guru, answer one question, so far you've dodged it....
Iraq has 20 to 40 trillion dinar out depending on who you listen to. Your opinion is that the dinar will RV to $1.
Explain to me how the country of Iraq, with its population of 25 million and an economy in shambles, can have a money supply that is multiples larger than all other nations on earth combined.
Quit dancing around the question for a second and THINK for yourself. Think about what you are suggesting. The Belize dollar is pegged to the dollar at a value of 2 Belize dollars = 1 U.S. dollar. What would the world think if Belize suddenly said, "The Belize dollar is now worth 500 U.S. dollars. Ha-ha world, we have more money than all of you combined".
Obviously their currency wouldn't be recognized anywhere, yet this is exactly what you think Iraq will do.
I admit Iraq is a little different. It's currency was devalued by the invasion forces. It will have to be revalued to something in the ballpark of what it once was. $40 billion "seems" to be that target, but who knows?
To get to a money supply of $40 billion, Iraq would need to pump its money supply to 40 trillion and then LOP 3 zeros. Everything points to that.
I don't understand why people get so confrontational about this. I can't hurt you in any way. No matter what I post the Dinar's exchange rate won't change, yet there is a hostile animosity towards anyone that doesn't pump the beans out of the Dinar.
Isn't this a "discussion" board?
Some discussion!
AI
