Friday, August 17, 2012

8-16-2012

B says that the word "revaluation" has been used by the media and even sources in Iraq.  I agree, it has.  I even posted about this a few weeks ago in "The Ambiguity of Revaluation".  Sometimes people in the media say "devalue" when they mean "depreciate".  Sometimes people say "exchange rate" when they mean "value".  Sometimes people use the word "revalue" when they're describing a redenomination.  You can't expect everybody to be up to speed on the terminology like economists are.  That's why you have to see what they're describing, and these articles are always describing a lop when they refer to deleting the zeros and issuing a new currency at a ratio of 1000 old for 1 new dinar even if they use the word "revalue".  Oddly enough B then proceeds to read one of these very articles about "cutting the zeros" and "redenomination" when discussing the time frame.

 http://www.youtube.com/watch?v=oy2Ht1ZcBx8&list=UUFsclL8v97dpvyD5GmvGLFg&index=1&feature=plcp

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

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









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3 comments:

  1. DaveDAugust 22, 2012 at 9:15 PM

    I created a thread on DV in the lop section before Wolf banned me for simply speaking the truth.

    http://www.highbeam....-126640765.html
    “Turkey carries out currency revaluation.”

    http://www.letsgo.co...ey-essentials-c
    “In response to rampant inflation and ever-confusing prices, Turkey revalued its currency in 2005, dropping 6 zeroes. One million Turkish Lira became 1 Yeni Türk Lirası”

    http://www.highbeam....1-19657604.html
    “Russia plans to revalue the rouble”

    http://www.coinbooks..._v10n17a25.html
    VENEZUELA TO REVALUE CURRENCY

    http://www.exchanger...tion/ghana.html
    note: in 2007 Ghana revalued its currency with 10,000 old cedis equal to 1 new cedis

    http://www.banknoten...a9bec9-1946.php
    Zambia revalues kwacha by removing three zeros

    http://www.banknoten...f9c03c0-898.php
    North Korea revalues and replaces currency

    These are all lops.
    I could go on and on but I hope you get the point. Go to a search engine. Type in the name of any country that lopped along with revalue, currency, and zeros.
    Ex. “Turkey revalue currency zeros”
    EVERY country that lopped will have articles that used the term “Revalue” do describe it.


    ReplyDelete
    Replies
    1. Sam I AmAugust 22, 2012 at 11:15 PM

      I credited you with these links on the Douchebags blog but forgot to here. Sorry.

      Delete
    2. DaveDAugust 23, 2012 at 7:20 AM

      No problem Sam. Not looking for credit. Just wanted to get these stories out there again showing how practically every country that lops uses the word revalue.
      I bet a million dollars Breitling nor any other guru can show us an eample of any country truely RVing, yet using the term redenomination or delete zeros.

      Delete

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