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Re: bonehead post# 20751

Monday, 01/04/2010 2:14:28 PM

Monday, January 04, 2010 2:14:28 PM

Post# of 29692
Iran is the #3 country in oil reserves… and Iran has been discussing lopping zeros from their currency. Venezuela, which is #7 lopped 3 zeros in 2008. Russia, which is #8 has already lopped zeros. Nigeria which is #9 is talking about lopping zeros.

Oil in the ground will have nothing to do with a lop. A lop is simply to reverse the effects of inflation. It's an absolute fact that Iraq suffered from massive inflation during the late 80's and 90's. That is what destroyed the value of the currency.
There is no amount of oil in the ground that can undo that.

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