Wednesday, June 11, 2008 3:19:41 PM
Bargain...quick reply on perspective.
A)
$70+ Billion in oil revenues are expected for Iraq for the year 2008. If Iraq wanted to, they could purchase all the physical circulated Dinars by over 10Xs within the year of 2008 while countering insurgents.
When one views this perspective against Iran (currency at .0001 valuated against the Dollar) one understands the insurgency from another perspective.
B)
When viewing the history of the Iraq's M2 one will quickly see that the 'physical Dinar' is being reduced. Total Dinar however increases only by debt papers...(especially Japan/Basra). Once again See M2 and its formulations.
C)
If there was any validity to your suggestion that 'tells you' Dinars are bought back and then 'recirculated' the M2 for 'physical Dinars' would increase. In this case the 'physical Dinars' numbers within the M2 are shrinking.
D)
The 'Only' reason the Dinar has been 'valuating' is because the CBI is utilizing a 'tight monetary policy'/IOWs holding it down hard coupled with Iraq investing/exchanging Dinars for the Dollar since 2003(buy-back).... The Dinar IS NOT VALUATING presently by Oil revenue(directly)...that is being presently utlized for infrastructure/war debt...it will not take too long at $70 Billion which already surpasses Kuwait. In a nut shell, we are dealing with a vacuum....but then again this vacuum is being drastically offset by Countries granting Debt Forgiveness....
E) Iraq has been investing/exchanging Dinars with the U.S. since 2003 mainly in Treasury Bills etc etc.....If I find that article again I'll post it for you...
A)
$70+ Billion in oil revenues are expected for Iraq for the year 2008. If Iraq wanted to, they could purchase all the physical circulated Dinars by over 10Xs within the year of 2008 while countering insurgents.
When one views this perspective against Iran (currency at .0001 valuated against the Dollar) one understands the insurgency from another perspective.
B)
When viewing the history of the Iraq's M2 one will quickly see that the 'physical Dinar' is being reduced. Total Dinar however increases only by debt papers...(especially Japan/Basra). Once again See M2 and its formulations.
C)
If there was any validity to your suggestion that 'tells you' Dinars are bought back and then 'recirculated' the M2 for 'physical Dinars' would increase. In this case the 'physical Dinars' numbers within the M2 are shrinking.
D)
The 'Only' reason the Dinar has been 'valuating' is because the CBI is utilizing a 'tight monetary policy'/IOWs holding it down hard coupled with Iraq investing/exchanging Dinars for the Dollar since 2003(buy-back).... The Dinar IS NOT VALUATING presently by Oil revenue(directly)...that is being presently utlized for infrastructure/war debt...it will not take too long at $70 Billion which already surpasses Kuwait. In a nut shell, we are dealing with a vacuum....but then again this vacuum is being drastically offset by Countries granting Debt Forgiveness....
E) Iraq has been investing/exchanging Dinars with the U.S. since 2003 mainly in Treasury Bills etc etc.....If I find that article again I'll post it for you...
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