Iraqi Dinar Discussion Board

[Aerospace]

Perspective… debt is commonly measured against GDP.
Yes… the US has a large debt, but when measured against GDP it is less 100%. There are many countries with a debt to GDP ratio of over 100%.

Do you not consider a $13 Trillion GDP an asset?
Iraq with all that oil. It's a great thing for Iraq to have it, but again a little perspective is in order here. At 2 million barrels a day x $100 it will take Iraq 178 years, yes, that's One Hundred Seventy Eight years to equal one year of The United States GDP.

I posted this the other day… maybe you missed it.

The amount of oil OPEC sells on the world market is somewhere around $1.5 billion per day, said Jeffrey Currie, the head of commodity research at Goldman Sachs in London.

Compare that, he said, to the more than $3 trillion that change hands in currency markets every day.

"You're talking about a value that's just too small to show up on the radar screen," said Currie. "It isn't enough to materially change the currency markets."