Sunday, June 15, 2008 6:17:21 PM
7.5 Trillion... where did it come from?
The article that talks about the 5 billion dollar deposit in the N.Y. Fed, the article that clearly states "He said the dollars had been accumulated by the Iraqis since the creation of the new Iraqi dinar and not sold to them by Washington."
That took place in 2005. Look at the spread sheet again and look at the figures for the end of 2005. They had 9.1 trillion in circulation, 5.5 trillion in deposites for a total of 14.6 trilliin M2.
Where in those figures does this supposed 7.5 trillion dinars that the Fed supposedly bought show up. There is no 7.5 trllion jump from the previous year. Thier isn't even 7.5 total in deposites by that time. Circulation number of 9.1... we know that the original exchange when the new currency came out was for 4.5 trillion. That means less than 5 trillion more dinars had been added to circulation. So neither of those mumbers could have contained the 7.5 trillion we are told that is with the fed. So where are those 7.5 trillion documented. Are they not on the books. That would mean that todays M2 number of 26 trillion is really 7.5 trillion short. That would mean m2 is really 33.5 trillion. That would not be a good thing.
That's all not true obviously... becuase the US does not hold dinars.
The article that talks about the 5 billion dollar deposit in the N.Y. Fed, the article that clearly states "He said the dollars had been accumulated by the Iraqis since the creation of the new Iraqi dinar and not sold to them by Washington."
That took place in 2005. Look at the spread sheet again and look at the figures for the end of 2005. They had 9.1 trillion in circulation, 5.5 trillion in deposites for a total of 14.6 trilliin M2.
Where in those figures does this supposed 7.5 trillion dinars that the Fed supposedly bought show up. There is no 7.5 trllion jump from the previous year. Thier isn't even 7.5 total in deposites by that time. Circulation number of 9.1... we know that the original exchange when the new currency came out was for 4.5 trillion. That means less than 5 trillion more dinars had been added to circulation. So neither of those mumbers could have contained the 7.5 trillion we are told that is with the fed. So where are those 7.5 trillion documented. Are they not on the books. That would mean that todays M2 number of 26 trillion is really 7.5 trillion short. That would mean m2 is really 33.5 trillion. That would not be a good thing.
That's all not true obviously... becuase the US does not hold dinars.
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