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Aerospace

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Aerospace

Re: realest post# 13787

Friday, 02/29/2008 10:48:33 PM

Friday, February 29, 2008 10:48:33 PM

Post# of 29692
"The Iraqi government has complained that it cannot support its huge Saddam-era debt to various countries — amounting by some estimates to more than $60 billion."

Iraq currently has to support about $18 billion in currency.
A 1:1 revalue would mean they have to support $22 trillion in currency.
It makes ZERO sense to think that a country that can't support $60 billion in debt can somehow support $22 trillion in currency.
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