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Chandernagore
Posted: February 18, 2005 03:06 pm
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My point was the fact that a more or less forced switch to Euros just for the Euro's sake


I'm afraid nobody talked about forced switch but about a desire to switch for one's own interest.

And certainly not for the Euro's sake, nor for the blue eyes of Snow White ;-)

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if one considers only the well-being of ordinary people, politics shouldn't try to supress free market economy and its rules, but encourage it.


This is another debate. While most often true there is no garantee in this statement. Free market can be a bitch and, from time to time, showed that it couldn't care less about the principles of democracy or those of family life.

This post has been edited by Chandernagore on February 18, 2005 03:07 pm
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Imperialist
Posted: February 18, 2005 03:52 pm
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P.S. you really left me open mouthed when you said that somehow in Romania today one can sell $ for ROL then buy Euros with those ROL and actually make an overall profit!


Valachus, you're starting to annoy me. biggrin.gif

Did I say that. Where? Please quote the paragraph.

I said the exact opposite. I said one can sell $ directly for Euros and make a ROL profit, without making the dumbest thing possible and first sell the $ for Lei then trying to buy with those Lei, Euros.

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My point was the fact that a more or less forced switch to Euros just for the Euro's sake, implies forcibly accepting TO PAY MORE $ FOR THE EURO than Euro's value is right now!


Sorry, but you are running in circles, no offense intended.
First I showed you that nobody forces me to change the $ for Euros, except my own desire for profit. Thats called a capitalist reaction. Unforced.
Changing my $ for Euros brings me a 3,4 million Lei profit!!! Am I forced by a brutal police state to change my $ for Euros?


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If the EU doesn't discover the philosopher's stone, at the current exchange rate there is no massive supplementary source of Euros for the surpluss $ sold by $ holders that have no use for their money, except the printing presses!


Thats not Euro's worry. The one to worry is the dollar, worry about the fact that its massive surplus is in danger of being outvalued on the market by stromger Euros.
I don't get this part: "sold by $ holders that have no use for their money."
What do you mean?

About the PECO/OPEC I'll try to reply later, I don't have time now.

take care






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Imperialist
Posted: February 18, 2005 04:41 pm
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QUOTE (Imperialist @ Feb 18 2005, 03:52 PM)


I said:

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I said the exact opposite. I said one can sell $ directly for Euros and make a ROL profit, without making the dumbest thing possible and first sell the $ for Lei then trying to buy with those Lei, Euros.


In case what I said is misunderstood: Ofcourse, you can make the aforementioned ROL profit if you resell the Euros for ROL.
Though I think it was pretty clear, I wanted to make sure... biggrin.gif


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valachus
Posted: February 18, 2005 04:58 pm
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QUOTE (Imperialist @ Feb 18 2005, 05:52 PM)
QUOTE
P.S. you really left me open mouthed when you said that somehow in Romania today one can sell $ for ROL then buy Euros with those ROL and actually make an overall profit!


Valachus, you're starting to annoy me. biggrin.gif


I said the exact opposite. I said one can sell $ directly for Euros and make a ROL profit, without making the dumbest thing possible and first sell the $ for Lei then trying to buy with those Lei, Euros.

QUOTE
My point was the fact that a more or less forced switch to Euros just for the Euro's sake, implies forcibly accepting TO PAY MORE $ FOR THE EURO than Euro's value is right now!


Sorry, but you are running in circles, no offense intended.
First I showed you that nobody forces me to change the $ for Euros, except my own desire for profit. Thats called a capitalist reaction. Unforced.


Some quick points before I go out tonight:

To my knowledge all valutary operations in Romania (as any other commercial operations) involve Romanian Lei. To change from one foreign currency into another you generally have to pass through RO Lei first. Where in Romania is this elusive bank or currency exchange point that you can go and change $ directly to Euros? In Romania, please.
And one more before I go have a beer in town: if indeed your monetary transactions don't involve at all RO Lei, how come you make a profit in Lei? Take your time before you answer that.

P.S.:

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Did I say that. Where? Please quote the paragraph.


Here:

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Changing my $ for Euros brings me a 3,4 million Lei profit!!! Am I forced by a brutal police state to change my $ for Euros?


And here too:

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So your reserves would be 713,219,500 Lei (in $). If you change ALL your $ for Euros, you'd get 18,846 Euros. That would be 716,637,996 Lei!!!
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Imperialist
Posted: February 18, 2005 07:59 pm
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To my knowledge all valutary operations in Romania (as any other commercial operations) involve Romanian Lei. To change from one foreign currency into another you generally have to pass through RO Lei first.


Yes, indeed, in Romania that would be the case, I realised that later...
So those 3,4 million Lei (about 114 $) are a loss in that exchange.
I admit my lack of knowledge of that fact, and understand it changes the numbers.

However, even with that, I still maintain that the $ in Euro exchange can take place gradually.
And moreover I still think that loss is far more easily covered by the oil producing countries.

p.s. about that rule with $-Lei-Euro, I consider it "dictatorial" biggrin.gif And some say there are ways of circumventing it... biggrin.gif

have a nice night

This post has been edited by Imperialist on February 18, 2005 08:32 pm


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Victor
Posted: February 19, 2005 07:57 am
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Should I change the topic's title into "Monetary operations"?
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Chandernagore
Posted: February 19, 2005 11:38 am
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QUOTE (Victor @ Feb 19 2005, 07:57 AM)
Should I change the topic's title into "Monetary operations"?


War is Money. Freedom is slavery.

