Replies to post #28533 on Iraqi Dinar Discussion Board (IQD)

[Mr. Bill]

Well then again, the camp which has the belief that a GCR will happen with the IQD being an important part of it and all of the delays due to the complexities of changing 6 billion currencies all at once - LOL

somewhere you got to draw the line and ask what is more likely, what makes sense?

there is a free market today for the USD and many of these other currencies which are going to be involved in the "GCR" so for all of them folks that are global currency reset fans.....

why is a reset needed when a free market exists whose purpose is to allow the true value of the currency to be found?

None of the GCR fans seem to have an answer other than it is Basel III - again, so what, a free market can not find the value of a widget and so a Basel III manual realignment then becomes necessary? It makes no sense.

On the other hand a currency which has had an artificial rate imposed by the UN/IMF/US for 10 years - for a country with massive natural resources - it makes sense that their currency could have a revalue or repricing as such since IT HAS NOT BEEN PART OF A FREE MARKET but rather a FIXED MANIPULATED MARKET meant to prevent the country from fighting back and allow for easy occupation.

[Kubisiak5]

Looks like a softening in tone and bravado by that particular guru. Correctly reading the tea leaves has that effect :( he still manages to lob one last gasp hypothetical scenario, but perhaps there will be more cautious outlooks going forward.

This still looks like a winner to me over time. Its another one of our "twiddle our thumbs" deals. I look at this as a place to maybe load up AFTER/IF one of our others goes off....but only once theres more political certainty.