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Thursday, June 30, 2016

TNT CHAT, 30 JUNE

TNT


Fireball92:  IMO what all yall 'high dollar' speculators seem to forget... the GCR is about balanceand parrity of value. Assigning a value that is atronomical is CWAZY. The folks who think in $1.00+ terms on the ZIM. IMO, even $.05+ are losing perspective....

Reflip:  They can put any rate out there they want to but until they release it to the public it all means diddly squat!

ASO:  It has just dawned on me that we have spent a great deal of time watching what Iraq does with their currency. We await the RV through the events happening in Iraq. BUT, we may have missed a much bigger picture. Just look what the IMF has been doing with several countries as of late. YES, they have been giving out loans with due dates coming up soon just like Iraq. They are going to want their money back from all of these countries. It is one of those things in life that makes you go Hummm...

What is really interesting is this question. Where are they getting all of this money? The IMF has been giving us clues all along. They have focused our attention on Iraq, Iran, and others while knowing the money they give out will soon be returned.   ;)

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Red: As you’re probably aware, global markets are still reeling from the UK’s decision to leave the European Union. In just the last week, the S&P has dropped by more than 5%—and rebounded by nearly 4%. A roller coaster like that is enough to make anyone sick. But I’m not stressed about it… I imagine Buffett isn’t stressed about it… And you shouldn’t be stressed about it, either. Here are some words of wisdom from Buffett that help me—and could help you—keep a cool head.

When the market tanks like it did last Thursday, it might be tempting to sell your positions and hide your head in the sand. Conversely, when the market is trading up (like it has been the past few days), you might feel compelled to load up on stocks again. But often, the best trading decision is no decision at all. There’s no reason to change your strategy just because the market gets choppy.

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ThruTraffic:  UPDATED: Lop 6 on Zim 100T, but not on 100M? Hmmm...

For UPDATE, scroll down.
 
It’s being said that the 100 trillion Zim notes (and some others) will have 6 zeroes lopped off prior to exchange.

It’s also being said that lower denoms like the 100 million will NOT have the lop.
This means that a 100 trillion note converts, after the lop, to 100 million for the exchange.

Assuming the 100 million note is not lopped, it would still be 100 million for the exchange, the same as the 100 trillion.
 
If this is true, then the Zim 100 million notes on eBay are the HOT TIP! For the same 50 bucks you can buy just oneof the 100 trillion notes (100 million after lop), or a TEN-PACK of the 100 million notes (no lop, 100 million EACH)! Sc-o-o-o-o-o-o-o-o-o-re!
 
OR, you could say, "Hmmmm, lop 100T but not 100M....who does that make sense to?"
 
The lop-all-equally math works out like this (assuming 30 cents at the exchange) --
 
100 trillion lop 6 = 100 million x 30 cents = 30 million dollars in your account. At 50 bucks each on eBay, that's a 600,000 to 1 return.

100 billion lop 6 = 100 thousand x 30 cents = 30 thousand dollars in your account. At 20 bucks each on eBay, a 1,500 to 1 return.

100 million lop 6 = 100 x 30 cents = $30 dollars in your account, NOT 30 million! At 5 bucks each on eBay, a 6 to 1 return, NOT 600,000 to 1!
 
Now, that makes sense. That said, nothing in this whole RV seems to make any sense, so, who knows...
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More to consider regarding equal vs. unequal lop of Zim at exchange --

100,000,000,000,000 (100 trillion) lop 6 = 100,000,000 (100 million). If 30 cents exchange = $30 million.

100,000,000,000 (100 billion) lop 3 = 100,000,000 (100 million). If 30 cents exchange = $30 million.

100,000,000 (100 million) lop 0 = 100,000,000 (100 million). If 30 cents exchange = $30 million.

They’re all the SAME!!! ….Seriously?
100 trillion is 3 zeroes more than 100 billion, 1,000 times larger!
100 trillion is 6 zeroes more that 100 million…1 million times larger!
 
The Zim is a long shot we’re all hoping for. The idea that every denom will be equalized via an unequal lop makes absolutely no sense whatsoever, a long shot that’s off the edge of the map. So, if you’re relying on your stash of 100M or 100B paying off the same as the 100T……turn your hat around, adjust your thinking, and plan accordingly to increase the odds that the long shot lands in your bank account.

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Daz:  GOOD JOB THRUTRAFFIC...AS USUAL

RE: ZIM...THE LONGEST OF LONGSHOTS.

ALL THINGS CONSIDERED THE LEAST LIKELY OF ALL CURRENCIES DISCUSSED TO BE EXCHANGED IF WE CONSIDER ITS THE ONLY ONE OF THEM THAT ARE OFFICIALLY NULL, ABANDONED, RECALLED, RETIRED, CANCELLED, WITHDRAWN FROM CIRCULATION AND PUBLICLY ANNOUNCED TO BE FINALLY REDEEMED BY A PUBLISHED CLOSING DATE ....THAT HAS COME AND GONE AS OF JUNE OF 2015.

ZIM HISTORY 101

en.wikipedia.org/wiki/Zimbabwean_dollar

NOW...WITH THAT SAID...I OWN A LITTLE. BUT, I DONT COUNT ON IT IN THE BIG PICTURE PLAN....THE OTHER CURRENCIES ARE THE BISCUITS...THE ZIM IS THE GRAVY

STRANGER THINGS HAVE HAPPENED...I SAW PIGS FLY ONCE UPON A TIME.
..........................................

RE: ZIM ZEROS.

WISHFUL THINKIN' DONT CHANGE BASIC FUNDAMENTAL ACCOUNTING PRACTICES OF THE INTERNATIONAL SYSTEM OF UNITS.
 
a system of physical units ( SI Units ) based on the meter, kilogram, second, ampere, kelvin, candela, and mole, together with a set of prefixes to indicate multiplication or division by a power of ten.

CURRENCY IS A UNIT OF ACCOUNTS https://en.wikipedia.org/wiki/Unit_of_account
 
THRUTRAFFIC SUMS IT UP VERY WELL

CONSISTENCY ACROSS THE BOARD WITH A UNIFORM, UNIVERSAL BASE 10 REDUCTION IS THE ONLY REASONABLE APPROACH TO MANAGE THE REDEMPTION OF "OUT-COUNTRY" NOTES AND DENOMINATIONS IN EXISTENCE..IF THEY ARE PUBLICLY REDEEMED AT ALL.

IM SURE THAT FLOATS OVER LIKE A LEAD BALLOON IN THE MIND OF MOST BUT YOU HAVE TO PLUG THIS IN TO YOUR THINKING AND CONSIDER POTENTIALS ABOVE AND BELOW THE "DREAM CURVE".

DIVERSIFY FOR SUCCESS.

Daz :imo if the zim goes public and multiple denoms are accepted and zeros are removed....the same number of zeros will be removed from all note denominations accepted. its a base 10 system and its only logical

daz wrote moments ago Decimal currency[edit] Decimal currencies have sub-units based on a factor of 10. There are most commonly 100 sub-units to the base currency unit, but currencies based on 1000 sub-units also exist, especially in Arab countries.

daz : 24s ago en.wikipedia.org/wiki/Decimalisation

HANG IN THERE

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