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fergie says():Using the 2 25k notes and the one 50k note, we can have a total of 100k. now, when we take only one note away, the amount left is determined by which denomination we remove, so we have a different value remaining depending on the type of note and not the amount of notes, or notecount Pensacola27 says():But isn't 50K worth the same no matter what the notes are? flint says():I hope the news time can make the issue of the note count currency value clearer with one of your great analogies.. it is still a little confusing to me Pensacola27 says():One hundred US dollars in 5 twentys or one hundred note is still worth $100. Same with the dinar fergie says():if the cbi says they have removed all but 1 billion notes, the total buying power value of those notes could be anything. If they were all of the 5k variety that would be, 5 trillion dinars.
if they were all the 25k notes then the value of the currency circulating would be 25 trillion. So how can it be more important that the amount of notes are the same 1 billion than that the value would be either 5 trillion or 25 trillion?
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fergie says():Hello everyone. I read a cbi statement over the weekend that concerns me. I will link the entire article but here is the excerpt i am most concerned about, fergie says():"Firstly - on the horizontal level: Deleting the three zeros - Transforming 30 trillion Dinars to 30 billion Dollars by deleting three zeros from the current currency and changing it to a new currency which eases the arithmetic operation with the smaller numbers on the example of the federal budget accounts, banking and corporate accounts as well as cash family accounts (individuals) without resulting in any change or difference on the normal value of income or monetary wealth of people and also without affecting the normal value of contracts and commitments between people.
This is called Homogenous Function of Degree Zero.
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WSOMN:
AdminBill: WSOMN 08/16/16 - THE QUIET BEFORE THE STORM CONTINUES
I WISH I HAD AWESOME NEWS TO SHARE BUT UNFORTUNATELY THERE IS NOTHING MEANINGFUL OTHER THAN "IT IS A PROCESS" AND THERE "CONTINUES TO BE EXCHANGES TAKING PLACE" AS THE PROCESS MOVES FORWARD.
BASICALLY IT IS THE SAME INFORMATION WE HAVE HEARD FOR THE PAST TWO MONTHS.
DON'T GET ME WRONG. THERE IS A PROCESS THAT IS TAKING PLACE AND WE ARE IN THE MIDST OF IT.
THE QUESTION THAT REMAINS FOR US IS WHEN WILL IT BE OUR TURN?
AS I SPEAK TO MEMBERS AND OTHERS THE DISCUSSIONS ALWAYS SEEM TO TAKE THE SAME COURSE. SUPPOSEDLY ALL OF THE PEOPLE THAT HAVE EXCHANGED HAVE CASH IN THEIR ACCOUNTS NOW.
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WingIt:
Beams: Everything and Everyone I speak to is excited .. and is saying we are in a very good place.
Piper19: Today may be the beginning of the big market crash....It has begun...Japanese Yen +1.30% 08/16-07:20 99.9450 0.0100 135235.58 -317.75 -0.23%
NIKKEI 16,596.51 -273.05
The YEn is down 317pips
Lostnq8: stocks are down world wide - oil is up over 45 gold and silver are up - good morning family
MGR: Japan is very invested in the Dow when they go xown the will take us with them. The Nikkei is down 273.05.
Lostnq8: mgr on the new cnbc home page one article was talking about how the EPA was manipulating stocks - we only see what the media wants us to see - there is so much corruption out there
MGR: Lost, I think their days are numbered. They will fight to the bitter end and I hope that is soon. Yes things are likely much worse that what we see.
Piper19: Yen is down and dropping They will be bankrupt soon
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The below posts were inn our 10am Newsletter
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Holly1 says to rcookie(): Iraqiachannel Iraq is heading during the next term to financial stability in case of compliance with all the economic and political reforms together, especially with the end to the existence of a gang «Daash» terrorist in the country and the liberation of its territory, which would ease the financial burden on the state.
Rapporteur of the Finance Committee Ahmed al - Haj Rashid stressed that «Iraq can safely make financial stayed with him, if he was able to abide by all the economic reforms , which must be matched by political reforms and administrative», Rashid said in a statement to «morning»:
The «Iraq is heading toward financial stability, Las Lima that some of the conditions of the International Monetary Fund for Iraq, including the issue of obligations on Iraq that must be postponed because the financial situation is not good enough »,
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kalis says to larrykn():did they vote ?' larrykn says():no postponted tillnext week subgirl says to Holly1():WOW! that is a lot of thots and comments HOLLY!!! :) subgirl says to Holly1():bring it on...:) rcookie says():Parliament resumes its vote on the paragraphs of the Amnesty Law Author: HH, SSJ Editor: HH 15/08/2016 13:19 Number of Views: 496 Long-Presse / Baghdad Iraqi Council of Representatives resumed on Monday, the 12th of its first legislative term of the third legislative year to begin to vote on the paragraphs of the general amnesty law. A parliamentary source said in an interview with (long-Presse), "The House of Representatives resumed this afternoon, 12 of its first legislative term legislative year, the third headed by Salim al-Jubouri, and the presence of 210 deputies after the adjournment for half an hour."
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WingIt:
Chief53: From a little Birdie: "Look for it after midnight"
And for your info: All sources of mine that I want to keep confidential are "Little Birdies"
Gerry Maguire: I FEEL a late night coming
https://www.youtube.com/watch?v=v2AC41dglnM
WELL TROOPERS LETS HOPE TONIGHT IS THE NIGHT......
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WingIT:
Highlights from Frank26 CC 8-15-16
Lostnq8: Frank26: He is sorry that he is 30 minutes late because of all the new people on the program.
Thanks everyone who donated to st jude.
Talking about Iraq was in the ER. In other words they were sick.
We don't give dates or rates.
The ER is their reform. two by two by two is six weeks. Now we have Falleujah
We are waiting on the announcment of Mosul. We are seeing the morsels of Mosul coming out.
Mosul is a deterrent to keep you from seeing the depths of the reform
The duties of the WTO is to revalue the value of the currency.
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The below posts were in our 10pm newsletter
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 8-15-16 Part 2 of 2
larrykn says to subgirl():Urgent Jubouri: we will hold a special meeting tomorrow if postponed the vote on the general amnesty
2016/8/15 14:57 [Oan- Baghdad] The President of the House of Representatives Saleem al-Jubouri, to maintain a quorum for a session of Parliament today to vote on the draft general amnesty law.
Jubouri said that "we could not so we'll go for the extraordinary session tomorrow."
The Jubouri announced time earlier today that "the amnesty law prints now in its final form in preparation for a vote" at today's meeting. "
Read More http://www.dinarupdates.com/showthread.php?38963-Urgent-Jubouri-we-will-hold-a-special-meeting-tomorrow-if-postponed-the-vote-on-the
subgirl says to larrykn():special meeting tomorrow IF postponed..
~~~
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Monday AM Chat 8-15-16 Part 1 of 2
BGG says():Hey gang - out of respect... I am putting a hold on the official "News Time" for tonite. One of our gang has a family emergency - we'll regroup sometime tomorrow.
DIGIman1 says():is it morning there yet?
larrykn says to DIGIman1():gm , yep couldn't sleep,was thinking how big the news will be today lol
larrykn says to DIGIman1():I saw 5 cabnet members will get voted on and one declind
DIGIman1 says():yes i sure hope they are doing what they said.
larrykn says to DIGIman1():we will soon fine out
DIGIman1 says():abadi is supposed to announce his cabinet this week too
larrykn says to DIGIman1():you mean after the 5 get voted on
DIGIman1 says():likely so....
~~~
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