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waggett

02/04/08 3:09 PM

#13142 RE: Panhead #13140

Think about it from their perspective, actually a LOP would do a lot for their economy because it would keep the capital at home. If they simply RV a tidal wave of money will leave the country as speculators cash out of the dinar, leaving the country nearly bankrupt in the short term. That prospect is not in their interest.

A LOP on the other hand would take billions of dinar out of circulation (something that needs to happen imo before anyone takes the dinar seriously) and actually have the effect of increasing faith in the currency because it's the responsible thing to do from a fiduciary perspective.

We'll still make money on our investment, it just won't be the pie in the sky millions some had hoped for.