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Re: ema-266 post# 23665

Thursday, 04/01/2010 12:34:05 PM

Thursday, April 01, 2010 12:34:05 PM

Post# of 29692
That's a sham.
Once I got to this I stopped.
(2) We raised the issue of the large number of IQD reported as being in circulation (current estimates are at 25 Trillion). He indicated this was mostly made up of (1) in country physical currency, (2) the foreign currency reserves of the central banks around the world which are electronic, (3) currency that had been printed but not released (i.e. small denomination bills) and (4) privately held physical currency sold to increase the foreign currency reserves.

Anyone so clueless of currency in circulation numbers doesn't deserve the time of day.
Foriegn Currency Reserves of other countries, electronic??????????????? LOL
Currency that has not been release????????? LOL
Privately held blah blah blah.... what the heck is he talking about?

This sounds like a dinar dealer interviewing himself, pretending to be an economist.
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