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Tuesday, April 3, 2018

"No Lop" - Dinar Alert News Discussion 4-2-18

Dinar Alert

Venezuela to delete three zeros from its currency and Iraq is still afraid of "circumvention"


Punisher: Are you guys really talking about a lop again this late in the game? Palm to face!

Mike: I don't believe Iraq is going to LOP johnbob, so that leads to the question, what does Venezuela have to do with anything? Iraq wants to do it because they want the citizens off the dollar and to reduce money supply while standardizing bank notes.

My question is related to this:

"The subject of deleting zeros from the currency is ready but needs an environment suitable for its application to prevent manipulation and fraud by the owners of vulnerable souls."

What, exactly, are the conditions to begin removing the zero's?

johnbob1: OK Mike I did not think that was the way you were leaning with as much time and thought you put into this investment Thanks for all the research you put into the dinar

Shengwah: I think Venezuela will lop. I don't think Iraq will lop. Lots of countries lop when their currency is in free fall like Venezuela. Iraq isn't in free fall.

They don't have hyperinflation. They just have a bunch of boneheads who don't want to give up the gravy train. And an infinate number of tribal alliances.

And thousands of years of feuds. Venezuela is simply one more populace seduced by the promises of Socialism. If Iraq starts kicking out foreign oil companies it's time to go.

Enorrste: Mike's question is well put: What, exactly are the conditions to begin removing the zeros? The answer to that question, not surprisingly, is really quite simple.

The one condition that is needed is the assurance that the value of the dinar will rise when they move to the international currency market and Article VIII.

The problem with discussing "remove the three zeros" is that it is seen as an event, such as in Venezuela, when in fact it is a process, as will be the case in Iraq.

The ONLY way that the three zeros will be eliminated in Iraq is through a gradual rise in the value of the currency (KAP and others have posted many articles stating just this fact).

It has been shown conclusively that the RV concept is not tenable because there is too much currency in circulation to effect an RV.

The ONLY way to get to our goal is to see the currency move to a float and then see a gradual removal of the large notes as the value of the currency rises. Therefore, "remove the three zeros" can only occur over time with the gradual rise in the value of the currency.

The fact that the most recent articles are stating that the only thing holding the implementation of the project is a "suitable environment" brings us closer to Mike's question. What is the "suitable environment?"

This phrase is a little more specific than Mike's question concerning a "condition" needed. A suitable environment could involve any of a number of factors. We know one of them: security. For well over a year this was what was holding up the implementation of the project.

More recently, however, it seems that the security issue is now either solved or secondary. A second issue might be the coming election. After all, if Abadi doesn't win re-election then the suitable environment will clearly not exist, right?

I personally don't see any other significant factor that would consitute a need for the creation of a suitable environment. A recent article stated that education efforts are once again being implemented to inform the people of what to expect.

This has occurred before, as we know, and seems somewhat minor to be a significant factor. There has been ample education and discussion on this matter.

Where economists used to argue entirely against the project, that has waned and now the arguments are "how" to implement rather that "if" they should implement. So, in that sense, the environment educationally is already suitable.

Therefore I am left with the conclusion that the election is the key. It is a significant factor and could throw a real wrench into the gears if it doesn't go down with Abadi on top.

On the other hand, with a victory, and especially a significant victory, the environment would be suitable for implementation of the plan. Consider it sort of like the Trump election: a lot of promises were made, but only implemented once the election was in his hands. ​

(Courtesy of Dinar Recaps)

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