY YOU DO NOT GET IT... YOU ARE OVER THINKING IT... BUT I DO NOT HAVE TIME LEF TONIGHT TO GO OVER IT AGAIN...
[Jester] dinarrocks YOU DID NOT... HA!
[king david] [Jester] "THIS IS KIND OF A BACKWARD WAY OF DOING IT...." I think this is why I missed it...maybe others as well. I was looking forward while you were looking backward. my bad
[happyjack] If I can toss this out there. what if the zero's that are getting deleted are the leading zero's in .00086USD = 1 IQD meaning now .86USD=1 IQN? Isn't that about the same math?
[ifly] Cool beans thanks will read forum till I get it.
[Jester] ifly I NEVER SAID ANYTHING ABOUT $3.50... SOMEONE ELSE TOLD YOU THAT... I JUST TOLD YOU $1.20 BASED ON THE ARTICLE WE WERE USING...
[ifly] Right. Shabs said near Kuwait
[Jester] happyjack AND TO TELL THE TRUTH THAT REMAINS THE SAME RESULT WHEN AND CONVERTING 1000 IQD = 1 IQN.... DO THE MATH AGAIN AND YOU COME UP WITH A LITTLE DIFFERENT NUMBER BECAUSE THAT NUMBER IS 1166:1 AND I USED THE ARTICLE NUMBER OF 1200:1...
[Jester] SO YOU ARE RIGHT ABOUT THAT...
[tessamae] Jester Thanks I enjoy breaking down what we are actually seeing....not pretending what we might see in the future.
[ifly] What I got outta that is I get my $ back, break even. Not exactly what I wanted to hear, but republic is the real prize anyway
[PollyP] ifly. get professional wealth help or that may be what you end up with
[Jester] ifly ONCE AGAIN... IF YOU THINK THAT YOU DID NOT GET IT... IF THIS THEORY IS CORRECT YOU WILL GET $1.20 FOR 1 DINAR... WHICH IS A CRAP LOAD MORE THAN YOU PAID FOR IT...
[INSERTED BY Jester FOR IFLY] WHAT YOU PAID FOR IT TO BEGIN WITH IS NOT THE SAME AS WHAT IT WILL BE WORTH AFTER ALL THE MATH WE DID... YOU ARE MIXING UP THE TWO THINGS WITHOUT CONSIDERING THE CALCULATION... THAT CALCULATION SHOWS WHAT IT IS WORTH BEFORE... AND THEN CONVERTS TO THE END VALUE... AFTER THE RI AND DELETE THE 000'S... AFTER ALL THE MATH YOU WILL GET 1 USD FOR EVERY 1.2DINAR YOU HAVE THEORETICALLY... OR IN THIS EXAMPLE... YOU WOULD GET 83 CENTS FOR EVERY DINAR YOU HAVE... IF YOU HAVE A MILLION DINAR YOU WOULD GET $830,000...
[tessamae] ifly he said 1.20 per 1 dinar.... that is way more than what we paid for it.
[ifly] Shabbibi said near Kuwait. Hence $3.50
[Hoosier Girl] Jester Thats true too
[Jester] ifly WE ARE TALKING ABOUT THE ARTICLE THAT CAME OUT... THAT IS ALL I HAVE TO GO BY....
[Jester] I CAN'T TAKE ANY MORE... LOL
[Jester] YOU GUYS TAKE IT EASY.... HAVE A NICE WHAT IS LEFT OF THE EVENING...
[Jester} THANK THE MODS FOR HANGING WITH US…
[Jester] SEE YOU ALL TOMORROW... NIGHT NIGHT...
Ponee- Admin
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Join date : 2011-08-09
Re: Jester says if the articles are right the rate is $1.20 USD to 1 IQD
Well if Jester says it, that settles it, we can forget about 1:1.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
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Re: Jester says if the articles are right the rate is $1.20 USD to 1 IQD
I will take 1.20 US. That's 1.53 Canadian
*****************
Wealth is what you have when all your money is gone!!!
HezekiaH- VIP Member
- Posts : 1651
Join date : 2011-06-17
Location : Earth
Re: Jester says if the articles are right the rate is $1.20 USD to 1 IQD
I am still racing you all to the bank for that .10 rate !
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