7-11-2012

B says that Iraq is still under the control of the IMF and won't be allowed to screw the international community. Interesting how he thinks the IMF is watching them like a hawk regarding the lop but is apparently looking the other way while they overstate their money supply by upwards of 99% in preparation of a 100,000% increase in value.


http://www.youtube.com/watch?v=D3haS3XZwTM&feature=plcp


B then reads an email quoting something that Med said about Iraq's announcement that they will remove three zeros from the nominal value of the dinar. 


A REVALUE IS THE SAME AS A VALUATION OR THE SAME IN THIS CASE AS REMOVING THE ZERO'S ANY AMOUNT FROM THE NOMINAL VALUE. WHAT IS THE NOMINAL VALUE? THE NOMINAL VALUE IS WHAT IS USED WHEN COMPARING ANY CURRENCY AGAINST THE USD. RIGHT NOW THE DINAR IS 1166 BUT THE NOMINAL VALUE IS .00086 AND SINCE CBI STATED THEY ARE REMOVING THE ZERO FROM THE NOMINAL VALUE OR THE THOUSANDTH, THIS IS WHERE THIS THOUSAND TO ONE KEEPS POPPING UP, THE DINAR IS RECOGNIZED IN THE THOUSANDTH THE USD IS NOT. BY REMOVING THE 3 ZERO'S OR THE THOUSANDTH POSITIONS THEY ARE NOW BROUGHT IN LINE WITH THE NOMINAL VALUE OF THE USD. NOW WHAT IS THE CONVERTED VALUE AFTER THE REMOVAL OF THE ZERO'S? 1.17 DINARS = 1 USDOLLAR OR .86 CENTS. FORGET THE WORDS RV.


B says he agrees with Med's interpretation that essentially the CBI is announcing that they're going to increase the value 100,000% or a thousand times its current value.  He says this is why he and Med hung out so long.  Maybe this is where B's convoluted understanding of redenomination comes from?


Two different times in today's video B states that we're at the mercy of the CBI.  Further evidence of backpedaling?


B concludes by talking about how nobody can stop you from succeeding in life but you.  He then says that the partisan rhetoric from both parties keeps them from accomplishing much of anything.  I'm going to take a brief pause from criticizing B and say that I wholeheartedly agree with him here.   A pox on both their houses. 


http://www.youtube.com/watch?v=D3haS3XZwTM&feature=plcp

http://dinardouchebags.blogspot.com/2012/02/breitling-catalog.html

http://dinardouchebags.blogspot.com/2011/10/breitling-busted.html