Are you sure you want to go down this road with me? I see you have a lot of followers. But this isn’t a penny stock you’re dealing with here. I know the dealers and pumpers like to treat it like a pinkie… just make up anything they’d like and expect the masses to buy it. Doesn’t work like that with a currency. The FACTS are out there for anyone to see. My posts contain the facts… with links. The Central Bank of Iraq publishes financials. Practically every central bank publishes financials for camparison. The IMF verifies those numbers and publishes them also. Money supply numbers are available for almost all countries. GDP figures are available for almost all countries. World money supply numbers and world GDP numbers are published.
You come over here and jump down my throat screaming that I’m always wrong. Please explain for the others here where I’m wrong. Show us some of your DD. Here are just a couple of my recent post with easily verifiable figures. Explain how my thinking is wrong.
The worlds GDP is about $60 Trillion. The high side of the Iraq GDP estimates are about $100 billion.
So Iraq's percentage of word GDP is .166% That’s not 1 percent… that is one and a half tenths of one percent. Please explain how a country with that tiny fraction of the worlds economy is going to have 3, 4, or 5 times more currency than the rest of the world combined. And that’s the low end of the estimates. If you believe the 3.50 rumors, they would have 15 times more currency than the rest of the world combined.
So… from $1.50 to $3.50 http://www.cbi.iq/xl&wr/key%20financial.xls Line 65… Iraq has “Currency outside of banks” (That’s M0) 21 Trillion Look at line 72… Iraq has an M1 of 32 Trillion.
So $1.50 would give them a M0=$31.1 Trillion and M1=$48 Trillion $3.50 would give Iraq a M0=$73.5 Trillion and M1=$112 Trillion
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