This post has been edited by Chandernagore on February 19, 2005 11:38 am
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Indrid
Posted: February 20, 2005 05:46 pm
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QUOTE (Chandernagore @ Feb 19 2005, 01:38 PM)
QUOTE (Victor @ Feb 19 2005, 07:57 AM)
Should I change the topic's title into "Monetary operations"?


War is Money. Freedom is slavery.

ooooooooooooooooooooooooooohhhhhhhhhhhhhh
aaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhh
aaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhh

oh yeah.
yes, there, right there..
a little more, yeah..




oh my goooooooooooooooooooodddddddddddddddddd
baby.....

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Victor
Posted: February 20, 2005 08:16 pm
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Indrid I think you posted in the wrong window. The one you were looking for was the MIRC.
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Iamandi
Posted: February 21, 2005 07:45 am
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On topic

Look, one of the first role nations recognize something about anti terrorism war and co:


Russia: Army Testing New Equipment In Chechnya


Source: Radio Free Europe / Radio Liberty


" Russia's Defense Ministry has admitted the army is testing new military equipment and weaponry in Chechnya, where federal forces have been battling separatist militants for more than five years. Deputy Defense Minister Aleksandr Belousov says some of the weapons that have been tested will enter mass production this year. Russian military analysts say the admission comes as little surprise.


PRAGUE, Czech Republic --- Russian Deputy Defense Minister Aleksandr Belousov told ITAR-TASS news agency on 30 January that a sniper rifle, machine gun, and several night-vision devices are among the items that have already been tested and put into production.

Pavel Felgenhauer, an independent defense analyst based in Moscow, said it has been known for some time that the Russian military has been testing conventional weaponry as part of its operations in Chechnya. He said the practice is permissible as long as the weapons being tested are legal.

"I think nobody had any doubts [that weaponry is being tested in Chechnya]," Felgenhauer said. "Officially they say that there are no big battles under way there, but more serious weaponry is being tested there."

Felgenhauer said the Russian military tested new Black Shark helicopters in Chechnya, but found them inferior. Instead, the Defense Minister has decided to produce a different model -- the Mi-28 Havoc.
The analyst said that generally, however, it is difficult to gauge what types of weaponry are being tested, because the military only brings in a few prototypes of each model.

"The problem is that only several samples are brought in," Felgenhauer said. "They are tested and some turn out to be better, some worse. But on the whole, our soldiers -- both from the Interior Ministry and the Defense Ministry, as well as those reporting to other agencies -- are armed very poorly."

The problem with Russia's weapons, Felgenhauer said, is not that they are poorly designed, but that they are simply outdated. Chechen fighters often carry the same equipment as federal troops. In some instances -- particularly with communication devices -- the Chechens are even better equipped.

Felgenhauer said that most Russian troops are so poorly trained they would be unable to use more up-to-date equipment even if it was available.

The Russian military tested new Black Shark helicopters in Chechnya.

Not everyone is so sanguine about the Defense Ministry's actions. Oleg Pamfilov, heads of the Center for Journalism in Extreme Situations, a rights group run under the auspices of the Russian Journalists' Union, said that Belousov's statements, while not surprising, are shocking because Moscow has never been officially at war with Chechnya, which is formally Russian territory.

"It is an outrageous statement because firstly, neither of the [Russian] presidents -- Yeltsin or Putin -- declared a war," Pamfilov said.

Usam Baysayev, who works for Russia's Memorial human rights center in Ingushetia, an autonomous republic bordering Chechnya, said he has also heard about the Defense Ministry testing, but added that the real outrage is the continued bloodshed -- not which weapons are being used.

"[A country] should not use weapons -- either old or new -- against its own citizens," Baysayev said. "It doesn’t make any difference [whether the weapons are old or new], and it doesn't seem to be normal."

The current conflict is the second of its kind in the past decade. Thousands of civilians have been killed over that time, and at least 4,500 Russian servicemen are known to have lost their lives.

Neither death count has ever been officially verified. Observers say the real numbers could be much higher. "

Iama
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Indrid
Posted: February 22, 2005 05:49 am
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QUOTE (Victor @ Feb 20 2005, 10:16 PM)
Indrid I think you posted in the wrong window. The one you were looking for was the MIRC.

no i did not...i was trying to make a point...

stop playing with words....
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Chandernagore
Posted: February 22, 2005 08:16 am
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QUOTE (Indrid @ Feb 22 2005, 05:49 AM)
no i did not...i was trying to make a point...

Make a point with a Bushism ? biggrin.gif
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Indrid
Posted: February 22, 2005 09:44 am
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u got me on that one... biggrin.gif
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Chandernagore
Posted: February 24, 2005 11:56 am
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I wonder how long before the US decides that a pro Iranian shiite government is not really what they were looking after. And start dealing with the ex-baathists again, like in the good old times biggrin.gif

There are signs that "back-channel" negociations might have begun. Oh, maybe just maybe it's a quest for a global political solution. Maybe it's something a little less avowable.


"I know nothing about such negotiations" A Chalabi
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cnflyboy2000
Posted: February 24, 2005 04:59 pm
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QUOTE (Chandernagore @ Feb 24 2005, 04:56 PM)
I wonder how long before the US decides that a pro Iranian shiite government is not really what they were looking after. And start dealing with the ex-baathists again, like in the good old times  biggrin.gif

There are signs that "back-channel" negociations might have begun. Oh, maybe just maybe it's a quest for a global political solution. Maybe it's something a little less avowable.


"I know nothing about such negotiations" A Chalabi

Yes..man is he an original or what? Like something out of a bad novel...

Did u think "back channel" had ever stopped? Is there any other in that area of the world?
I thought a "secular" Kurd was the man? No?

cheers.
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